Here's how to use the 1% spending rule to save money

If you struggle to stick with a budget, try using the 1% rule for spending money. It's simple: When something you want to purchase exceeds 1% of your annual gross income, wait a day before buying it. The 1% income cap will limit how much you can spend in a day, and the 24-hour waiting period will take the thrill out of impulse buying.