The 3-Month Rule: One of the Best Ways to Save Money

Budgeting Tips, Finances, How To Save Money

Alright, alright… you're totally rolling your eyes at me right now! I'm being serious. I'm about to teach you how to buy anything you want, regardless of your budget, with the 3-month budgeting rule! It's seriously one of the BEST ways to save money!

Couple shopping on their phone, from Fun Cheap or Free

One of the best parts about being a Fun Cheap or Free Queen is the fact that with patience, a little practice, and some mad frugalista skills, you can have just about anything you want. For realzies.

A gross misconception about “frugal people” is that we don't spend money; that we pinch every penny,  never buy anything expensive, only shop at Goodwill, and live a miserly, boring, and overall “cheap” life. While some of that is true (there is nothing wrong with shopping at thrift stores!), the overall misconception is, well, a misconception!

*Note: When you click the links in this post, we may receive a commission at no extra cost to you.

Remember my differentiation between “cheap” versus “frugal”? We are frugal people… we still know how to have fun and recognize value!

Alright! Now I'm about to teach you a financial principle that will make you rethink everything. It's seriously one of the best ways to save money!


Couple looking at finances, from Fun Cheap or Free

I am living, breathing proof that you CAN be frugal, live reasonably, practice self-control and delayed gratification, follow a tight budget, be thrifty in every sense of the word, and still havedo, and own just about anything you want.

“Just about” being the keyword. We've got to be reasonable here, folks! As FCF Queens-in-training (if you will), you all know how to:

  1. Set and track a monthly budget
  2. Organize your money into 7 bank accounts to stay on top of your finances

Sooooo….. what happens when you want to buy something that doesn't fit in your standard monthly budget?

Go without?

I'll give that a big HECK NO! My hubby and I live by a simple rule that allows us to buy the bigger, more costly items (that you're inevitably bound to need in your life — furniture, appliances, new carpet, whatever it is), while STILL following a tight budget. As well as respecting our tight finances, practicing self-control, enjoying delayed gratification, and spending wisely. Whew! That's a lot of awesomeness!

I now introduce to you…


You're going to be blown away by how simple this is.

Whenever you want or even need to buy something that doesn't fit within your standard monthly budget (or is over $100), WAIT. THREE. MONTHS.

It's that simple!


Ready to see seven reasons why the 3-month budgeting rule is seriously one of the best ways to save money?!


Hand holding jar of money, from Fun Cheap or Free

You with me still? You may be wondering how you set money aside. Let's break it down. First, find out how much money you need for the item, divide it by three months (or longer, if needed), and set that amount aside each month.

Where do you find the money to set aside?? The money you set aside should be money leftover at the end of the month after paying all your bills and debt. Do a money saving challenge to really watch it rack up!

If you don't have any money left over (living paycheck to paycheck) then the money needs to be cut from somewhere else. Cut down on eating out, entertainment, or your “fun money” budget, and set that aside.

This money then goes into your “Family Regular Savings” account.

If it takes you longer than three months to set the money aside for extra large purchases, or if you simply need to space out the setting aside because of a tight budget, then change the title of “the 3-month rule” to “the 6-month rule” or “the 12-month rule” and all the same rules will apply. See why this is one of the best ways to save money?


Holidays = holiday sales. Season changes = new inventory, making “old inventory” cheaper! Taking your time will give you a chance to anticipate upcoming holidays and take advantage of the holiday sales.

Also, the three months might fall on Christmas, your birthday, or anniversary. This will give you an opportunity to ask for cash instead of gifts, pool the money, and use it to help buy your item.


By setting the “3-month rule” as a hard and fast rule, it WILL eliminate impulse buys! This will not only save your family THOUSANDS in the long run, but will ensure you're buying the perfect item for you, and not just the best of what's available right then.


Waiting three months forces you to slow down, take a breath, and do your research! You know you can't have it right now, so it gives you time to ask around, shop around, and research.

Research what? The best brand, size, type, color, style, price, look, and functionality for YOU. If it's a couch, go to 10 different furniture stores before deciding. Bring a swatch of fabric home and see what it looks like with your decor, the lighting in your house, your paint color, and see if it stains easily.

If it's a new stroller, ask every mom you know what they love/hate about theirs. Borrow theirs. Take it for a spin around your neighborhood. See if it fits in your car. Test the wheels.

Whatever it is, this timeframe will give you time to do proper research to make sure you'll be 100% happy with your purchase, and that it will accomplish all your needs.


Along the same lines of avoiding impulse-buys, finding the BEST deal is key. It's not always about bottom-line price, either! Finding the best deal needs to include return policy, warranty/repair, delivery/set-up, brand, make/model, and if it's used, wear and tear.

Plus, it gives time for you to find coupons that will help with your purchase. It also gives you time to search for cheaper versions of the item through classifieds, yard sales, thrift stores, and even DIY.


If you're anything like me, you get an idea about something you want, you lock your mind onto it, and hardly sleep until you have it. BUT, if you're anything like me, you also change your mind as quickly as you set it!

If you simply wait before buying that thing that you “just HAVE to have!” you'll find that after a few weeks, you might just not want it any more! See? Just saved yourself mucho dinero. Doesn't that feel good? 


Look at it this way… The longer you wait, the more time you have to look forward to having it, which will make you appreciate it all the more. Fabulous, eh?!

This practice will benefit you in many other areas of your life, not just in purchasing products. It will make you a stronger person, a wiser shopper, and will give you patience.

Plus, these are the types of skills we should be teaching our children to stop the “entitlement generation” trend that we have created. Teaching our families that it takes patience and hard-work to get everything we want in life is a priceless lesson they will learn, that will benefit your family for generations. Can you imagine what our economy would be like today if everyone just took a deep breath and had some patience before buying something?


We have used the 3-month rule time and time again! For big-ticket items like our DSLR camera, entertainment center, and furniture, as well as smaller purchases like small kitchen appliances and dance bags. The 3-month rule has saved us in more ways than one!

Here are just a few examples:


woman looking at camera, from Fun Cheap or Free

When my son was born in 2010, it was time to buy a DSLR camera. We had been setting money aside for MONTHS (if you remember, our finances were a MESS back then). We didn't have any extra money to spare, so we pooled our Christmas, birthday, anniversary, and Valentine's gift money (from each other as well as other family members) for a year. He was due in January, so we started shopping for the camera a few months in advance. We looked at stores, online, Costco, you name it.

Taking our time before buying it, we learned that if we were patient, then we could take advantage of an additional rebate AFTER Christmas at Costco. We almost purchased the camera elsewhere because we calculated that the price would still be higher at Costco. But upon further research, we learned that the Costco camera included a bag, second lens, and a killer repair policy.

Their RETURN policy had been shortened, but because we bought the camera with our American Express credit card, Costco and AMEX would repair the camera for years. And guess what? Over one year later I broke the camera, and they fixed it for free!


We used the 3-month rule to buy our entertainment center for our new house. We had a furniture budget when we moved in for couches, a bedroom set, and entertainment center. The entire 18-months we were house-hunting, we had been setting money aside.

However, once we moved in we still abided by the 3-month rule even though we had the money set aside. Because we waited for a few more months before actually buying any furniture, hard to do when you have the money sitting in a bank account!! We found great deals on our furniture, and ended up having money leftover for a few accent chairs for our formal living room — an unexpected benefit!


We used “the rule” to buy our play set, but we had to set money aside for longer than three months. After doing our research, we saw the perfect play set at Costco for a little over $1,000. We took time to price-compare online and at other stores, and found that it was by far the best value. We didn't buy right away though, we told ourselves we'd wait another few months, just to be sure. This is scary because things at Costco don't stay long, but we learned that patience pays off.

A few weeks later I went to Costco and the play set had dropped to $799! We jumped on the deal, bought it with the money we had set aside, and saved even more money by assembling it ourselves. We felt great when we went back to Costco a few weeks later and it was back up to $1,000. 


Dance bag and shoes on a counter, from Fun Cheap or Free

We have traveled A LOT with Priya and her competitive dance. I knew we needed a good bag with all of the traveling and costume changes. I waited until I had gone to a few competitions before deciding on which one to get. After going into the dressing rooms and peeking around at everybody's bags, I had a pretty good idea on which one was the best. I would even shake them and ask to zip the pockets to feel the quality before finally deciding on a bag.

The one I chose never really goes on sale and there were cheaper options out there. BUT, the one I got seemed like the best quality and was worth waiting for and saving up. Now I'll have it for years, for all three of my dancers. Worth the investment!


When Instant Pots started becoming popular, I knew I had to have one! They are the definition of fast cooking, which is my style! Because of our three month rule on purchases over $100, I waited. By the time I was ready to buy, there was a sale and I jumped on it. I ended up saving money AND getting one of my now favorite kitchen appliances at the same time.


woman looking at smart watch, from Fun Cheap or Free

If you know anything about Apple, they come out with new, bigger, and better gadgets every single year. When they released the Apple Watch, my productivity loving heart about beat out of its chest. This was a hard one to not RUN and buy immediately, but I stayed strong and saved up! I still use it every single day.


Let me tell you about one of my most recent purchases that I looked forward to for a very long time! This one took some collaboration and creativity! I've ALWAYS wanted season tickets to the Hale Center, but those babies are expensive! I about fell over when I saw the price!

Instead of just purchasing it on my own, I had it on my Christmas list for a year. Bubba, my parents and my in-laws all went together and got it as my one main gift. That's how we afforded the most expensive gift that I had been wanting for an ENTIRE YEAR!


Just. Wait. That's all I can say.

Keep the big-picture in mind, take a step back, take a breath, and simply wait. The actual time frame is not as important (though, certainly wait at least three months for best results). What's key is the art of looking before jumping.

So there you go! When it's time to purchase something “big” that doesn't fit within your standard monthly budget, wait three months!

You'll be happy you did, just wait and see. 🙂 

This rule is REEEEEEEEALLY simple. Almost embarrassingly simple. But, it works!

As you can see, it IS possible to be frugal, live on a budget, and still be able to buy things — nice, quality, and even BIG things — responsibly! What have you saved money on by waiting at least three months before buying? Share your wins with us in the comments!

Image with text that reads "the 3 month rule" from Fun Cheap or Free

Don't forget about my Secret Sauce online budgeting program, Budget Boot Camp! BBC is a super fun 27-video program that makes money easy to understand. All you need is a screen and you're set!

If you don't save at LEAST what you paid for the program, I'll refund every dime. You've got nothing to lose (except your debt)! Use the code FCFBLOG to get an extra 10% off, because I love you 😉

Want some of our other best ways to save money?

Happy savings!

Jordan Page Signature from Fun Cheap or Free


  1. Jessica Jecker


    Thanks so much for this idea!! I really love it. It is simple and it’s perfect. I will def. keep this in mind and start using the 3 month rule. I also love your spending priority list.! That is SO helpful. I look forward to sharing your tips.

    -Jessica Jecker (Aloha, Oregon)

  2. Jennifer

    Great post! I am going to put the 3 (or 6 or 12) month rule into practice. Also I think your cabinets would look AMAZING white!

  3. Michelle

    This was just the post I needed. I’ve been trying to get some home items for ages but have never felt justified or felt like I could since for the past few years we have lived paycheck to paycheck. This is such a great idea to split it up into 3 months and save, and to put things on priority too. I’m excited to try it out.

    • FunCheapOrFree

      Awesome, let me know how it goes! Thanks for reading XO

  4. Beth Moore

    Great post, Jordan! I have pretty much operated this way, but will now be talking with my hubby about making it a hard and fast rule. And, like you said, I actually love the process and appreciation found in”building” a room, home over time

  5. rosalba


  6. Nonya

    UNLESS…something breaks and you need to replace it immediately.

  7. Katelyn

    I love this rule! I didn’t wait quite three months, but I just bought a Bluetooth stereo. I spent a couple of days doing all kinda of research, and then waited a month. I ended up using gift cards and finding it on sale! ??

  8. Heather B

    It’s such a good point that things often go on sale within three months!

    • Roberta L Barnhart

      Especially if it’s my mom doing the buying. She has a knack for finding just what she wants, at the price she’s willing to pay. Her magic works whether she’s shopping online or browsing a thrift store. 🙂

  9. Krista Sidhu

    Love this post! I love waiting to purchase big ticket items because we usually end up getting things on discount or finding another way to save more money on it

  10. Amphasis

    Lovely article, I totally agree you need time to find the best deal, just be patience and do not do jump into buying something. I think 3 months is a good time for you to save up and do some research before you buy anything.

  11. Heather

    I just wanted to give you a shout out and a virtual pat on the back. I am so glad I found you on Pinterest, and now follow on Instagram! You break things down, make them less overwhelming, and something I understand. There are a lot of finance blogs out there, and a lot are very confusing and stressful to even look at it and have a die hard attitude that just pushes me away from wanting to get my finances on track. I have a loose budget right now, but I am hoping after reading more of your posts, that I can finally get our budget and finances on track and we can get to where we need to be. Thank you!

    • FunCheapOrFree

      Yaaaay! So happy to hear that! Thank you for your kind words Heather!

  12. Roberta L Barnhart

    I didn’t have a hard and fast rule about waiting 3 months, but I do research what I’m buying. I needed a new (to me) tablet cos my old one just wasn’t cutting it any more (I got it from my brother about 5 years ago, and he had used it for a few years before he upgraded. Electronics age in dog years, so yeah.) I researched and decided that the Samsung Galaxy S6 was the one I wanted, and it cost a little less than $300. I watched Ebay and Amazon for awhile while I saved up the money, but when I got a $600 stimulus check, I pounced on that puppy!

    • Fun Cheap or Free

      Way to go!



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