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Is the 0.01% Spending Rule Smart or Risky? A Financial Planner Weighs In
Yahoo Finance·2025-10-30 19:17

Ever agonized over buying a 40sweater?Anew,trendingspendingruleclaimstobethekeytohelpingyoudeterminewhetherornotyoushouldmakethatpurchase.Accordingtothe0.0140 sweater? A new, trending spending rule claims to be the key to helping you determine whether or not you should make that purchase. According to the 0.01% rule, if a purchase costs less than 0.01% of your total net worth, it’s considered a minor expense and can be made guilt-free. Based on this guideline, a person with a 500,000 net worth would be able to make any purchase under 50withouthavingtothinktwice.ReadNext:6ThingsYouMustDoWhenYourSavingsReach50 without having to think twice. Read Next: 6 Things You Must Do When Your Savings Reach 50,00 ...