We all know that patience is a powerful virtue. It helps us get ahead in our careers, be better parents and partners, and avoid unnecessary conflict in nearly every area of life. Patience can even save us money. Here are eight ways going zen before you spend can help your budget:

You Have Time to Check Consumer Reviews

Informed consumers are smart consumers. Patience gives buyers a chance to compare features and prices, read online consumer reviews, explore product ratings on non-profit sites like Consumer Reports, and get the very best deal possible. It may sound cynical, but some manufacturers have built their livelihoods on selling junk to uninformed “gotta-have-it-now” buyers. Don’t be one of them.

You Have Time to Decide If You Really Need It

Impatient consumers are led by their hearts and have trouble avoiding impulse spending. How many times have you purchased an item on impulse only to later ask yourself “What was I thinking?” Being patient gives you time to consider (and reconsider) if you truly need what you’re tempted to buy.

Read the article “8 Ways Being Patient Saves You Money” on csmonitor.com.