How to Avoid Impulse Spending
Do you know the answer for these questions?
- Does your spouse or partner complain that you spend too much money?
- Are you surprised each month when your credit card bill arrives at how much more you charged than you thought you had?
- Is shoes and clothes in your closet is much more than you could ever possibly wear?
- Do you own every new gadget before it has time to collect dust on a retailers shelf?
- Buy everything, but don’t know what is it until you saw it on display in a store?
If two of these question replied “Yes”, then you are an impulse spending and indulge yourself in psychological retail therapy. Be careful that psychological retail therapy is more expensive than using several tips here.
Impulse spending will prevent you from saving money for important reason such as a house, a vacation or a new car. You must set some financial goals and resist spending money on items that really dont matter in the long run.
Impulse spending will put strain on your finances and relationships. To overcome the problem you must learn how to separate your needs from your wants. This is hard because the temptations are huge.
Advertisers show their products at us 24/7 at television, advertisement, radio or magazine. The trick is to give yourself a cooling-off period before buy anything and hold any temptation every time you see interesting items.
Every time you go shopping, make a list of everything you need and take only cash to pay for what you have planned to buy, don’t bring credit cards because it tend to make you buying something you don’t really need. And don’t forget to bring calculator to calculate everything you want to buy.
Please give yourself two weeks time to decide whether something you see is really something you need or you can easily do without it. If in two weeks time you don’t have problem without it, then you successfully beaten your impulse spending. By following these simple but hard to do solutions, you will mend your financial fences.
This article is created by Irfan Ardiansah
