5 Sure Fire Ways to Curb Impulse Spending

 curb impulse spending

 

Have you ever spent your money on a product and later felt sorry for buying it? If so, you’re not alone. Every day, millions of people are buying things they don’t actually need. Impulse spending is a major problem that can get you into debt. If you already have extra bills to pay, consider contacting a credit counselor. However, you’ll still need to reduce your expenses and stop making unplanned purchases. 

Here are five surefire ways to curb impulse spending and manage your budget:


Make a Shopping List

If you’re an impulse buyer, then you should never leave the house without a shopping list. Whether you’re planning to buy food, clothes, or electronics, write down the things you need before going to the store. Stick to your list and avoid temptations. Plan your shopping trip ahead of time and decide where you want to go. 

Don’t Buy with Credit

According to D Thode & Associates, one of the best ways to curb impulse buying is to limit yourself to a debit card or cash. Don’t spend the money you don’t have. If you buy on credit, you can easily get into debt. There are no boundaries with credit cards. Use cash when paying for your items. It’s much harder to see your cash disappear. 

Create a Daily Budget

Set a daily budget and stick to it. This strategy works best for those who buy all sorts of things on their way home after work or school. Don’t carry more money than you need. Decide what you’re going to buy later, calculate the costs, and take only that amount with you.

Avoid Triggers

Impulse spending has psychological causes. Most people buy things they don’t need when they are stressed, anxious, nervous, or happy. Some end up spending hundreds of dollars on groceries simply because they go shopping on an empty stomach. Thus, it’s important to determine what triggers your impulsive purchases. Avoid shopping when you’re stressed or sad. Eat a snack or a quick meal before you go shopping for food. Leave your kids at home to avoid unplanned purchases.

Reward Yourself

If you manage to stick to your budget for three or four weeks in a row, reward yourself! For example, you can buy a new dress or go out for dinner. This will keep you motivated and help you manage your budget more effectively. Not to mention that you’ll save money in the long run! 

What are ways you Curb Impulse Spending? 

 

 

This is a guest post written by Karleia. Karleia is a freelance blogger and mother of two young daughters. You can follow her on Google+.

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  1. I have just one credit card, my AMEX that I use just for emergencies. I try not to impulse buy but my card is stored on Amazon and they have such great deals sometimes I just can’t help myself.

  2. These are great tips! I do the list thing, but still end up buying things off the list. I’m not too bad, but I could definitely work on myself and my tendency to overspend at the grocery store.
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