If you are like most people, you probably have bought something out of impulse. Whether it was anew shirt or piece of jewelry, it was just too hard to resist. While buying something on impulse is okay occasionally, constantly spending money on impulse can get you in trouble. Here are five tips to curb impulse spending.
Don’t Go Shopping When You’re Upset
Do not make the mistake of shopping when you are upset. If you go to the store when you are feeling sad, you are bound to buy something. You will think that buying something will make you feel better, but it will only make a dent in your wallet.
Leave Your Credit Cards at Home
If it is difficult for you to go into a store and not buy anything, you should leave your credit cards at home. For example, if you have to go to the store to buy a new coffee maker, only bring enough cash to buy that coffee maker. If you do not have any extra money, you will not be able to buy something that you don’t need.
Stop Shopping with Big Spenders
If you have a friend who is a big spender, it is best not to shop with her. If you go shopping with a big spender, she might try to convince you to buy that designer bag that you do not need. You might also get jealous when you see her purchasing so many items. When you want to spend time with a friend who is a big spender, find an activity that requires little to no money.
Give Yourself a Splurge Budget
It is okay to splurge once in a while. In fact, allowing yourself to buy something occasionally can keep you from making too many impulse purchases. Think about giving yourself a splurge budget that you can handle. For example, you can allow yourself to buy something nice once a month.
Wait a Day Before Purchasing Something
When you see something that you want at the store, do not buy it right away. Try to wait at least a day before you think about purchasing that item. If you give yourself time to think about the item, you might decide that you really don’t want to buy it at all.
If you follow these helpful tips, you will be able to stop this expensive habit in no time.
Hayley is a freelance blogger. To begin rebuilding your credit, visit http://www.lexingtonlaw.com/credit-education/credit-repair-service/. For more financial advice, visit money.cnn.com.