Are you the type that can’t help yourself when you walk past stores. This festive period that just passed, did you end up spending more than you bargained for all because you wanted it all.
If your answer was yes or maybe you have a spouse like that, that just can’t stop spending; then this is for you. Not that there is anything wrong with impulse spending, but when it starts affecting your budgets and making you short of cash for future plans then I think you should really check yourself.\
To stop needless buys, here are some things to consider:
Consider your income/ budget. Can you afford all the extras and necessary stuff? Would you end up with more of irrelevant things and less of important things.
Know what makes you over shop. Do you do it to fill an emotional void i.e to make you happy or it increases yourself worth. Identify the reasons why you do it. It doesn't have to be something negative, but the is a reason. When you can do this, then you can now address the issue.
Try abstinence. Try and go on a shopping fast! This involves giving yourself time away from that thing you always buy. It’s going to be hard but you have to try and resist the temptation to spend in excess. Self control is key here. Don’t be cajoled by ‘on sales’ they are just ways to make you spend more.
Give yourself a budget. Once you feel you have developed a certain amount of self control. Now give yourself a fixed/strict budget to work with. You are less likely to make big impulse purchases when you have a strict budget you are working with. This would help you spend wisely on other more important things. You can also save your money in programs that you won’t have easy access to just anyhow.
Before you buy anything, ask yourself this “do I really need this?” If the answer is an honest yes, and not your ‘impulse’ talking then go ahead and buy it. In the long run, this is going to benefit you because you’ll have more saved up for important things.
All the best as you fight that addiction.