Impulse purchases can wreak havoc on our finances, but we’re all prone to making them from time to time. If you feel like things are getting out of hand and you’re buying things on impulse more often than you should, these five tricks and tips will help you get back on the right track.
Have a List
Impulse purchases are more common when you don’t know what you’re shopping for. That’s why it’s always a good idea to shop with a list, thus keeping the focus on the things you actually need.
Shop With Cash
Shopping with your credit and debit card is a tricky business because you won’t feel like you’re actually spending money while shopping with cash can help you keep things under control.
Think Twice
Instead of buying things in a moment, take some time to think about how can you use them and what you need them for, thus avoiding the items that you can do without.
Big Purchases
Shopping impulsively is all fun and games when it comes to small trinkets, but it’s a huge no-no when it comes to big purchases. Always take some time to do your research and compare prices so you won’t spend a fortune on something you’ll regret later.
Avoid Online Shopping
Impulse purchases are more common when you’re shopping online because the money you spend doesn’t feel real, so try to avoid it whenever possible.