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Avoid Impulse Spending
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September 26th, 2009Avoid Impulse SpendingAvoid Impulse Spending
Answer these questions truthfully just “YES” or “NO”
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1.) Do your spend too much money and your spouse or partner complain about your impulse spending
2.) When your credit card bill arrive each money, are you surprised each month, at how much you charged on your impulse spending?
3.) Do you have clothes and such in your closet that you could not possible wear ?
4.) Do your purchase new gadgets before it has time to collect dust on a retailers shelf all because of impulse spending.
5.) Do you purchase things you didn’t know existed until you saw them on display in a store? Yes to any two of the above. —impulse spender and indulge yourself in retail therapy.
This certainly is not a good thing. This impulse spending will prevent you from savings for the important things in your life: house, car, vacation or retirement.
You need to set financial goals and resist spending money on items that really do not matter in the long run. You will put a strain on your finances if you continue to impulse spend. This will do harm to your relationships, as well.
It is very important that you learn to separate your needs from your wants and overcome that problem
Because advertisers blitz us hawking their products at us 24/7, you need to give yourself a cooling-off period before you buy anything that you have not planned for. Remember, when you go shopping, make a list and take only enough cash to pay for what you have planned to buy. Always leave your credit cards at home.
Always give yourself 2 weeks to decide , if you see something you think you really need or something you can easily do without.
If you follow this simple solution, you will mend your financial fences and your relationships without impulse spending.rel=”nofollow”
Impulse Spending will cost you a lot of money.
Tags: cooling off period, financial goals, new gadgets, retail therapy, simple solutionRelated Reading:
