We’ve all had the experience. It’s only two weeks into the month, and you’ve almost gone through your entire budget. Now you’re facing two weeks of beans and rice just so you have enough gas in the car to get to work.
Sure, there might have been unexpected things that occurred and caused you to spend all of your money. Now you never expected that an unexpected relative would need to spend the weekend with you, or that your pet would get sick and require a vet’s care. While these are definitely a few monetary drains you can blame your lack of funds on, you and I both know they aren’t completely to blame. What really drained your account is your impulse buying.
Whether you are at the grocery store, at the mall, or simply surfing the web, impulse shopping can be detrimental to your budget. Before you make that next unneeded purchase, use these helpful tips.
Tips to Curb Impulse Buying
Make a List – Before you go to the grocery store, the department store, or the mall, make a list of the items you need. The items in your list must be those that you truly need. Once you are at the store, don’t get attracted to other items based on their coupons and prices. Use your list. For instance, you had planned to purchase a pair of shoes and a package of socks, don’t look at the price of jean and sweater because of the clearance sale.
Work With Time – The longer you stay in the store the more you will find unnecessary items and place them in your cart. You must time yourself while in the store and once your time is used, checkout. To this end, you must be careful how you manage your time while in the store.
Don’t Shop When You’re Bored Or Hungry – If it is a grocery shopping, eat first. If you are hungry, the food you don’t need to purchase is going to look ten times better than it would if you were full. You must therefore eat at least one hour before you shop. When you are bored, it is likely that you will have unnecessary items in your cart as well. Shopping shouldn’t serve as an entertainment when you are bored. You can alternatively play a game, go for a run or do some other activities instead of shopping your money away on unnecessary things..
Stick to a Store – When shopping in malls and departments, there are always several stores and choosing the wrong ones might get your cart filled with items you didn’t really intend to buy. When you visit stores like this, try to stick to the department or store that carries the items you need. You might be out for an impulse buy if you decide to browse through other outlets.
Don’t Go Without a Budget – Using online cash flow tool like personal budgeting software has helped many people curb impulse buying. A money management software will allow you to see exactly how you are spending and on what. It can also show you how much money you have to use for the entire month. The next time you are confronted with an impulse buying decision, you can consider your budget and make an informed decision about whether to purchase it.
Be honest: Are you an impulse shopper? … If you want to curb impulse buying and improve your financial life, then use the above tips and change your money management skills and emotional control for the better.