Guilty Of Impulse Buying? Here’s How You Can Avoid Doing It
We all want to experience having a hefty savings account, but not everyone is able to do so. Why? Because we often give in to instant gratification, we tend to live way above our means. The consequence – a larger debt you’ll find hard to pay due to unplanned purchases piling up.
While you can put your extra money on savings, we tend to spend it on impulse buys that won’t really matter and are not even a good investment. Instead of visiting websites that aim to help us build our savings like papergrower.com, most of us would rather go to online stores to do some window shopping. The seemingly innocent browsing only leads to more temptations thus increasing your expenses.
If you are guilty of impulse buying – know that you’re not alone. According to CNBC news, an average consumer in the US spends up to $5,400 yearly on unplanned purchases. Thankfully, there are ways you can start correcting this habit.
Here’s how you can avoid impulse buying and start saving more.
Know the causes of your impulse buying.
Do you have a shopping addiction and loves buying new items? Do you fear missing out good deals and discounts? Or maybe you are one who likes to experience the latest in the market even if you don’t need that item. Knowing the cause of your impulse buying will give you a better idea on how to avoid it and see the bigger picture.
Wait it out before making big purchase
It’s easy to get tempted but harder to say no to buying that product that piqued your interest. Before you make any significant buy, take a deep breath, collect yourself and walk away. After 30 days, check to see if you find yourself thinking about that item or not. Consider the pros of having that item versus the dent it will make on your account. Practice holding back, and you’ll find it easier to walk away from the things you don’t need.
Reward yourself with ways that are free or doesn’t cost too much cash.
We are not here to work, eat and sleep all our life. You deserve to enjoy and reward yourself after a hard day’s work and achieving your goal. You can find ways to pay yourself without having to shed too much money or a single dime. Enjoy life but remind yourself that every penny matters.
Visit sites that can help you save and grow your wealth instead of online stores.
Thanks to the internet, you can now do lots of things online – including online shopping. Instead of visiting your favorite online store and waiting for their newsletters telling you about the latest offers and big discounts, go for sites that aims to change your attitude about handling your finances like papergrower.com. Changing your browsing habits can significantly affect your views towards cash, giving you the chance to improve your lifestyle and upgrade your money habits.
This list may be short, but they can definitely help you make better choices and prioritize your needs. Handle your finances responsibly and avoid impulse buying today.