Overspending is somewhat similar to the habit of impulse buying that may burn your wallet sometimes. So, here are the 5 ways to stop overspending on impulse buys.
- Ask questions to yourself
Before thinking about how to stop impulse spending, ask yourself the various reasons for your overspending habit. Note down those reasons and rationally judge their relevance.
- Spend a little on miscellaneous things
Sticking to strict savings plans will not always make you happy. So, it is important to give some space to miscellaneous spendings as well. It will help you maintain a balance.
Related- Five Simple Tips To Help You Avoid Impulse Buying
- Use cash or debit cards over credit cards
Let’s just admit that cash/ debit cards saves us from a lot of regrets as compared to credit cards. So, make it a rule to carry either cash or debit card whenever you go shopping. It will help you save extra money through impulse saving.
- Set ground rules for miscellaneous spending
Give yourself some time to think and wait before actually spending that money on some unnecessary item that you can go without. Such a waiting period rule will help you make the right decision almost every time.
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- Take a break
Shaming yourself for overspending will do no good in the long-run. Instead, it will lead to self-harm and low self-esteem. The better way to deal with impulse buying habits is to take lessons from the loss try not to repeat them.
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