7 Useful Tips To Stop You From Impulsive Buying
By saving around $25 every day, we can accumulate our savings to $9,000 in a year! This is a very eye-opening situation! Small daily purchases can easily add up and become large amounts of money over time. You do not realize it at first, but when you do the math -that’s where it hit you in the face! Our small spending could lead to very big savings if we manage it right.
We usually do not pay attention to small spending. We buy coffee from Starbucks every day, spend money buying unnecessary things from the grocery store, eat out with friends, and on top of all of that we still made time to waste more money through online shopping
Most of the time all of the things that we buy are crap. Just another day of impulsive buying. This not just affects us financially -but also causes danger to the environment. Do you know that household trash is one of the biggest contributors to landfills? Household waste not only has impacts on human health but also can increase the risk of contaminating wildlife’s habitats.
Start to be more mindful with your shopping spree, and here are a couple of tips to stop you from buying things you do not need!
Set a financial goal
You need to set a goal for your savings. What kind of thing do you want to buy with the money you save? You can plan to use the money to travel, or buy a new car, furnish your house, or any other thing that you’ve been dreaming of. By putting a lot of thought into this, it will help you to not just have a bigger picture, but also visualize what you want and thus make you feel good to save money. You will be more strong-willed to resist temptation because you know you are saving up for something a lot bigger.
Figure why you need to buy it
Analyzing why you have to buy every product, will help to reign your shopping spree. You become a lot more conscious, because after analyzing you realize –you don’t need the crap in the first place. You probably buy it just because you are bored or lonely. Most people also buy a product because it is discounted, and they feel good about buying a product at a lower price. But think again, do you need that? Or is it because you get affected by the shop’s marketing strategy?
Find ways to fulfill yourself outside of shopping
Shopping can give you an adrenaline rush and make you feel happy, it’s an addictive feeling for some people. When you start to become more economical, it will be good if you try to find a new hobby that could make you do something productive. You can use your extra time to do your hobby, instead of going to the stores.
Consider minimal living
Minimal living is where you start to do everything less. Less buying and less having possession. You can practice minimalism by buying fewer items for your home, so you have less to clean. When you start thinking that you need to buy something for the house, try to consider –whether you need it or not?
For example, if your carpet is dirty and you start thinking that you need to buy a new one, you can instead opt to clean it up. There are many ways to remove carpet stains that you can find online, you just need to browse them on the internet.
Utilize a cash budget
You need to make a budget and stick to it if you want to be more conscious of your shopping. Having a budget can help you to prioritize what you should buy and where your money should go. Utilizing a cash budget can help you know how much money you will need every month or week, and how much money you can save.
Rent instead of buy
Not only will it help the environment, but it will also be a wonderful strategy to tighten your budget. Nowadays there are many places that we can rent for anything that we need, from home appliances, to baby needs, and you can even rent clothing if you need it for special occasions.
Being grateful for the life you have can truly change your perspective on many things. Take some time to consider what you have, and understand that you do not need to add any more –because it is enough. Many people out there can even fill their basic necessities, whereas you spend too much money on something you don’t even need. This change of way of thinking can make you realize that you do not need to shop for something that is not crucial.