Impulse buying is a problem many of us are addicted to. That’s right—an addiction. Impulse is defined as “A sudden strong and unreflective urge or desire to act.” Whether you realize it or not, impulse buying has easily become an addiction for most of America. Between subliminal advertising and the latest trends, you’re bound to get caught up, unless you follow the four ways to prevent impulse buying below:
- Create a weekly, bi-weekly, or monthly budget
If you’ve been following our topics on finance, the idea behind creating a budget isn’t new to you. Budgeting is pivotal in reaching your financial goals. Creating a budget will definitely help you organize your money and prevent impulse buying. Check out our article on Budgeting here.
- Don’t go to the mall
This one is simple—just don’t go to the mall. No window shopping either. It’s the same as not going out to eat when you don’t have any money. Eat at home instead. Don’t go to the mall when you’re intentionally trying to stop impulse buying. Wear the clothes you already have, instead.
- Plan your purchases ahead of time
Planning and being intentional is important in many situations, especially finance and avoiding temptations of impulse spending. Write out items you need and how much they cost. Prepare for your purchases, but not before you do #4.
- Ask questions
You must ask yourself questions. You’re not crazy, you’re just sensible. Crazy is spending tons of money on things you don’t need. So ask yourself questions and be sensible. Ask yourself, if you really need this item? Can you really afford this item at the moment? Is it on sale elsewhere? What things are more important to save for than buying this item?
If you follow these four simple steps, you will learn to purchase more wisely and be more effective in saving your money for the more important purchases.