Do you know the answer for these questions?
- Does your spouse or partner complain that you spend too much money?
- Are you surprised each month when your credit card bill arrives at how much more you charged than you thought you had?
- Do you have more shoes and clothes in your closet than you could ever possibly wear?
- You always own a new gadget every time it comes out to public?
- Buy everything, but don’t know what is it until you saw it on display in a store?
If two of these question replied “Yes”, then you are an impulse spending and indulge yourself in psychological retail therapy. Be careful that psychological retail therapy is more expensive than using several tips here.
Impulse spending will prevent you from saving money for important reason such as a house, a vacation or a new car. Financial goal must be set and resist spending money on items that isn’t important.
Impulse spending will put strain on your finances and relationships. To overcome the problem you must learn how to separate your needs from your wants. This is hard because the temptations are huge.
Advertisers show their products at us 24/7 at television, advertisement, radio or magazine. The trick is to give yourself a cooling-off period before buy anything and hold any temptation every time you see interesting items.
Every time you go shopping, make a list of everything you need and take only cash to pay for what you have planned to buy, don’t bring credit cards because it tend to make you buying something you don’t really need. And don’t forget to bring calculator to calculate everything you want to buy.
Please give yourself two weeks time to decide whether something you see is really something you need or you can easily do without it. By following this simple solution, you will mend your financial fences and your relationships.
This article is written by Irfan Ardiansah
