The Impulsive Spender spends most of their money on impulse- meaning that the purchases were not planned in advance. The purchases made are the result of the item; not a result of the emotions felt with the item. Purchases made may have unique characteristics or have an element of scarcity.
Impulsive buys are bought ‘on impulse.’ To avoid these purchases, make sure the item you intend to purchase was one you planned on purchasing that day prior to seeing the item
Make a rule that you have to wait 24 hours before you purchase something. Place the item on hold, and if you still want it and are willing to go back and purchase it than chances are you really want the item
Creating a buying benchmark, or a standard that must be met before you purchase an item. An example of a buying benchmark would be: Love item as is and love the item on me (not just a fashion trend on a mannequin) and will use it now (as opposed to after I lose weight)
The spending habits that I found in my own spending were universal to individuals that struggle with overspending. Through my research I have identified six main Spending Types that account for most of our overspending. Read more about the remaining Spending Types.
Frustrated about overspending? You just need to budget, right? WRONG! Going over budget is not a budget issue—it’s a spending issue. To deal with overspending, you need to deal with the spending habits behind your spending.
Now that you have found your Spending Type, you need to learn how to use that knowledge to curb your spending. Here are your first steps:
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