The Art of Beating Impulse Buying

Depending on the severity of your impulse buying, it can cause you to end up with things that you don’t need, prevent you from paying your bills on time and even lead to serious financial difficulties. When it comes to good financial habits, kicking impulse buying once and for all is something that it is worth taking the time to do. In fact, you may not even think of yourself as an impulse buyer but how many times have you ordered that dessert when you weren’t hungry or a coffee that you didn’t really need? These may seem like small expenditures, but they all add up over time. So, let’s look at a few ways in which you can cut your urge to impulse buy and enjoy the financial rewards that come with it.

Set a Waiting Period Before Buying Something You Want. Instead of impulse buying something the moment you see it in a shop, set yourself a waiting time limit so you can really weigh up your decision properly. A week is probably a good starting point. After this period, a lot of the time, the urge will have disappeared. If not, you have at least given yourself the opportunity to think about the financial implications of your purchase and you are much less likely to regret it.

Don’t Bring Your Credit Card with You.

When you go out shopping, you could try not bringing your credit card along with you so you can’t buy that expensive item without spending cash. There is something that feels much more real about handing over the money rather than a piece of plastic. Credit cards are things to beware of anyway as if you are not careful with them, they are a major factor in damaging your credit score. Take a look at if this has happened to you. Reserve your cards for the more important payments in your life.

Avoid Temptations. As much as possible, you should avoid putting yourself in situations in which you are likely to be tempted and want to impulse buy. So, don’t go into shopping centres unless you really need to. Even if you do decide to go in, make sure that you don’t make any impromptu trips to the stores that you hadn’t planned on visiting. Also, you should avoid online retail sites. If you are registered to any of these, try disabling any ‘one click’ or simple payment systems to give you more thinking time about your purchases.

Dig Out Previous Impulse Buys. Try digging out a few purchases which you have made on impulse in the past and gather these all together. It is likely that there will be a whole range of things which you no longer use or which you have never used. This can act as a great wake up calling in showing you how much impulse buying has cost you in the recent past! 

Post a Comment



The ZOO banner 3