Preventing Impulse Spending

Respond to these questions honestly:

1.) Is your partner or spouse complaining when you spend too much money?
2.) Are you being startled by your credit card bill arriving each month with more amounts that you had expected?
3.) Are there more clothes and shoes in your dressing room or closet that you can wear?
4.) Do you possess every new device prior to the time that it accumulates dust on the seller’s shelf?
5.) Are you buying thing that you are not aware of wanting them until you saw that they are displayed on a store?
If you had answered “yes” to at least two questions above, then you are an impulse spender, thus you need to deal with retail therapy.
This is a bad thing. It will stop you from keeping money for the necessary things like a shelter, a new vehicle, a break or retirement. There is a need for you to set some monetary goals and restrain from spending money on things that are not really important at all.
It is not only your finances that can be damaged by impulse spending, but also your relationships. In order to solve the problem, the first thing that you must do is to separate your wants from your needs.

Advertisers are bombarding us with their products hawking at as 24/7. The solution is to allow you cool off first before buying anything unplanned.
Every time you go shopping, have a list and bring only enough money to pay for the things that you had planned to purchase. Leave behind your credit cards at home.

If you spot something that you think is very important, allow yourself to decide for two weeks. By abiding with this simple solution, you will be able to fix your relationships and financial fences.