Avoid Impulsive and Compulsive Spending In 7 Ways
According to Forbes, impulsive spending means when you buy something you weren’t planning on getting. Imagine walking into a shop, and you get free perfume samples; you weren’t planning on making that stop but ended up buying a new fragrance. That’s impulsive spending.
Impulsive spending is usually harmless. Compulsive spending is more of an uncontrollable urge to buy things you don’t need and spend money on them without considering the budget. It leans more in the direction of a shopping addition, where your brains get a dopamine hit when you buy something.
Seeking happiness and peace in material items is one of the biggest reasons people show compulsive behavior. Compulsive buying is often used as an outlet to sate these urges and feelings. And before you know it, this shopping behavior becomes an addiction.
These are some of the methods you can use to avoid acting on impulse, and if you believe that your problem is a lot more serious, please, we advise you to get professional help.
Realizing You Have a Problem
To manage this, you need to keep track of your spending habits. Do you make rational buying decisions? Do you know what you want vs. what you need? Can you stick to the budget that you set for yourself?
Take Back Control of Your Finances
Are you shopping because of your emotions? Do you get excited when you see a deal? Or do you have the urge to go with the latest trends to belong? Ask yourself what the valid reason for your behavior is and take back control.
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