November 24, 2017

5 Effective Ways to Stop Impulse Buying

Are you a shopaholic? Do you often buy things that you don’t really need? If you are, then you should probably stop it before it’s too late. Impulse buying can lead to financial problem if not controlled. Before it gets worse, here are some shopping tips to overcome impulse buying:

Don't go to the mall if you don't need to buy anything

Retail stores employ a wide range of marketing tactics to attract customers. Chances are, you’ll end up buying what they offer even if you don’t really need it.

1. Create a budget

This is one great way to minimise your expenses. But it does not stop at just knowing what you can spend. What’s more important is to stick to your budget. Decide and commit to only spending the money that you have. If you own a credit card, it may be better to leave it at home to avoid being tempted to spend.

2. Use cash only when purchasing/shopping

Avoid using your credit card during a shopping spree unless you have a planned purchase and you also created a plan on how to pay it off. According to experts, people tend to spend more money when using a credit card. So when planning to go to the mall, leave the card behind and just spend the cash that you have.

3. The 30-day rule

This shopping tip is hard to follow especially for impulse buyers.  If you feel like buying new clothes or top-of-the line gadgets, wait for a month before buying the items. If you still want to buy even after 30 days then go ahead. In some cases, people tend to forget about the items, meaning they don’t really need to purchase them.

4. Don’t go shopping when you’re upset

In many cases, emotions get the best of us that we go shopping as an outlet of our stress and frustrations.  Break that habit. Instead, find something else to keep your mind occupied. Do some arts and crafts, listen to music, read a book or talk to friends.

5. Don’t let marketing tactics lure you

Retail stores employ a wide range of marketing tactics to attract customers.  Chances are, you’ll end up buying what they offer even if you don’t really need it. Avoid going to shopping malls and shops if you have nothing to buy to avoid impulse buying.

Spending our hard-earned money is not a bad thing. It’s one of the main reasons why we work so hard in the first place. What we need to avoid is impulse buying. It will only lead to spending money on things you don’t need. Keep these tips in mind so you can stick to your budget and avoid impulse buying.

Got other shopping tips on how to avoid impulse buying? Share your ideas in the comments section.

About the author  ⁄ Marxa Dillan

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