Tips To Control Yourself To Do Shopping And Save Money.
It may be really hard for a person to overcome compulsive shopping habits even in a sluggish economy. During times of economic downturn, it is very much required for everyone to control their spending in order to manage personal financial situation in a better way. So, if you are experiencing similar situation, here are 4 tips which you can follow in order to overcome compulsive shopping and spending habits.
1. Know why you want to shop lavishly – In order toovercome overspending habits, at first, ask yourself why you want to spend so much. Is it because you want to overcome your loneliness or you’re depressed with any other thing. Do you feel thrilled to buy items at discount prices? To overcome such feelings, you can find any healthy activity you like in order to keep yourself engaged. You can take up a hobby seriously such as, gardening – you can have your own kitchen garden and have fresh vegetables in your meal. It will also help you save significant amount of money.
2. Buy items only with cash – Often you get enticed to buy things since you know that you can use your credit cards to purchase things and in the process, max out your credit cards. To stop this, you can keep only cash and debit cards in your wallet so that you can buy things only with the cash you have or use the debit card for the purpose. You can simply freeze your credit cards except one, which you may need to use in any financial emergency situation.
3. Keep a track of what you buy – Everyday, jot down what you have spent. At the end of the month, analyze how much you had spent which you could have done without. Also, set your financial goals with dates within which you want to attain that. This will help you motivate yourself to save and work towards achieving your financial goal. You can use an online personal budget planner and pen down your expenses. At the end of the month, it will help you analyze what you have spent and where you can cut down your expenses in order to save more.
4. Do not get enticed to advertisements – It is a wise idea to avoid shopping districts and discount warehouses if you cannot control your overspending habit. While watching television change the channel when they show some advertisements. When you go for shopping, you can take a friend along with you, who can help you stick to the shopping list and never let you buy items you don’t need at present.
One great tip to control overspending habit is to set some financial goals and look at it every day and analyze what you have done in that day in order to achieve that goal. You can also consult a financial adviser to plan a suitable budget by following which you can achieve your monetary goals within a specified time period.