How to Stop Impulse Buying (and save money)
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Impulse buying is something that many of us struggle with. It’s that sudden urge to buy something we don’t really need, but we convince ourselves that we absolutely must have it.
Whether it’s a new pair of shoes, the latest gadget, or a sweet treat, it can have a serious impact on our finances. But, what exactly is impulse buying, and why is it bad?
What Is Impulse Buying
Have you ever walked into a store just to browse and ended up leaving with a bunch of items you never intended to buy? Congratulations, my friend, you just experienced impulse buying!
Impulse buying is the act of making a purchase without any prior planning or intention. It’s like the devil on your shoulder whispering in your ear, convincing you to buy that shiny new gadget or that adorable dress you definitely don’t need.
Retailers are experts at tempting you. From strategically placed items at the checkout line to attractive product displays, they know exactly how to entice you. And let’s not forget about the power of online shopping. With just a few clicks, you can have a package of impulse buys delivered right to your doorstep.
Why Is Impulse Buying a Problem?
Impulse buying might seem harmless and even exciting in the moment, but it can be incredibly dangerous to your financial health in the long run.
First and foremost, this type of shopping can lead to overspending and long-term debt. That instant gratification of a new purchase can be addicting, but it can also lead to a dangerous cycle of spending more than you can afford. Before you know it, you’re drowning in credit card bills and paying high interest.
Secondly, impulse buying can lead to clutter and waste. That cute dress or cool gadget that you just had to have might end up sitting in your closet or gathering dust on a shelf. And when you realize you don’t need or want it anymore, it just becomes another item donated or tossed in the trash.
Lastly, impulse buying can take a toll on your mental health. That high of a new purchase is short-lived and can be quickly replaced by feelings of guilt, regret, and anxiety. When you realize you’ve spent money you didn’t have or bought something you didn’t need, it can be difficult to shake those negative emotions.
How to Stop Impulse Buying
If you’re tired of feeling guilty every time you swipe your credit card after an impulsive shopping spree, it’s time to take control of your buying habits and learn how to stop.
1. Make a shopping list and stick to it
This might seem like a no-brainer, but how often have you gone into a store for a few things and walked out with a cart full of stuff you never intended to buy?
By making a list of the things you actually need – and sticking to it – you can avoid the temptation of impulse purchases.
2. Avoid shopping when you’re hungry, bored, or stressed
Are you more likely to impulse buy when you’re feeling hungry, bored, or stressed?
Trust me, you’re not alone.
These emotions can trigger our brains to seek pleasure and instant gratification, which often comes in the form of shopping.
So, before you hit the mall or browse your favorite online store, make sure you’ve eaten. And if you’re using shopping as a way to kill time, distract yourself with a fun activity and consider other ways to de-stress (take a nap, start a project, exercise, call a friend).
3. Wait before making a purchase
The next time you’re feeling the urge to spend money on an unplanned buy, try waiting a day or two before making the purchase. This gives you time to think about whether you need it, can afford it, and if it’s something that’ll bring you joy.
Sometimes, the initial excitement of wanting an item fades after a few days.
4. Unsubscribe from retailer emails
Do you receive countless emails from retailers advertising sales and promotions?
If so, fight the urge to click and browse their website. To avoid this, simply unsubscribe from these emails. Not only will it reduce the temptation to buy things you don’t need, you’ll declutter your inbox.
5. Use cash instead of cards
If you’re constantly making impulse purchases with your credit or debit card, try using cash instead.
When you have a limited amount of money on hand, you’re more likely to think twice before buying stuff. Plus, using cash provides a better idea of how much you’re actually spending, which can help you stay within your budget.
6. Shop with a friend
Sometimes, having a friend while you shop can help curb impulse purchases. They can keep you accountable, and provide a “sound” second opinion on whether you need something or not. Just make sure you choose a friend who won’t pressure you into buying things!
7. Practice gratitude
Finally, one of the best ways to combat the urge to impulse buy is to practice gratitude. This helps you appreciate what you already have because it shifts your attention away from what you lack.
For example, start or end your day by thinking of three things you’re grateful for, such as a comfortable bed, a good breakfast, or a beautiful sunrise. You can also look for the good in difficult situations, by focusing on the lessons you’ve learned or the strength you’ve gained.