5 Smart Spending Habits to Avoid Impulsive Buying and Overspending
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Image Source: Canva
1. Understanding
Psychology of Impulse Buying
Understanding the psychology behind impulse buying is the first step toward curbing this habit.
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Image Source: Canva
2.
Creating a Realistic Budget
Start by tracking your expenses and identifying areas where you tend to overspend.
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Image Source: Canva
3.
Practising Delayed Gratification
Always challenge yourself for a certain period (such as 24 hours or a week), when you feel the urge to make an impulsive purchase.
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Image Source: Canva
4.
Make a Shopping List and Stick to It
Always create a shopping list before visiting the store or while purchasing online and stick to the list.
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Image Source: Canva
5.
Practising Mindful Spending
By adopting mindful spending habits, you can avoid regretful impulse purchases and prioritize meaningful expenses.
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