We are all guilty of overspending or if you are even a miser, I’m sure you must have had the urge to overspend at one point or the other especially when you go shopping either online or just window shopping. Some people can’t just resist the urge to overspend on the stuff they love. For some people it’s clothes, for some it’s jewellery and for some people it can even be groceries. If you want to understand and learn how to resist and quit over-spending, you’re just a step from learning how to do that. This article provides the solution on how to stop overspending while shopping.
Reasons For Overspending
1. Insecure Feeling
That big empty hole inside your mind needs proper healing, because there’s no way you’ll ever fill it, no matter how much you spend shopping. It’s hungry as the dark hole in space!
2. Deceptive Good Feeling
You may experience a moment’s relief when you buy something, but the money is gone for good and what you bought will just end up meaningless the next day.
Nothing good on TV, at loose ends? You are impressed by every item you see on TV especially on celebrities. Impulse shopping can affect your budget adversely.
4. Impress others
You are trying so hard to impress everyone with what you eat and what you wear – those darn Joneses, co-workers and the cool crowd can cost you a lot.
How To Stop Overspending
1. Admit you have a problem
The first thing to do admit you have a problem of overspending and find out the reason you overspend then try to tackle the problem. If you can admit and determine what is responsible for your overspending, great. The problem is half-solved already. But If you can’t figure out any problem exists in your life, your budget will continue suffering for a long time.
2. Frugal pastimes
Generate new income sources. You can take up cooking, sewing, gardening, take a class, get fit. Avoid boredom as much as possible which leads to impulse spending.
3. Proxy buyer
Don’t go shopping yourself. You can give a friend, lover or relatives your detailed list so he/she can pick your items up when he/she goes shopping. This way you don’t get to enter the store and you avoid the temptation of overspending entirely.
4. Turn money into hours
Before you spend your monthly on that shoes, ask yourself this question “is this shoes worth the total hours I spent at work in a month”
5. Wait for three days
Before you buy that desired product, wait for 3 days before you purchase it. Before that 3 days is over, you will be able to think clearly if you should buy it.
6. Avoid “On Sale” Products that you don’t need
Be careful of the section of the stores where sales is on. If you need it and it’s on sale, you can buy. If you don’t need it and it’s on sale, go stay away!
7. Compare Prices
Compare the price of each products you want to buy in different stores before going for the cheapest one. Be careful about fake products though.
This is also very important. Always feel happy and grateful for what you have presently. You don’t have to buy extra stuff before you find happiness.
9. Avoid Paying with Credit card
Always make sure you pay with cash when you’re shopping.
10. Seek Professional Help
A pro can get you past this if you discover that you can’t help overspending despite all the efforts you’ve made.