Let’s face it, as women we often get carried away with shopping some of us going to far as to call ourselves shopaholics. I think this was one of the hardest areas for me to curb my spending and do an about face.
Here are five tips which may help reduce your spending.
Sleep on it
The difference of waiting one day before you purchase something can have a huge effect on whether you actually go and buy it. If you go to bed and wake up the next day your obsession with whatever the item is likely to have curbed.
Be in the right emotional state
When you are emotional whether this be angry or depressed you are more likely to splurge on impulse buys. Likewise if you go supermarket shopping when you are hungry you are also likely to spend more. If you are an avid online shopper avoid late nights where you may be tired and therefore more likely to make easy purchases.
Window shopping? Don’t try it on
If you head to the shopping centre and are only supposedly “just looking” don’t try the clothes on. If you are only just looking it means you don’t actually need anything and by trying it on you are more likely to buy it.
Take a tightass friend with you
Think of this one as your internal devil and angel. I have two types of friends-spendthrift ones who when shopping encourage you to buy everything under the sun whether you need it or it looks bad and frugal ones who will be very upfront and sometimes forceful in not letting you waste away your money. The second one is definitely the partner you want to go shopping with if you want to reduce your spending.
Count your dollars as calories
This tip comes from financial author and blogger Jean Chatzky who says one of the best ways to curb spending is to count dollars like calories. Probably all of you have been on a diet at some point where you count every calorie in every piece of food you are about to eat. If you think about every dollar you spend in the same way you will start to see what she call the “fat in your spending” thus making you more aware of the dollars leaving your wallet.