Answer these questions truthfully:
1.) Does your spouse or partner complain that you spend too much money?
2.) Are you surprised every month while your credit card bill arrives at how much more you charged than you guessed you had?
3.) Do you've more shoes and clothes in your closet than you could ever possibly wear?
4.) Do you own every new gadget before it's time to collect dust on a retailer’s shelf?
5.) Do you buy things you did not know you wanted till you saw them on display in a store?
Whenever you answered “yes” to any two of the above questions, you're an impulse spender and indulge yourself in retail therapy.
This isn't a good thing. It will prevent you from saving for the important things like a house, a new car, a vacation or retirement. You have to set some financial goals and hold out spending money on items that really do not matter in the long run.
Impulse spending won't only put a strain on your finances but your relationships, as well. To overcome the problem, the first thing to do is learn to separate your needs from your wants.
Advertisers blitz us hawking their products at us 24/7. The trick is to give yourself a cooling-off period before you purchase anything that you have not planned for.
While you go shopping, make a list and take only enough cash to pay for what you've planned to purchase. Leave your credit cards at home.
Whenever you see something you think you really need, give yourself fortnight to decide if it's really something you need or something you are able to easily do without. By following this simple solution, you'll mend your financial fences and your relationships.
1.) Does your spouse or partner complain that you spend too much money?
2.) Are you surprised every month while your credit card bill arrives at how much more you charged than you guessed you had?
3.) Do you've more shoes and clothes in your closet than you could ever possibly wear?
4.) Do you own every new gadget before it's time to collect dust on a retailer’s shelf?
5.) Do you buy things you did not know you wanted till you saw them on display in a store?
Whenever you answered “yes” to any two of the above questions, you're an impulse spender and indulge yourself in retail therapy.
This isn't a good thing. It will prevent you from saving for the important things like a house, a new car, a vacation or retirement. You have to set some financial goals and hold out spending money on items that really do not matter in the long run.
Impulse spending won't only put a strain on your finances but your relationships, as well. To overcome the problem, the first thing to do is learn to separate your needs from your wants.
Advertisers blitz us hawking their products at us 24/7. The trick is to give yourself a cooling-off period before you purchase anything that you have not planned for.
While you go shopping, make a list and take only enough cash to pay for what you've planned to purchase. Leave your credit cards at home.
Whenever you see something you think you really need, give yourself fortnight to decide if it's really something you need or something you are able to easily do without. By following this simple solution, you'll mend your financial fences and your relationships.
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