If you want to avoid impulse buying it may feel like the odds are stacked against you. Advertisers, stores, and even your peers are masters of hypnosis. They hypnotize you into believing your long term goals don’t matter and there is nothing more you want in the world than to buy their product.
You become their puppet, disconnected from who you really are and what you really want.
Unless, you utilize the following tips …
- Limit your exposure to ads, commercials, stores, and online shopping sites.
- Ask yourself what the tradeoffs are. Would you rather have this or save for a vacation?
- Rate what you want to buy on a scale of 1-10 – we often buy things we don’t even want that much.
- Pay cash – it hurts more to hand it over.
- Give yourself a monthly cash allowance for extra spending and stick to it.
- Keep your credit card in the freezer or tape a note to it that reminds you why you want to save.
- Commit to calling a friend or spouse for items over a certain amount.
- Count to 100 while walking away.
- Imagine holding the product in one hand and cash in the other – which do you want most?
- Focus on the feeling of regret that will come later. Shopping highs only last for minutes.
- Keep receipts so that you can return items you regret buying.
- Ask yourself: Is it a want or need? Is it in alignment with your goals and values?
- Take a break of at least 24 hours before buying it.
- Distract yourself– try going for a walk in fresh air.
- Before going shopping set an intention for your trip and revisit your long term money goals.
Your Turn: What do you do to curb your spending and impulse buys? I would love to know. You can share in the comments below.