Do you ever walk into a store with your list of three items and come out of the store with a cart full of stuff? It happens to the best of us. I am getting better at not buying stuff as I have some pretty hefty saving goals right now. Here are 5 surefire ways to stop impulse buying that work for me.
5 Surefire Ways to Stop Impulse Buying
Have an accountability partner regarding your money. If your married, your spouse can be your accountability partner. If you are single, choose a trusted friend that has great money habits. This especially works for my husband. I give him a gas budget and for one week I tried the envelope system with him and he spent some of the cash on junk food. He shared with me what he did since I found the receipt, but said not to give him cash again. He would rather have the card since he knows I will look at the account and then get upset if he spends foolishly. Sometimes the envelope budget works, sometimes it doesn’t. Do whatever works for you.
Make a 24 rule regarding purchases. Make a rule to not buy anything outside of your normal expenses unless you have waited 24 hours. In those 24 hours research what product you want to buy. Read reviews, check price points, and really decide if you really NEED that item.
Make a list and stick to it. Lots of people make lists, fewer people bring them to the store, and even fewer people stick to the list. Sticking to a list is one of the most simple ways to stop impulse buying. This applies to both grocery shopping and other shopping adventures. I think the worst for me is a home improvement project. I go in for a couple things and then end up spending much more because I was inspired by designs at the store rather than my original design.
Limit your shopping time. If I have my list, I know shopping should take me a certain amount of time. Usually going down extra isles, looking for sizes and styles, and chasing rabbit trails takes time.
Avoid emotional shopping. Some people eat when they are bored and some people shop to improve their mood. I know I do it sometimes and then regret the money I spent, even if it was a great deal. A budget is a budget for a reason. Instead of retail therapy, try art therapy or time with friends therapy. I love the adult coloring books!