When impulse buying comes what should you do?

It can be hard to resist the urge to buy something that you see when you're out and about, especially if it's on sale. However, impulse buying can lead to regret and more money spent than necessary.

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If you are prone to impulse buying, there are some things you can do to help yourself avoid it while also saving your money. One thing is to always carry cash in your wallet or purse so that you don't have to spend anything on impulse purchases. Other ways will be explained subsequently;

Always pay with cash

There are many benefits of using cash. It can help you resist impulse buying, it can help you save money, and it can also be a great way to learn about your spending habits.

If you want to resist impulse buying, use cash for all of your purchases. You should not use credit cards because they are convenient and offer convenience when it comes to paying.

In addition, if you want to learn about your spending habits with cash, track what you spend with the coins in your wallet over a week or month.

Reduce shopping in groups

Peer pressure can make you buy things you don't need, so to help you resist impulse buying, reduce shopping in groups.

Many people find it difficult to resist the urge to purchase something they see in a store. This is especially true when they're shopping with friends or family. But, if you want to keep your wallet full and your bank accounts healthy, then it's important to resist the urge and not shop when surrounded by other familiar shoppers.

Stay away from the clearance sale section

The clearance sale section is one of the most challenging parts of shopping for a bargain. It is not uncommon to find items that are either too good to be true or too new to be discounted.

The clearance sale section may seem like a great place for shoppers, but it leads to impulse buying and overspending. The percentage cut or slashes in the clearance sale never quite make up for what you would have spent otherwise.

The best way to avoid impulse buying is by staying away from the clearance sale section altogether.

Make your financial obligations a priority

It is important to have a financial plan and to prioritize your financial obligations. And there are different ways that you can use technology to help you with this goal.

Technology has given us a lot of tools to help us stay on track with our finances, but it also allows us to fall off the wagon. So, we need to be mindful and aware of what we are doing when we are using these tools.

Automatically sending your money from your checking account into your investment accounts is one way that technology can help you resist impulse buying. By automatically transferring money from checking into investment accounts, you will never see that money again - so it's harder for you to spend on impulse purchases.

Another way technology can help is by automatically paying off bills, debt, and other financial obligations. This makes it harder for you to access funds when your impulse-buying spirit kicks in.

Conclusion

When impulse buying comes, you must take a step back and think about what you need.

If you are in a situation where you need to buy something right away, try to find out the best price for the item. If there is no price comparison tool available, use your phone's camera to take a picture of the product and compare it with similar products on other websites.

It is always better to wait than impulsively buy something that you don't need while throwing away your money.

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