Do you ever look at your bank statements and wonder “Just how the heck did that happen?”
It’s rarely because we’ve made too many lavish and ostentatious purchases.
It’s because we’ve lost track of the little things that eat into our cash flow, and make a big difference by the end of the month.
Every time you ordered pizza because you were too tired to cook.
Every time you stopped to pick up an expensive latte on the way to work.
Every time you see clothes in the store window that you just need to have, it all adds up!
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Tracking your spending, no matter how large or small, is the first step towards comprehensive budgeting.
Here are some ways in which you cab reduce ‘unconscious’ spending…
Never go shopping without a list
Whether you’re stepping out to buy groceries or treating yourself over the weekend, never set foot outside without knowing exactly what you’re going to buy.
The more vague your plans, the more likely you are to make impulse purchases.
While we’re on the subject, never go grocery shopping on an empty stomach.
Grocery stores are precision engineered to make those with low blood sugar make impulse purchases.
Go on an all-cash diet
It’s easier to spend unconsciously with a tap of a contactless card or a wave of your Apple or Google Pay.
But spending cash takes a little more thought and consideration.
Going on an all-cash diet allows you to carefully measure your spending over the week or month.
It reminds you just how finite your money is, and makes you better able to keep track of your purchases.
Rethink your attitude to sales
Sales are also precision engineered to separate us from our hard-earned money.
When we see a big red sign inviting us to enjoy “50% OFF FOR A LIMITED TIME ONLY!” we suddenly feel a compulsive need to have a product that we may never really have wanted all that much.
A “good deal” is subjective.
Just because it’s half the price doesn’t make it worth buying.
Research every purchase no matter how small
Putting a stop to ‘unconscious’ spending means taking the time to qualify every purchase.
Do you really want or need it?
Can you find it cheaper elsewhere?
What are your friends or family members saying about it?
What are customers who have left reviews saying about it?
Every purchase, no matter how small should be carefully researched to make it more of a conscious decision and less of an impulse.
Has your spending gotten out of control? We’re here to help!
When ‘unconscious’ spending gets out of control, debt is a natural consequence.
We can help you to find the right debt management solution for your needs and circumstances.
Call us today on (877)879-4770 to arrange a risk-free, zero-obligation and completely confidential callback.
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