Impulsive spending can cause a great deal of problems in your life if you are one who shops out of control. Spending too much money on things that aren’t needed can create difficulties in relationships, families, personal finances, and friendships. Impulse spending is considered almost an illness when it begins to take over your life and cause troubles that stress you out. Taking control over your spending can help ease the stresses created by impulsive shopping. Here are some tips, including using Emma App to put a stop to impulse spending and get back the life you had before spending money made you feel so helpless.
Figure out what it is that makes you spend money so impulsively. Are you unhappy with your life, your partner, your living situation, family, or friends? Do you feel depressed and shopping makes you feel better for the moment? Make a list of reasons why you impulsively spend money on things. Try to pinpoint what it is in your life that is creating this need to spend money on items in an impulsive manner.
When shopping for items such as clothes, groceries, or household items, think about what you really need before you spend impulsively. Do you really need another purse, that pair of shoes, or another blender? Or is it the immediate thought of buying that item that makes you feel good? Think about the things your purchasing before you spend money impulsively on something you do not need. Be sure that the item you want is something that you’ll use and have had a need for. If not, put the item back. If you really truly find yourself wanting it later, you can go back for it then. Often times you’ll find that when the item is out of sight, it is also out of mind.
Talk to friends and family about your spending habits. Do they think you have an impulsive spending problem? How do they view your money habits? Listen completely to what they have to say even if you don’t want to hear it. The things your friends and family tell you about your impulsive spending may hurt, but you need to listen. Others on the outside of a situation can see much clearer than we can see inside ourselves. If impulsive spending has created issues in your family life, friendships, finances, or with your personal life, then it may be time to listen hard to what others are trying to tell you so that you can see it for yourself.
Put yourself on a budget to curb impulsive spending habits. Enlist the help of friends and family if you need to. Get a hold of your finances before they control you so that you can get out of debt and fix troubled relationships that have been harmed by your impulsive spending. One practical way that you can regain control of your spending is by using the Emma App, this clever app links with your bank accounts and monitors your spending.
Use Emma to:
● Manage your money in one place.
● Avoid overdrafts fees.
● Find and cancel wasteful subscriptions.
● Set budgets and track spending.
● Help you payoff debt.
● Keep your credit score in shape.
● Save money every month.
● Track and find bank fees.
● See how your money progresses over time.
● Countdown paydays and know when you get paid!
● Receive notifications when you get a refund back, your direct debits are paid or your salary is in the bank!
I have been using Emma and it is sobering to see where I am spending without really considering my habits. I spend so much on clothing when in reality I don’t need that much. Having the app on my phone makes it easy to track my spending and it is holding me more accountable. I would encourage you to download the FREE APP and link up your accounts to see what you are spending and how you can save instead. Maybe you have a savings goal and Emma can help with that. Link up now and let me know what you think of the app.