Ten steps to combat impulsive shopping
ARE YOU WANTING TO BREAK UP WITH YOUR ONLINE SHOPPING ADDICTION?
Online shopping has made it easier of the past year with the pandemic, however if your habit has grown into an ugly beast like mine-the packages daily at the door could be a harsh reminder that it may be time to cut back.
Impulsive shopping often kills frugality and simplicity. Moreover, it disturbs the whole budget. At times, we all have disturbed our budgets by doing impulsive shopping. But this is not the problem. The actual problem begins when someone gets addicted to doing it. It gets difficult to stop the urge to buy once he has built the desire in him.
Since the innovation of technology, nearly all stores have shifted to a digital online platform making access easier. They use a highly-capturing marketing strategy and creates eye-catching ads to attract buyers. It is easy for the sellers to catch the customer with the force of advertisement and sales. Although emotional spending gives you temporary comfort, it leads you to a financially unstable situation.
We have seen many people talking about this addiction and looking for suggestions to avoid it. So, we are here with practicable yet straightforward steps to avoid impulsive shopping. You can quickly adapt these strategies to beat the urge to buy beyond the budget.
Create a Monthly List
Make a strict rule by defining your 30 days list. Plan everything you need, you have, and you will buy this month. Strictly follow the list and set a reward for yourself at the end.
Only visit the Mall for Purpose
When you visit the malls, you get yourself surrounded by hundreds and thousands of products. Some comfy sneakers, new arrival dresses, classy watches, branded makeups, tasty food, and attractive sales capture your attention. These things promote the urge to buy. Try to avoid useless visits to the marts and malls. Only visit the mall if you need something substantial. Limit your purchase and only buy the stuff you need. Get out of the store as early as possible. Quit “window shopping”; otherwise, you will be tempted to buy unnecessary stuff.
Avoid Visiting Online Retail Stores
Just like the retail stores and malls, online shops also attract customers. They present tempting pictures to catch your money. Do not be fooled by visiting the online stores regularly. Although the online stores have made it too easy to buy anything at the doorstep, it drags a lot of money from your pocket.
Keep an Eye on your Increasing Urge
Make it a habit to monitor your desires. Take a paper and put a tally on it every time you urge to buy something. It will help you to monitor your desire. We usually do not consider this aspect, but it makes a more considerable change.
Track every penny you spend
When people let their emotional desires rule their financial life, they have no idea of their spending. It is crucial to track your spending. Otherwise, you will end up regretting every purchase. Make a diary, digital notes, or calendar of every dollar you get in your wallet and penny you spend. In this way, you will have a proper record. It will help you in evaluating the cash flow.
Remind yourself of a larger goal
Set the goals in your life and try to achieve them. For example, I’ve struggled to lose weight. Whenever something tasty or delicious comes to my screen, I remind myself of my goal. You can also ask yourself a few questions to remind the set goals. Set your goals according to the needs and keep those goals in your mind.
Plan your purchase
This is a regular practice to make a list before going out shopping. If you strictly follow the list and do not add anything with your choice, you can reduce your expense and avoid impulsive shopping. Make it a habit to plan every purchase; it will make your shopping more deliberate and less impulsive. Other than this, plan your upcoming event’s expenses properly and buy everything accordingly.
Do not use your Credit Card
Primarily people take advantage of credit cards and make unlimited purchases. If this is the case with you, try to quit credit cards. Freezing the credit card helps in this matter. You may laugh, but this technique is beneficial in leaving the habit of an impulsive purchase. Pack your credit card in a sealed cover, put some water in a ziplock bag and freeze it. Do not cheat yourself and avoid jotting the card number anywhere. After this, even if you try to make a [purchase with a credit card, you will need time to unfreeze it. This long wait will help you change your mind.
Ask Yourself Questions
Before you pay for something, ask yourself a few questions. When will I use this? When you buy impulsively, you buy without any purpose. So, before you make a purchase, look around to see do you need it or not. Ask yourself, is this purchase going to make your life better? Does it make you closer to your set goal? Have you planned to buy this? Will this item ease your life? These questions will help you decide wisely. You will evaluate the purchase properly and will buy the needed stuff for yourself. But, of course, you will have to be very honest with yourself.
Consider the after effects
Once you define your monthly goals and budget, you need to stick to them. Keeping the end goal in mind always helps. When you set goals and make purchases accordingly, you can better evaluate the after-effects. Because if you go without planning and set boundaries, you spend more than needed. It leads you to financial problems, like low to no savings in the end. You must gauge the results.
Every technique is helpful to curb shopping addiction. If you cannot follow every step, try to practice at least four to five methods. You will see the results shortly.