Avoiding Impulse Spending

Answer the following questions as truthfully as you can:

1. Does your partner accuse you of being spendthrift?

2. Are your credit card bills higher than you expected and there are spiraling monthly charges that seems to be never ending?

3. Do you have more footwear and change of clothes in your closet than you could ever possibly wear?

4. Do you own every new gadget before it has time to collect dust on a retailer’s shelf?

5. Does the glitzy display of products in a store always gets the better of you?

6. Do you regularly buy items that do not exist on your shopping list?

7. Do you promote keep-up-with-the-Joneses mindset?

If you answered “yes” to any two of the above questions, you are an impulse spender and indulge yourself in retail therapy.

A word of warning may not be out of place here. If you do not control your urge to spend immediately, you are asking for financial trouble in near future. You may not have enough for a new car, a wedding in the family, children’s education or even your retirement.

What is at stake is not only your financial future but also your relationships and peace at home. You got to put your habit of unplanned spending on a tight leash.

Media blitz bombards us round the clock, day in day out. A savvy person is the one who does not get carried away with them maintains a tight control on his purse.

When you go shopping, make a list and take only enough cash to pay for what you have planned to buy. Leave your credit cards at home.

No matter how savvy your control is on your purse strings, there will be occasions when you will have to pick up a product or service for convenience or comfort. During such times ask yourself the question, “Can’t I manage without it?

Learn more about how to pay off debts and build a worry-free future. Stop by Surin Fallon’s site where you can find out all about money matter and what it can do for you.