6 Ways to Avoid Impulse Buying
Dec 01
We’ve all been there. You run into a store to pick up just one item and you’re lured in by a great deal that you just can’t pass up. Whether it’s a “buy one get one free offer’ or a 25% off sale – these impulse buys can be costly mistakes, even when you think they’re going to save you money over time.
So, how do you stay strong the next time you run into your local retailer? It’s actually a lot easier than you think if you follow our tried and true rules to take control of your spending and combat impulse shopping.
1. Wait it out. So maybe you would look amazing in those new heels. But are you sure they’re really going to make you as happy as you think they are? The simple way to
find out is to wait. Make a commitment to think it over for a week. Then, if you still think they’re a vital purchase go back for them. Or, if the item in question is on sale, give
yourself to the sale end date to go back for them. More often than not you won’t even bother.
2. Pay cash. One simple way to curb those impulse buys is to leave the credit cards at home and only pay in cash. When you do this your bank account will be instantly affected, as well as your daily budget. It’s a great incentive to spend less and save more!
3. Consider layaway. It’s not just for Mom anymore. Store layaways have made a big comeback since it allows you to really assess whether you’re willing to shell out the cash for the item over a period of time. Plus, since you’re forced to save up for the item before you can take it home, you’ll know for sure it’s worth it.
4. Compare prices. You may be tempted to jump on that 20% off deal with a particular retailer, but are you sure it’s really the best deal? Often, stores will jack up prices and then attach a sale to that higher cost so you are actually paying the same as you would at another store. Do your homework and compare prices before buying big-ticket items.
5. Know your triggers. For some people it’s a candy bar at the cash register and for others it’s a new book. Know which aisles in the store yield the most temptations and try to avoid them when you’re shopping. The old adage, “Out of sight, out of mind” really works in this case.
6. Stay out of the stores. It may sound simple but many people visit their local mall for entertainment rather than necessity. By staying out of mall or retail stores, you won’t be tempted and you may be inspired to find healthier activities. Remember, you can’t spend if you don’t shop!
Finally, ask yourself why impulse buying is such a temptation to you. Maybe you’re bored, lonely or are simply in need of a new hobby. Whatever the reason, make an effort to commit to saving – not spending!
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Maria Rainier is a freelance writer and blog junkie. She is currently a resident blogger at First in Education, where recently she’s been researching online kinesiology degrees and blogging about student life. In her spare time, she enjoys square-foot gardening, swimming, and avoiding her laptop.
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