Impulse spending can add up. It's so easy to buy something without thinking about it, which leads to regret later on.
Multiple $50-$60 impulse purchases can add up over time. For example, someone who makes $60,000 a year or $28.85 hourly will have worked about two hours to pay for a $60 purchase. That's a lot of work for a purchase a person may later come to regret.
Below is a great tip to decrease impulse spending.
Wait a day or more to make a big purchase.
This is a tip you've probably heard before, but it is a good one. Waiting a day or more cuts down on impulse spending, which can save you hundreds of dollars.
It gives you a little more time to think about your purchase and ensure it's an item or service that'll add value to your life.
What are your favorite tips for decreasing impulse spending?
Comments(1)