Beat that Shopaholism
Does your shopping spree burn a massive hole in your pocket? Read on to know how to get the better of that shopaholic in you.Updated: Sep 05, 2010 01:57 IST
Tired of that shopaholic in you? Read on to know how to get the better of that shopaholic in you.
Track spending trends:
Start a log at the beginning of the month. Write down everything you spend for a full month. At the end of that month, review your trends to see how much you spent impulsively. Know what you need before shopping. This cuts down on the time spent browsing, which is most often when the impulse to buy strikes.
If you do need to purchase an item, seek out a coupon first. These days, you can find a coupon for almost any product, from any retailer online. You’ll get pages full of website that publish coupons and deals..
Seperate ‘needs’ from ‘wants’:
Make every attempt to justify your purchases based on a need instead of a want. Just because you want that leather jacket you saw on sale at the mall doesn’t mean you need it – especially with four others hanging in your closet.
Friends, spouses and children can all be a hindrance on a budget-conscious shopper’s mission. The urge to splurge gets stronger around certain influences – such as shopaholic friends and crying children.
Eat before going shopping:
It sounds silly, but a lot of impulse shopping happens when people grocery shop on an empty stomach. Every thing is tempting, making shoppers more likely to buy pricier things than they would normally buy to satisfy a food craving.