Everyone is busy doing one thing or the other to make money.
But it is always surprising that after going through all the stress for the
month, people spend their paycheck or allowance as soon as they get it then end up borrowing or taking advance on pay
. It means you are addicted to spending and you have to curb that excessive
spending habit. Shopping can be like a drug, it makes you feel good, and it's
addictive. People, who have an uncontrollable spending problem, always have a
feeling to spend excessive amounts of money on items and services that are
unnecessary in their lives in an attempt to accomplish an inner emotional
desire. Here are some tips to help you manage that addiction.
1) You have to be able to take care of
your needs first, and then save, before budgeting for your wants. Spend stuff on what you actually need. Don't
make spontaneous purchases when out on a casual day. When thinking about buying something, ask
yourself whether you actually need it, if you're going to use it, if you just
want it, or if it's just going to sit in your closet.
2) Have control:
When you go out shopping be able to control yourself. Buy what you need at the
moment. People with spending addiction always have the notion that some items
might not be available in the shops when they need them so, they tend to buy
what they don’t need thereby tying down money that would have been used for
other things. Whatever
the underlying issue may be, come to terms with it and learn how to deal with
it so it doesn’t control your emotions so strongly.
3) Let go of peer pressure: Some people are influenced by the approval of their friends,
and try to put up a face that they can afford what their friends purchase. You
have to stop living in that dream. If your friend earns more than you there is
no way you can compete with that. Be real to yourself and be who you are. If
your friends can’t be humble enough to mingle with you the way you are then
they are really not your friends.
4) Put a little cash in your wallet to
avoid spending unnecessarily .If you're out with all your money in your wallet, you'll be tempted to
spend all of it at once.
5) Make a budget whenever you receive your
pay and try to work with it strictly. Make a goal of how much you actually want to save each month.
And Keep track of all your
purchases or transactions and how much you spend.
Obsessive spending can result in serious debt problems!!!
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