One of the roadblocks to our financial success is overspending. Many of us can relate to this, once in your life or even until now you're still spending too much which results to regrets but sometimes we never learned from our mistakes and still repeating it.
In the present, overspending is widespread because of the wide range of things to do with your money. You can easily spend your money in just one click of your mouse, the rise of online stores make it easier for us to purchase anything. I sometimes doing it because of the great influence of social media and great marketing effort I make impulse purchasing but when the product arrive I feel disappointed to myself as I really don't need it. Same case when going to the malls, when I come home and check my purchases I realized I bought something I don't need. Many times I am still in the same situation spending too much to things that don't really matter.
Here are some tips to avoid/stop overspending:
1. Create a List and Stick to it. I believe having a list of all the things you need to buy is a great step to cut overspending. When going to a store make sure you bring with you a list of all the things you need to buy. It's not limited from avoiding overspending but also saves time. Before, I am fond of going to store without listing the things I need to buy which is not a good move. Also, make sure that you're stick to your list.
2. Start Paying Cash. I know most of us are into convenience which the debit and credit cards are made for, when using this plastic we never thought that we are already spending too much as from our mindset we can't see how our money diminish. Unlike from having cash you can see how your money decreases and creates a signal that you're already overspending.
3. Start from Small. You can start avoiding overspending by cutting the cost of your electricity. Start from the basic by turning-off and unplugging everything when not in use.
4. Look for Good Deals. As a lot of brands and products now in the market, many of this brands are offering great deals but bare in mind that when there's a good deal you don't need to make an impulse purchase.
5. Keep Busy. When we are not doing anything what always come to our mind is to go shopping or go to the nearest restaurant or coffee shop or simply to entertain ourselves. This is always happening to me, when I am not occupied, I always ask a friend to go out and here the overspending takes place as you need to eat, watch movies and other stuff. I am now learning to keep myself busy by reading books and writing.
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