Subscribe Feed (RSS)Answer the questions listed below in a truthful manner:
1. Does your partner accuse you of being spendthrift?
2. Are your credit card bills higher than you expected and there are spiraling monthly charges that seems to be never ending?
3. Do you have more shoes and clothes in your closet than you could ever possibly wear?
4. Do you own every new gadget but never have the time to use it?
5. Do you buy that you want or you buy things that are displayed in a store?
6. Do you buy things that you do not intend using in near future?
7. Do you approve and follow the adage, “Keep up with the Joneses?”
If you answered “yes” to any two of the above questions, you are an impulse spender and indulge yourself in retail therapy.
This is not a good thing. It will prevent you from saving for the important things like a house, a new car, a vacation or retirement. You must set some financial goals and resist spending money on items that really do not matter in the long run.
Impulse spending will not only put a strain on your finances but your relationships, as well. To overcome the problem, the first thing to do is learn to separate your needs from your wants.
Media blitz bombards us round the clock, day in day out. A savvy person is the one who does not get carried away with them maintains a tight control on his purse.
When you go shopping, make a list and take only enough cash to pay for what you have planned to buy. Leave your credit cards at home.
There may be times, however, when you think you must buy a product or service. Before you go and get it, ask yourself this question, “How is it going to help me or my family? Do we really need it?
Want to find out how you can control your impulse shopping and get out of debt, then visit Surin Fallon’s site on money does matter and script your financial success.
Tags: credit card debt, Debt consolidation, debt management, finance, money, personal debt
