We have all purchased an item on impulse. We often justify it to ourselves later with excuses like you will never see that item on such a big sale or those shoes match the new dress I bought perfectly or even my child deserved a small treat, I have been dragging him around the shops the whole day.
Impulse buying is the unplanned decision to buy a product or service, made just before a purchase.
Curbing your impulse buying allows you to stick to your budget and stay on track to financial freedom. ASIC’s MoneySmart suggests steps you can take to prevent this dangerous habit include: only carrying cash, writing a list, avoiding shopping centres and asking for help from like-minded friends.[Tweet “Reduce Your Impulse Purchases”]
You can find even more tips to stop your impulsive buying habits here: thesimpledollar.com
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Read the original source article here: hmoneysmart.gov.au