We all make impulse purchases from time to time. But there’s nothing worse than those few days afterwards when you realise you spent money on something you didn’t really need or want. Here are some tips that will help you avoid the temptation next time you walk past that window or find yourself buying something you don’t need!
The human mind is a powerful thing. It can trick us into believing almost anything. If you’re having a bad day, shopping isn’t your answer. Often we can be drawn into something we simply don’t need as an attempt to improve our mood. If you’re upset, bored, or just after a temporary high, try and avoid going to the local shopping centre and being tempted into things you don’t need. And if you feel like you really want something, give it some thought before buying as you may reconsider afterwards.
The best things in life are free
For some, it’s easy to attain satisfaction from buying something you don’t need or something you’ll barely use. It’s important to realise you can recieve just as much happiness for free. Like we mentioned earlier, the mind can be tricked into something pretty easily. Consider doing things that make you happy and try to perceive them as a ‘treat’. For instance, instead of looking to go out, opt for having a movie night in, or playing your favourite video game, going for a walk or attend a free event. It’ll take some getting use to, but with the right attitude you’ll be enjoying the simple things in life in no time!
Use cash instead of card when buying
The age of credit cards and debit cards make it very easy to spend at free will. Taking out some cash and leaving your cards at home will reduce the likelihood of you impulse buying when you go to the shops or in general when you’re out and about. The urge may eventually leave and by not purchasing the item when the urge hits, you most likely won’t find a way to purchase the item. Each time you conquer this predicament of wanting something but not having your card to buy it, you’re one step closer to overcoming impulse buying habits!
Our app can help you overcome impulse buying in the following ways:
- Tracking your spend: With Frollo, you have insights that will tell you how much of your money is being spent and where it’s going to. Our aim is to help you realise your potential and sometimes a little reminder from us about your budget can go a long way.
- Smashing goals: We at Frollo want everyone to succeed financially, which is the inspiration behind our Goals feature on our app. You can set yourself a limit on spending, and a time frame you want to improve this in. We will then make sure you’re on track by sending you reminders to give you that extra bit of motivation so you can smash your goals!