I am definitely an impulse shopper and enjoy purchasing things such as shoes and clothing. Even though I have enough of each, I keep buying more. There are things that set off my impulse shopping, and I’ve been finding ways to cope and start to build my savings.
Here are some potential causes that may prompt impulse shopping and five ways you can fend off these impulses and start building your savings instead.
Friday paydays contribute to my impulse shopping. I’m happier since it’s the start of my weekend and have money in the bank, so I use this as an excuse to shop. Sound familiar? Also, when I’m sad, stressed, or upset, shopping makes me feel better as well.
There are definitely certain locations that make me want to spend money. Malls, casinos, home shows, craft fairs, and certain online stores, to name a few. I call these the danger zones because the overspending can get out of hand. Are there certain environments that provoke your impulse shopping?
Is there a specific holiday or occasion that causes your impulse shopping? Could it be that you know your tax return money is coming in, or you’re getting a promotion or a bonus, and this contributes to your impulse shopping? Maybe you have a shopping buddy who is also an impulse shopper, and they help contribute to unplanned expenses?
Do you have certain stores that you visit and you have a weakness for? Winners store is that certain place that I have a weakness for. For my husband, it’s Best Buy and Cabela’s. These are danger zones for both of us. The best thing is to be purposeful about not going to these places—because based on past experiences, you know the shopping can get out of control.
Take a look at some of the options Refresh offers to help you save money and build your credit at the same time.
Triggers | I spend impulsively when | Instead I will |
Mood | Happy/Sad | Evaluate my mood. Instead of spending I will put that money into an auto deposit savings. |
Environment | ||
Occasion | ||
Place | ||
Any other triggers? |
Shenaya Sweetman is the Content and Social Media Specialist at Refresh. She's an avid writer with an interest in real estate, saving and investing for an early retirement. Passions include online health coaching and live fitness instruction. Her favourite finance blogger is Michelle Schroeder-Gardner.
Leave a Reply