Marshmallows and Money Podcast

Episode 05: 7 Ways to Stop Impulse Spending Right Now

February 11, 2021 Gina Zakaria Season 1 Episode 5
Marshmallows and Money Podcast
Episode 05: 7 Ways to Stop Impulse Spending Right Now
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Marshmallows and Money Podcast
Episode 05: 7 Ways to Stop Impulse Spending Right Now
Feb 11, 2021 Season 1 Episode 5
Gina Zakaria

Impulse purchases steal our money that can be used and saved for more important purchases. If we can combat our urge to spend money, we can stick to our budget better and save money for the things that matter.

Here are 7 easy ways to stop impulse spending so you can take control of your finances. 

  1. Plan out your purchases
  2. Start the rule of 30 (30 day list of items you saw that you may want)
  3. Consider the opportunity cost
  4. Stop window shopping as a pastime
  5. Remove shopping apps from your phone 
    1. And on that same note, remove your payment information from your phone
  6. As yourself these 3 questions:
    1. Is it necessary for me to function most days?
    2. What makes it necessary now?
    3. Do I have something that can serve this purpose?
  7. Add it to a list for birthday or Christmas requests
Show Notes

Impulse purchases steal our money that can be used and saved for more important purchases. If we can combat our urge to spend money, we can stick to our budget better and save money for the things that matter.

Here are 7 easy ways to stop impulse spending so you can take control of your finances. 

  1. Plan out your purchases
  2. Start the rule of 30 (30 day list of items you saw that you may want)
  3. Consider the opportunity cost
  4. Stop window shopping as a pastime
  5. Remove shopping apps from your phone 
    1. And on that same note, remove your payment information from your phone
  6. As yourself these 3 questions:
    1. Is it necessary for me to function most days?
    2. What makes it necessary now?
    3. Do I have something that can serve this purpose?
  7. Add it to a list for birthday or Christmas requests