There are so many things to buy. The stores are filled with bright shiny things that can easily lure you into spending 
thoughtlessly. Online stores make it simple to point, click, and spend without a second thought. It does not take long before you are in debt, but not sure where the money has gone. Impulse spending can put a real dent in your budget. Practicing disciplined spending is one of the best ways to gain control over your personal finances.
Make a Budget
Budget is not the most exciting word, but following one has amazing results. Determine the amount of money you can spend for each category of your life; for example: food, clothing, entertainment, housing, ECT… Budgets can be tracked using pen and paper or a computer software program such as Quicken or Money. Give yourself some leeway by budgeting in miscellaneous items that come up during the week, but stick to the other elements of your budget religiously. Your impulse spending will drop dramatically and you’ll see your bank account swell.
Stay Out of the Stores
Unless you need something specific, stay away from the stores. Shopping should not be a form of entertainment. Spend time with friends, family, exercising or reading and leave the shopping for when you really need something.
Think Twice Before Spending
When you do need to buy something, maybe you can borrow it or repair what you already have. Outside of food, clothing, or shelter, what do you really need? If you can find a way to borrow or do without you’ll save yourself a ton of money.
Watch Advertisements with a Critical Eye
It’s the marketer’s job to part you from your money. Who cares if you really need it or even want the item? Notice how advertisements play on your emotions. Will you really be more successful, beautiful, handsome ECT… if you use XYZ products? Laugh at the absurdity and then keep your wallet close.
Research Your Item
If there is something you want to buy, take the time to research the product. If you buy it, are there other add-ons you will need over time? How much does it cost to upkeep the product? Is there a new version coming out soon? Before spending, do your diligence to make sure you are aware of the full cost of the product.
Spend Wisely for Healthier Finances
Impulse spending is a bad habit and a slow leak that can wreak havoc on your personal finances. With a little thought you can gain control of thoughtless spending and rebuild your savings.
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