7 Ways to Avoid Impulsive and Compulsive Spending

An unplanned expense can be classified as impulsive spending, while compulsive spending often has a deeper psychological cause.

If you spend hours browsing shopping sites or buying stuff that you know you want and do not need, chances are, you’re an impulsive spender.

Compulsive spending is often confused with impulsive spending; however, it is a lot more severe. Impulsive spending is usually harmless.

Compulsive spending is more of an uncontrollable urge to buy things you don’t need and spend money on them without considering the budget.

These are some of the methods you can use to avoid acting on impulse, and if you believe that your problem is a lot more serious, please, we advise you to get professional help.

1. Realizing You Have a Problem The first step toward overcoming your spending habits is to realize that you have a problem and that you need to work on it.

2. Take Back Control of Your Finances Ask yourself what the valid reason for your behavior is and take back control.

3. Set Yourself up for Success If you want to stop your impulsive or compulsive shopping habits, it’s essential to set yourself up for success.

4. Avoid Credit Cards When Possible Credit cards can be great, and there are many benefits to using them, but not for everyone.

5. Set up a Waiting Period As impulsive shopping is a very spur-of-the-moment thing, one of the best ways to avoid it is to set up a waiting period for yourself before every purchase.

6. Don’t Be Overly Restrictive We all know we should have a budget, and many people talk about having one. Some love it, and others hate it.

If your shopping behavior gravitates more to compulsive spending, chances are there’s an underlying problem that needs to be addressed.

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