{"id":24753,"date":"2022-10-10T07:23:23","date_gmt":"2022-10-10T07:23:23","guid":{"rendered":"https:\/\/transfergo.wpengine.com\/how-to-stop-impulse-buying\/"},"modified":"2024-10-29T20:42:57","modified_gmt":"2024-10-29T20:42:57","slug":"how-to-stop-impulse-buying","status":"publish","type":"post","link":"https:\/\/www.transfergo.com\/gb\/how-to-stop-impulse-buying","title":{"rendered":"How to stop impulse buying"},"content":{"rendered":"\n

As the cost of living continues to increase, many of us are looking for ways to tighten our purse strings. We recently published a guide on easy ways to save on energy bills, but what about how to stop impulse buying? <\/span><\/p>\n\n\n\n

It may come as no surprise that many things we purchase are not essential. Impulse purchases (things you buy without planning to) definitely fall into this category. <\/span><\/p>\n\n\n\n

Impulse purchases can include anything from a chocolate bar in the supermarket check-out queue to a new sweater you spot in a shop window while passing. <\/span><\/p>\n\n\n\n

Spending spontaneously is exciting and adventurous but it\u2019s not good for our bank balance.<\/span><\/p>\n\n\n\n

Here’s how to stop impulse buying\u2026..<\/strong><\/h2>\n\n\n\n

Try the 24-hour rule<\/h3>\n\n\n\n

Be strict with yourself and try not to purchase anything without some forward planning. If you spot something in the shops or add something to your online basket, try the 24-hour rule where you wait a whole day before actually making the purchase. This will give you time to properly think things through and decide whether you really need the item. A lot of the time you may decide it\u2019s not worthwhile, after all.<\/span><\/p>\n\n\n\n

Make and stick to a budget<\/strong><\/h3>\n\n\n\n

It\u2019s easier said than done but making a monthly budget is a great way to stop impulse spending. Be clear about your disposable income, limit your spending and set yourself realistic goals on savings. After a few months, you\u2019ll have a much better idea of how much money you actually have and you might appreciate the cost of things more. And what better way to motivate yourself to stop impulse buying?<\/span><\/p>\n\n\n\n

Let yourself spend some money<\/strong><\/h3>\n\n\n\n

But at the same time, don\u2019t be too harsh on yourself. Allow yourself some flexibility with your budget (if it\u2019s possible) and let yourself spend money on fun things (within reason). After all, it’s important to enjoy yourself. If you\u2019re too strict with yourself from the start, you may end up rebelling and going on an even bigger splurge. And nobody wants to deal with the guilt hangover from that.<\/span><\/p>\n\n\n\n

Distract yourself<\/strong><\/h3>\n\n\n\n

A lot of the time, we impulse buy because we\u2019re bored and looking for things to do. Keep your mind occupied to stop the temptation of shopping. This could be anything from meeting a friend for a walk or listening to your favourite music at home. If you find different ways of self-soothing and entertaining yourself, you\u2019ll be much less likely to go on an impulse spending spree.<\/span><\/p>\n\n\n\n

Find a partner<\/strong><\/h3>\n\n\n\n

If your impulse spending is getting out of hand, it can be a good idea to seek support from an accountability partner. This could be a friend, spouse or family member. Try to meet them once a month to discuss your finances and help you to establish a healthy approach to spending. <\/span><\/p>\n\n\n\n

If you\u2019re really struggling with your impulse spending, <\/span>UK Rehab<\/span><\/a> offers counselling services on shopping addictions, while <\/span>Mind<\/span><\/a> charity also provides information and support on spending money for comfort.<\/span><\/p>\n\n\n\n

______________<\/p>\n\n\n\n

Now that you’ve read our ‘how to stop impulse buying’ tips, are you ready to save on transfers? Sign up<\/a> to TransferGo today for easy, fast and affordable online money transfers. <\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

As the cost of living continues to increase, many of us are looking for ways to tighten our purse strings. We recently published a guide on easy ways to save on energy bills, but what about how to stop impulse buying?  It may come as no surprise that many things we purchase are not essential. […]<\/p>\n","protected":false},"author":7,"featured_media":24754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,1493],"tags":[],"business_case_studies_tags":[],"class_list":["post-24753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance","category-personal-finance-tips"],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/transfergo.com\/gb\/how-to-stop-impulse-buying","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How to stop impulse buying","url":"http:\/\/www.transfergo.com\/gb\/how-to-stop-impulse-buying","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.transfergo.com\/gb\/how-to-stop-impulse-buying"},"thumbnailUrl":"https:\/\/www.transfergo.com\/wp-content\/uploads\/2022\/11\/220905_Blogs_Sept_stop-impulse-spending.jpg?resize=150,150","image":{"@type":"ImageObject","url":"https:\/\/www.transfergo.com\/wp-content\/uploads\/2022\/11\/220905_Blogs_Sept_stop-impulse-spending.jpg"},"articleSection":"Personal finance tips","author":[{"@type":"Person","name":"Jennifer Tate"}],"creator":["Jennifer Tate"],"publisher":{"@type":"Organization","name":"TransferGo","logo":""},"keywords":[],"dateCreated":"2022-10-10T07:23:23Z","datePublished":"2022-10-10T07:23:23Z","dateModified":"2024-10-29T20:42:57Z"},"rendered":"