How Do You Overcome the Urge to Spend

[Nomad]

Have you ever realized, it gives more thrill to spend money than earn money. Having money readily available often tempts people to spend impulsively. This seems to be a natural psychological tendency. Spending usually offer emotional relief, even though it is short-term, but if unchecked spending can be detrimental. How do you overcome the urge to spending?

 

[Urvashi]

Overcoming the urge to spend can be tough. I’ve had moments where impulse buying almost got the best of me. What helps me is setting a clear budget and reminding myself of my bigger financial goals. Also, I try to wait 24 hours before making any non-essential purchase; often, the urge fades away.

 

[Lolita]

I track my expenses and remind myself of long-term goals. When tempted, I ask if it’s a want or a need. Once, avoiding impulsive shopping helped me save for a camera I’d wanted for years.