Shopping is something that I enjoy doing. Especially with my girlfriend. Each time we go shopping, we have a competition to see who can spend the least amount of money. On one of our outings, I beat her by only 11 cents. It’s a good way to keep me in check so I don’t overspend.
It’s important to stick to a budget when you go shopping. Spending extra money without planning ahead can potentially cause you to have regrets in the long run. So, how can you keep from overspending when you go shopping?
Set a Budget
If you are planning to go shopping, it’s important to set a budget ahead of time. Especially if you are not shopping for anything specific and just going with your friends. Figure out what you can afford to spend ahead of time and stick to that budget while you’re shopping. You also need to weigh your options while you’re shopping. If you don’t absolutely need it, don’t get it.
When you charge your purchase to a credit or debit card, you can’t see the immediate impact that it is having on your account. If you use cash, you can immediately see the amount of money that you are spending. Bringing cash while you go shopping not only gives you a set budget, it also guarantees that you won’t overspend if you see something else that you want.
Forget the Cards
In bringing a preset amount of cash, you can leave your credit and debit cards at home. This will keep you from overspending when you see that item that you just can’t live without. It’s easy to use your card when there is something that you want. You can prevent that from happening by leaving your cards at home.
Stick to a List
Before you go out shopping, create a list of the items that you need. Stick to that list and avoid making any unplanned purchases. If you see something that you want, add it to a wishlist for future purchase. Keeping an additional list will keep you from making impulse buys. If you add it to your list, it gives you think time and you may decide that you don’t need it after all.
When shopping, it’s important to set and stick to a budget. It’s helpful to only bring cash, leave your cards at home, and stick to a list. In this way, you won’t make any unplanned purchases that you may regret later.
Until next time,