Spending, Not Splurging
Be mindful about how you are spending money, instead of going on a daily splurge without thinking.
When doing impulse buying, ask yourself is it worth buying, or does it matter. Be more protective of your hard-earned cash.
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Spending on things you don't use
Spending subconsciously through auto-charge can be a waste of money. For instance, a gym membership. Other things could be hot products you've heard rave reviews about or items you pick up on an impulse.
Ask yourself exactly how you will use the item before you purchase it.
How to manage the Diderot Effect
It is possible to curb impulse buying and move to mindful consumption.
- Beware of the shiny object syndrome. When you want to buy something, ask if you need it. What real advantage will you gain?
- Create spending limits. Create a strict budget...
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