5 SIMPLE WAYS TO AVOID IMPULSE BUYING

SPONSORED BY ADIRONDACK TRUST COMPANY, MEMBER OF FDIC

In times of crisis, many people turn to stress spending as a way to feel in control. Even if you’re not buying big-ticket items, these impulse purchases can add up quickly and set you back in your finances.  Here are a few simple tips to help you fight the temptation to mindlessly spend.

  1. ALLOW YOURSELF SOME FUN MONEY: Make a budget and don’t forget to include a line item for fun spending.  Be sure it’s affordable and consistent with your financial goals.
  2. LET IT SIT IN YOUR CART OVERNIGHT: Get in the habit of waiting a day with the item in your cart. Look at it the next day with a fresh perspective and ask yourself if you’ll use it and if it’s a priority.
  3. TAKE A BREAK FROM SOCIAL MEDIA. Not only do social media platforms tempt you with constant ads, but you’re more likely to buy when you’re comparing your life and possessions to others’.
  4. CHOOSE HEALTHY OUTLETS: Many things may help you feel better in the moment, but not in the long run. Have a visible list of your favorite healthy outlets to prevent retail therapy regret.
  5. BEGIN GRATITUDE JOURNALING: Make gratitude journaling a daily practice.  When you routinely reflect on what you’re thankful for, it’s less likely that you’ll turn to “stuff” to make you happy.