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URMC / Employee Assistance Program / News & Events / UR Medicine EAP Blog / July 2020 / Curb Impulse Purchases to Save Money

Curb Impulse Purchases to Save Money

If the household budget is stretched, cutting costs without added hardship can be difficult. Consider curbing impulse purchases as a path to finding more dollars. You could save over $5,000 a year by decreasing this behavior. Impulse purchasing is the tendency to engage repeatedly in spontaneous, on-the-spot purchases without consideration of the potential consequences. Sixty-four percent of us do it. The risk of an impulse purchase begins as soon as you enter a store, not when you see the item of interest. Most impulse purchases are groceries, not clothing.

Try these tips:

  1. Shop with a buddy.
  2. Use cash.
  3. Gain control and insight from two studies:

UR Medicine EAP is brought to you by Well-U, helping eligible individuals to assess issues, and provide short-term counseling and referrals.

Keith Stein | 7/23/2020

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