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:
- Shop with a buddy.
- Use cash.
- Gain control and insight from two studies:
The Life-Work Connections Employee Assistance Program is brought to you by Well-U, helping eligible individuals to assess issues, and provide short-term counseling and referrals.
Keith Stein |