Are You an Impulse Spender?
Are you one of the many people that have lost control of your spending? If so, you certainly can change your spending habits to help you get out of the cycle of debt.
But before you can change, you need to be honest about your spending habits.
Here is an easy way to tell if you are an impulse spender.
Simple answer the following questions truthfully: 1.
Does your spouse or loved ones complain about how much money you spend? 2.
Are you shocked at how much more you spent on your credit cards than you thought when you receive your credit card bills each month? 3.
Is your closet full of more clothes or shoes than you will ever wear? 4.
Do you have to own every new electronic devise or gadget the first day it is available? 5.
Do you walk to the checkout counter with items you didn't even know you wanted until you noticed them on display at the store? If your answer was "yes" to 2 or more of the questions listed above, then you are an impulse spender and you need to get it under control.
Being an impulse spender is not good.
It can prevent you from saving your money for truly important things like a new house, a car, or your retirement.
It is important for you to set some financial boundaries and resist the temptation to spend your money on things that won't really matter over time.
Identifying if you are an impulse spender is an important first step to successfully managing your finances.
And since you are now able to recognize if you suffer from this problem, you can take the steps necessary to control your spending and help eliminate any potential debt problems.
But before you can change, you need to be honest about your spending habits.
Here is an easy way to tell if you are an impulse spender.
Simple answer the following questions truthfully: 1.
Does your spouse or loved ones complain about how much money you spend? 2.
Are you shocked at how much more you spent on your credit cards than you thought when you receive your credit card bills each month? 3.
Is your closet full of more clothes or shoes than you will ever wear? 4.
Do you have to own every new electronic devise or gadget the first day it is available? 5.
Do you walk to the checkout counter with items you didn't even know you wanted until you noticed them on display at the store? If your answer was "yes" to 2 or more of the questions listed above, then you are an impulse spender and you need to get it under control.
Being an impulse spender is not good.
It can prevent you from saving your money for truly important things like a new house, a car, or your retirement.
It is important for you to set some financial boundaries and resist the temptation to spend your money on things that won't really matter over time.
Identifying if you are an impulse spender is an important first step to successfully managing your finances.
And since you are now able to recognize if you suffer from this problem, you can take the steps necessary to control your spending and help eliminate any potential debt problems.
