Compulsive spending can lead to all kinds of problems and serious debt. If you find it hard to resist temptation, here are some strategies to help control your urge to spend.
Give Yourself Time
If you are tempted to make an impulse purchase, tell yourself that you will wait a couple of days and if you still really want it and can afford it, then you will go back and get it.
Make A List
Even going to the supermarket for the weekly shop can lead to overspending, so do the old-fashioned thing and make a shopping list before you go – and stick to it. There is also something quite satisfying about getting to cross things off your list.
Just Take Cash
To avoid temptation when you are our shopping, just take the amount of cash you need. Eave cards at home. That way you can’t make an impulse buy.
The fastest way to treat an online shopping addiction is to go cold turkey, which means stopping completely. To do this, you would need to delete those sites from your devices and seek other ways to control the anxiety.
If that is too difficult, it can be done more gradually. You could limit the time you spend browsing. For example, stick to 30 minutes at a set time every day, then browse alternative days, gradually reducing it each week. Do something constructive with the time you would normally spend online, such as exercise, cooking, writing etc.
If you cannot resist, then before you hit buy, get up and do something that distracts you for 10 minutes. Most cravings subside in that time. Or put it in your basket and resolve not to check out until the next day. You will probably find that your urge to splurge goes.
Have A Positive Plan
Add up the amount you have spent shopping online in the past month. Work out what this amounts to in a year and make a goal to save the money instead, to put it towards something you really want – a new car, a deposit for a house, a holiday etc.
Using online gift cards is a great way to control your spending. Choose a set amount of money you can afford to spend each month and transfer that money into gift cards. You can find discounted gift cards on our online store here, which will help to make your money go further.