Try This Trick Next Time You Go Shopping To Avoid Overspending

May 16, 2018

© Monkey Business Images Dreamstime

Serious shoppers sometimes find themselves with a money problem, where more money is being spent than earned.  That can be a recipe of financial disaster but reflecting on recently used personal possessions can help stifle the urge to impulse-buy, according to new study. In other words, if stop to think how you will use the product you want to buy, you're more likely to put it back on the shelf if you can't find any useful function for it. While it may sound simple, 77% of American says they've made an impulse purchase at least once over the past three months and while they may be small indulges, 54% said they've spent $100 or more on impulse items.  Bu simply thinking about its function in your life, 14% study participants were able to control the urge to spend frivolously. Consumers spend an average of $450 a month on impulse buys, according to a SlickDeals survey released in February, totaling up to $5,400 a year.

SOURCE: Moneyish

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