Personal Finance Budgeting » impulse buying

Is it often the case that you have a great personal budget plan laid out, but when the time comes to follow that plan you slip? This is the case with many who have little experience in personal finance budgeting, but do not worry: simple budgeting tips and techniques can help you.

The basis of being able to follow your budget plan is that you can control your impulse buying and save your money on day to day expenses. So in order to be successful in budgeting and following your own budget plan, all you really need to do is find ways to keep your mind on your goal and avoid staying. That is where these budgeting tips come in handy.

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First you should answer these five impulse buying related questions truthfully:

1. Does your spouse or partner complain that you spend too much money?
2. Are you surprised, when your credit card bill arrives at how much more you charged than you thought you had?
3. Do you have more shoes and clothes in your closet than you could ever possibly wear?
4. Do you own every new gadget before it has time to collect dust on a retailer’s shelf?
5. Do you buy things you didn’t know you wanted until you saw them on display in a store?

If you answered “yes” to at least two of the above questions, you are an impulse buyer and most likely indulge yourself in retail therapy. […]

Tools and Techniques | 3 Comments »