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Avoid impulse spending to reduce debt from "summary" of Debt Free for Life by David Bach
Impulse spending is one of the biggest enemies of your financial well-being. It's those spur-of-the-moment purchases that can wreak havoc on your budget and ultimately lead to increased debt. Whether it's a fancy new gadget or a designer handbag that you just had to have, these impulse buys can add up quickly and leave you drowning in debt. To reduce your debt, you need to learn how to control your impulses and resist the urge to spend recklessly. One way to do this is to create a budget and stick to it religiously. By tracking your expenses and setting limits for yourself, you can avoid falling into the trap of impulse spending. Another strategy to curb impulse spending is to wait before making a purchase. Instead of buying something o...
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