Control impulse spending from "summary" of You Need a Budget by Jesse Mecham
To rein in impulse spending, you need to have a clear understanding of your financial situation. This means knowing exactly how much money you have coming in each month and where it's going. By creating a budget, you can allocate your funds to different categories and track your expenses to ensure you're staying within your means. When you feel the urge to make an impulse purchase, take a step back and ask yourself if it aligns with your financial goals. Will this purchase bring you closer to achieving your long-term objectives, or is it just a fleeting desire? By pausing to reflect on your spending habits, you can make more informed decisions and avoid unnecessary purchases that may derail your financial progress. Another strategy to...
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