Monday, June 10, 2013

Spending Money: It's never been easier.

Need I say more?
Armed with two of my mom's credit cards, about ten different coupons, and some cash, my little sister and I went shopping for things she needed to get for prom. When we set off to the mall, I felt almost giddy. There was a limit, of course, but she could basically get anything she wanted in the name of prom. I felt like buying everything she expressed a remote interest toward because it wasn't my money being spent and swiping those cards just felt so good.

Moral of the story: it's a lot easier to spend if you have the means. Carrying cash, credit cards, etc., can turn even a frugal person into a card-swiping nightmare. 

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Do you overspend? Are you trying to save? Do you have trouble remembering how much you spent and what you bought and when you bought it? 

Here's my advice!

1) Log out of any online accounts where you spend money. 

I don't know about you, but I can never remember my passwords. For some reason, I don't write most of them down either. If I have to go through the whole process of retrieving them from a website where I want to spend money, I am 97.3% less likely to buy. 

2) Don't store payment information on websites when you check out. 

The more steps you have to go through to spend, the less likely you'll do it. It might turn out that you don't actually feel like entering your shipping address and phone number and credit card number and expiration date and security code and confirming all that information and pressing submit. 

3) Be a conscious consumer, and take time to dwell on your potential purchases. 

Why do you want this item? Is it because you think it'll make you happier than you are now? Is it because everyone else has one? Those are bad reasons for purchasing something. 

4) Don't carry multiple credit cards, debit cards, your parent's cards and a wad of cash in your wallet. 

It's too tempting, and you can't spend if you're not carrying. 

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What are some issues you've had when it comes to spending? Let me know in the comments. 

As always, contact me with questions or suggestions! You can either comment directly on the post or send me an email at moneymattersjoan@gmail.com. 

Photo credit:  401(K) 2013 via photopin cc

3 comments:

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  2. What I do before buying anything online is wait a week. If I actually remember after the week then it's most likely something I need or really want it. But if I forget then it would have just been an impulse buy and not really worth it.

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    1. That's a great idea, I do that, too. :) Thanks for reading and commenting!

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