Avoiding Impulse Shopping

Impulse shopping can be defined as any purchase made in the heat of the moment; in most cases, a non essential item. To some; impulse shopping may be somewhat of a new idea, for most this has been a way of life since we were children. At one point in each of our lives we have all impulse shopped. We may be at the grocery store and purchase a pack of gum at the register, while strolling thru the mall we may stop and purchase a CD, or we may pull off to the side of the road to buy a trinket or two. Impulse shopping can be fun and satisfying; however, it can have a negative impact on your finances. Here are some tips on how to avoid impulse shopping.

If you Impulse Shop, Never Use a Credit Card

For some of us; impulse shopping is okay in moderation, however if you choose to continue to impulse shop, ensure you do it with cash. One of the top reasons to follow this principle is to remember; purchasing that item with a credit card can cost you two to three times as much if purchased with a credit card versus cash. In addition, you can repay for several years on a credit card. Credit cards may be convenient; however, in the long run they are extremely costly. The interest paid alone can make that sale item become quite pricey.

Never Shop because you are Bored

Most of us shop when we are bored as an excuse to spend money. If you are one of those individuals that perceive shopping as affordable entertainment; you are one of the select few. For those of us that are in debt or have limited income, shopping due to boredom will get us into financial trouble.

Utilize a Shopping List at the Grocery Store

A lot of us think that most impulse shopping takes place in shopping malls, when in fact the most prominent place that people impulse shop is at the supermarket. Supermarkets specifically design their stores to persuade the consumer to impulse shop. Have you ever noticed that milk is at the very back of the store? This is intentional; the supermarket wants you to walk by several different items, hoping that you purchase at least one. There are two things that can be effective in avoiding impulse shopping. The first rule of thumb is to never shop hungry. When you go to the supermarket hungry you are more likely to purchase unnecessary items and more junk food. Second, always use a shopping list. By utilizing a shopping list you will know exactly what you want and be far less inclined to impulse shop.