Avoiding the Temptation to Spend

penny-pincher-cartoon.jpg
Posted on 07/19/2010

The temptation to spend can be fierce. There are lattes to drink, movies to see and restaurants to try. But if you’re looking to get out of debt, save more or complete any major financial goal, experts agree that the small stuff makes a big difference. Here are some tips for avoiding the temptation to spend.


Steer Clear of Your Weak Spots - Pinpoint your weak spots. If you don’t know what they are, pull out your last few bank statements and you’ll find your answer. If coffee shops are your weakness, start thinking of them as your enemy. If money seems to fly out of your wallet every time you go to the mall, then avoid it. The point is, don’t rely on self-control. Do yourself a favor and steer clear of your weak spots.


Create a Budget - When you give every dollar a name they’re less likely to go astray. Creating a budget is a great way to limit your spending. You’ll know exactly how much you need to cover bills and how much extra money you have each month.


Find Creative Ways to Get “New” Things - Fulfill the urge to shop by finding creative ways to get new things. Organize a clothing swap with friends. Have a group of pals clean out their closets so that everyone can “shop” through what others no longer want. You’ll take home some new items without having to part with any money.


Ask Someone to Hold You Accountable - Just like losing weight, saving money is a goal that can be achieved easier if you have someone to hold you accountable. Knowing that someone else is keeping tabs on your spending may help reduce the pull to buy.


Focus on a Goal - Squelching the temptation to spend will be difficult. But keep the bigger picture in mind. Set a goal like buying a new house, taking a vacation or paying cash for tuition. And every time you have the urge to spend, think about how great it will feel when you achieve your goal.


By Alison Storm


Folica sale - You may be saving money, but that doesn't mean you shouldn't take care of yourself and your looks! During the Back-To-School Sale, save up to 70% on A+ products and tools to help you look and feel your best. Sale ending unknown.


Lane Bryant coupon code - Look great and save money! Coupon code 020009953 will save you $20 on orders over $40. Expires 07/18/2010.

* Hot deals expire quickly. This deal may no longer be valid.

Comments


Alison

Posted on 07.16.10 at 12:49 PM

#1 Should be "Ignore Bargainist Product Picks." Oh wait, I already do that.

One Ring to Rule Them All

Posted on 07.19.10 at 9:02 AM

Hi Alison! Thanks for the feedback - even if it stung a bit (ouch!), it's always useful.

We're trying to provide more relevant, useful information to our readers - and we're always up for new ideas! For you, what would make the Bargainist a must-visit site?

And to the rest of you all - we'd love to hear what you think as well! Email us at [email protected] with ideas!

Post A Comment