Comments on: 10 Ways to Stop Impulse Spending

By: Working Capital

Working Capital — Wed, 05 Jan 2022 06:28:28 +0000

Haha, i hope it may reduce little. but impossible to stop. If i follow these tips i may reduce my spending. Lets see. Thank you!

By: Joel

Joel — Wed, 21 Oct 2020 17:16:52 +0000

In reply to JP Popham. Sweet! I'll check it out! Congrats on cutting back. It's tough to do this year when we're stuck at home on the computers all day!

By: JP Popham

JP Popham — Wed, 21 Oct 2020 16:47:38 +0000

Thanks for tips Joel! I have fallen prey to impulse spending for far to long. It is really good to read some practical ways to put the habit behind me. I downloaded that chrome extension and it is already getting the job done!

I have also been using an app that helps me put money away using automatic withdrawals and round-ups. I thought someone with your expertise would appreciate. Here is the link peakmoney.com.

By: Joel

Joel — Mon, 12 Oct 2020 20:56:27 +0000

In reply to Mark Kindred. Yep I agree. I think that's also why people increase their spending when their income increases. Make more = spend more. It's a really tough habit to break and mindset to shift! Cheers, Mark!

By: Mark Kindred

Mark Kindred — Mon, 12 Oct 2020 16:28:30 +0000

Thanks for sharing your information. It’s hard to stop spending when you have money. When you broke you worry about money. But when we have cash we just blow it. Thanks again.

By: Joel

Joel — Sun, 11 Oct 2020 21:29:07 +0000

In reply to The Millennial Money Woman.

This is what I love most about the FIRE movement… “Looking rich” is short lived, as it’s only a single moment in time. “Being rich” is a lifestyle that you get to benefit from every day. It’s better to fill your life with things that YOU care about, vs. what other people care about. :) Thanks MMW – looking forward to reading more from you too!

By: The Millennial Money Woman

The Millennial Money Woman — Sun, 11 Oct 2020 21:04:07 +0000

Great post and tips Joel!

I actually didn’t know for a fact that the younger you are the more likely you are to make impulse purchases – but it completely makes sense.

As it relates to status awareness – I completely hear you. The more you want to “look rich” rather than be rich – the status and brand of something can easily lead someone to impulsive purchases.

I look forward to reading more from you!

By: l==jen

l==jen — Thu, 01 Oct 2020 22:44:01 +0000

In reply to Financial Fred. I do the same thing! It really helps cut down on the spending.

By: Joel

Joel — Thu, 01 Oct 2020 15:21:11 +0000

In reply to Matt Anderson. Budgeting is a massive part of it too, Matt! Cheers!

By: Matt Anderson

Matt Anderson — Thu, 01 Oct 2020 07:47:21 +0000

Very informative article on guiding people how to create budgets so that they can manage their finances with smart financial decision making by not wasting your money on impulse spending. However one should also know how to calculate their current income so they can plan these budgets which can be done by any online paystub services.