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How To Stop Impulse Spending When In Debt

Impulse spending and being in debt are two things that do not go together whatsoever. However, if you have a tendency to buy things on impulse without thinking about the repercussions then you can easily dig yourself into even more debt than you were already in. Whether itق€™s simply buying the candy you see at the front of the store or purchasing a ticket to Hawaii because you saw a great deal on it, impulse buying can be quite dangerous. On top of this, all the money that you spend on your impulse purchases could be put towards paying down your debt instead and getting yourself to a more financially savvy place. Here are a few tips to use in order to stop impulse spending, and start saving money instead of spending yourself into further debt.

Know the Storeق€™s Layout

People tend to buy things they donق€™t need at grocery stores. This is in part because stores are very strategic about where they place their items. For instance, have you noticed that staple everyday items are often placed at the back of the store? Due to this, you have to walk all the way through the store in order to get the items that you need, and along the way youق€™ll pass by the items you donق€™t need, but may have an impulse to purchase. Instead of falling for this, be smarter than the store! Know the layout of your grocery store and head directly to the items you need to purchase.

Donق€™t Get Distracted

The less time that you spend in a particular store the less likely you are going to buy something on impulse. One way to avoid distraction is to not use a shopping cart and even avoid using a basket if possible, that way you wont be tempted to fill up the cart of basket, and instead will only be able to buy the things that you can carry.

Donق€™t Look at Daily Deal Websites

Do you love the deals you can get on Gilt, LivingSocial and Groupon? Well itق€™s time to put these away as they are nightmares for people trying to avoid impulse buying, as offers can be all too tempting. From restaurants to clothing to a spa treatment, youق€™ll be able to find a steal on almost everything on these types of websites. However, while your trying to get yourself out of debt, itق€™s best that you avoid these types of websites unless you are trying to find something specificق€"like a deal on a restaurant you were planning on attending anyway.

Unsubscribe From Email Lists

Any time that you sign up to join a storeق€™s email list; they will start to send you emails about all their special events and sales your way. This is not something you want to see when you are trying to avoid spending an excessive amount of money. Unsubscribe from the email lists you are signed up for in order to avoid the temptation of running to a store at the first great sale that you come across. This way you wonق€™t even know when your favorite stores are having a sale and youق€™ll be glad you did it when you avoid overspending on things you donق€™t need.

Donق€™t Sign Up For Store Credit Cards

Another trick that stores use to get consumers to spend their hard earned money is to try get them to sign up for their credit cards. A wallet that is full of department store credit cards is a big no-no for anyone trying to get out of debt, especially since it can be a one-way ticket to getting yourself into even more debt. These types of cards typically offer you between 5 and 15% off from store merchandise, however they will also cause every item in the store to seem more attractive at its new discounted price.

Use Cash

Using cash is a great way to not only avoid impulse spending, but also work your way out of debt. When you pay for items using a credit card, it makes you immune to the amount of money your spending. Instead, by handing over cold hard cash, you will be more likely to think twice about every item that you purchase.