How to stop impulse buying

Introduction

Today’s world is moving very fast, in such a situation impulse buying has become a common man’s habit, which harms our financial health. Impulse buying means doing something without thinking and based on heavy or emotional pressure.How to stop impulse buying It leads to unnecessary expenditure on things, which spoils our budget and reduces savings. Especially in a country like America where consumer culture is growing rapidly, this habit is becoming a big problem for many people, so we will tell you about some ways to stop impulse buying, along with the reasons that increase it and what are the ways to avoid them.

What is impulse buying?

Impulse buying happens when we buy some essential items before making any plan. For example, you buy a packet of chocolates from the market in the morning or buy some other items in an online sale. This behavior can sometimes be due to advertisements, offers, or emotional states such as stress or happiness. Following are some of its reasons.

Reasons for impulse shopping

1. Emotional trigger: Many times people shop due to stress or excitement. Shopping gives them happiness which is also called “detail therapy”.
2. Marketing strategies: Often people get attractive “offers” at the shop or on the online platform like special time sale or some gift on purchase, then people buy it immediately after seeing it.
3. Social pressure: Often you must have heard that people buy something even after seeing something that is not available due to social media or trust from their friends, which gives you attractive gifts.
4. Social pressure: EMI, credit card and digital wallet have made shopping so easy that people shop without thinking.

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Disadvantages of impulse shopping

Financial losses: Impulse shopping can spoil your budget and savings can be made immediately due to which you may have to face some policy risks in the future.

Unnecessary items: Many times some of the items purchased prove to be useless and occupy unnecessary space in the house.

Stress: Often people shop without any reason, due to which they have to face mental stress and they regret unnecessary expenses.

Debt burden: Paying through EMI, credit card increases your debt burden.

How to stop impulse shopping

1. Make a budget and follow it

You have to make a budget every month and according to your expenses and budget plan, set a certain amount for shopping and do not spend more than that. You can also use digital apps like Belt, Money Control, or Google Sheet to make a budget.

2. Prepare a shopping list

Before shopping online or from the store, you have to prepare a list of your expenses which includes only the necessary things. Avoid buying other things outside the store, even if it is important for you.

3. Follow the 24-hour rule

If you want to buy something immediately, then you should wait for 24 hours. And prepare those things which you need in the rest. Sometimes waiting helps you understand which things you need to buy.

4. Pay in cash

Instead of paying with digital or credit card, pay for important things with cash only. By spending cash, you can control or influence your expenses more. If you are shopping online, then limit the amount in the digital wallet.

5. Avoid advertisements and sales

First of all, you have to avoid advertisements and sales. Many times you are tempted to buy things through messages and advertisements or are shown those brands on social media which you repeatedly see in advertising posters.

6. Avoid emotional shopping

And if you want to avoid shopping, then instead of this you should do some other activity like talking to friends in meditation so that you can avoid the stress of shopping.

7. Understand the difference between need and desire

You should differentiate between need and desire. When you need something, you should buy it immediately. But if you have a desire, try to put it aside and not buy it.

8. Limit the use of social media

Many times people get influenced by social media and the pressure to buy increases. Unfollow such accounts and inspire you to make necessary purchases.

Conclusion

It is not easy to avoid impulse shopping but we will tell you about our policies and how to make a big budget and prepare a shopping list. This habit will help you in increasing your budget. Today in this article we have taught you about the difference between your desire and need. How to start small and gradually control your shopping habits. This measure will not only improve your financial health but will also help you in understanding your mental strength. There are some frequently asked questions which are given as follows

(FAQ)

1. What is impulse shopping?

Impulse is the purchase that you make immediately and emotionally based on some need.

2. How can I know that I am doing impulse shopping?

And if you do shopping immediately because of the offer without any thinking then it can be impulse shopping.

3. Does online shopping promote impulse shopping?

Yes, online shopping makes it easier to pay. It gives you some offers. It does not impulse you the date.

4. Can children also have the habit of impulse shopping?

Yes, children also demand impulse shopping on seeing attractive things in the shop like toys or other goods which causes financial loss to you.

5. What should I do if I am unable to avoid impulse shopping?

In such a situation, you can take the help of a personal advisor and also track your purchases. You can make a diary and also make a rule in 24 hours to buy your essential items.