When we’re confronted with the opportunity to spend money spontaneously (hello, David Jones sale) one of two things normally happens:
We act without thought and impulsively spend the cash to satiate our emotional yearning or we take the point of view that we deserve the item, telling ourselves that we’re buying it as an act of self-love.
And it’s costing us a bomb. Impulse spending has contributed to Australians with an all-time high credit card debt. Recent statistics from Finder.com.au found we’re $32 billion in credit card debt alone – that’s not counting the $100 you owe your mum.
So how do we control the impulse spend?
According to wealth mentor Curry Glassell, we must value ourselves enough to say ‘no’.
“When you fall in love with an item, as we all do from time to time, you need to stop and make a decision that aligns with your best interests.”
Following her simple formula will help you fight impulsive urges and become more conscious when it comes to making a call that is right for you (and your bank account).
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