Impulse buy Archives - I Heart Frugal

Impulse buy

Best Money Quotes to Build Your Wealth Series – 4

Will Rogers - Money Quote

“Too many people spend money they haven’t earned…to buy things they don’t want…to impress people they don’t like.” – Will Rogers

Have you heard this one before? Will Rogers definitely hit the nail on the head in terms of budgeting. I mean, where do we draw the line between what we want and what we need? When budgeting, we should ask ourselves if we really want something or if we are buying it to impress someone else. If that is the case, it is better left on the shelf.

It doesn’t help that 8 out of 10 of Americans are in debt (source CNBC.com). Money management has been left behind as we view commercials showcasing the “cool” guy in the car with a bunch of hot girls, the best hair, best clothes, and the best life! He is living “the good life” we all want, right? It is because of advertisements such as these that most people feel what they have is never enough and going into debt for “the good life” is as easy as a stroll in the park.

Yes, my friends…Advertising is at an all-time high. You may not realize you want that new lamp until you see a perfectly placed store display at Target and the lamp starts calling your name. After watching one cartoon, my kids now want three different toys they didn’t even know existed until the said cartoon was complete.

It seems the latest and greatest has replaced any concern for sticking to a budget. Credit cards are the norm and people spend on a whim without realizing the full consequences. These consequences of spending without a budget include the following:

    • Huge debt
    • Paying interest
    • Paying more for items because of interest
    • Losing your car
    • Losing your house
    • Unneeded stress and anxiety
    • Bankruptcy
    • Debt collectors



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Say Goodbye to Impulse Buys – Save Money

We often hear people talk about¬† “needs” versus “wants” and the impulse to spend? However, for the average impulse spender, this may sound like a foreign idea. If we want it, we need it, right? Impulse buys are one major way to throw off your budget. ¬†Nonetheless, being able to have impulse control over spending could really save you money.

Save Money - Say Goodbye to Impulse Buys
Save Money – Say Goodbye to Impulse Buys

Why Should I Stop Spending Freely?

You may be asking, why would I want to do this? I like shopping! I love treating myself and I love the thrill of spending!

Yet, do you ever have that feeling of emptiness after you bought an expensive item you didn’t need? Have you ever bought something to make yourself feel better? Well this post is for you (and let’s face it 90% of us have-including myself!) Retail therapy used to be my stressor’s best friend.

What is a need?

There are the basics. For example, we need food, water, clothing, and shelter. Additionally, paying your mortgage/rent and utilities are big needs. If you have children you will need diapers and baby food. Additionally, we all have transportation costs. In fact, needs vary from person to person. Therefore, prioritize what you really need. Then if you have money left, buy your want! (That’s after saving too.)

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