THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION.
Are you worried about your financial future?
Have you been wondering how to stop your urge to splurge on unnecessary items?
It can be difficult, especially when we live in a time where consumerism is constantly pushed on us.
But don’t stress; it is possible to take charge of your spending habits and start building the secure future that you dream of.
Today, we will provide 15 actionable strategies to help curb those urges to splurge so that you can start putting more money away for the more important things.
So, let’s get started and learn more about taking control of your finances today!
#1. Challenge Yourself
A trick to cut down on expenses is setting personal challenges to rein in those spending habits.
Identify the key areas where you tend to overspend, such as indulging in dining out or splurging on clothing purchases.
Finally, establish a specific timeframe during which you refrain from purchasing in these areas.
#2. Start Saving Instead of Spending
We can’t turn back time, but we can start saving now! For financial security, start saving as soon as you can!
Take your nest egg to open a savings account and start making regular deposits.
If you find yourself wanting to spend, match the amount with a deposit into your savings.
#3. Learn From Others
Learn from other people with successful financial habits and study their approach.
Ask older friends for tips on how to invest wisely or ways of cutting down your expenses.
Don’t box yourself in with one way of thinking; always check out different perspectives and strategies when handling your money!
#4. Set A New Bottom Dollar
Keep a steady balance in your checking account, and ensure it doesn’t change after each paycheck.
If you have money left at the end of the month, transfer it into your savings account.
Think of the money in your checking account as the only money available to you and disregard any other funds.
#5. Make A Shopping List Before You Shop
Before you go to the mall or grocery store, check what items you need and make a list.
Keeping track of anything you buy not on your list will help you stay on track with your budget.
When online, always use your handy list to stay organized and keep track of all the items you need.
#6. Use Cash Instead of Cards
Use cash when you shop and only take the amount you intend to spend.
Paper money is a visual reminder guiding and keeping you focused on your chosen path.
Leave your credit and debit cards at home so you don’t swipe away when tempted to splurge.
#7. Pick Out A Future Reward
Set a goal not to spend needlessly and reward yourself for reaching the goal.
Choose the reward at the start and stay focused by reminding yourself of your goal whenever you begin to give into your old spending habits.
Once you achieve your goal, treat yourself by using the money saved from refraining from unnecessary spending to purchase a well-deserved reward.
#8. Educate Yourself on Money Management
Visit your local library for resources about managing your spending habits.
Knowing more about managing your finances can help you make smart decisions with your hard-earned cash.
#9. Track Your Progress and Adjust
Keep track of your progress as you make changes in your spending.
Take notice of triggers that cause you to stray from your plans, such as visiting the mall.
If your current approach isn’t working for you, and you are tempted to spend, consider alternative ways to overcome difficult situations to succeed.
#10. Always Strive to Improve
Always strive to do better and improve your spending habits, even when you fail.
Taking on a second job or finding ways to increase your income can make you consider whether the extra spending is worth the extra work time.
Give yourself a pep talk by telling yourself that spending less or more is your choice.
#11. Don’t Compare Yourself to Others
Avoid the temptation to purchase the same item that a friend does.
Think about what your own needs and preferences are before making a buying decision.
Focus on what you can do to improve your own spending and avoid trying to keep up with others.
#12. Prioritize and Take Action
The key to success is prioritizing your goals and taking action.
Whether trying to curb spending, saving money, or paying off debt, decide what matters most to you and then work towards that goal.
Stay motivated and on track by prioritizing what is best for yourself today and in the future.
Best Frugal Living Tips
There is a misconception that living frugally means living a miserable life.
But the reality is, most frugal people are happier and wealthier.
Here are some simple steps to start living frugally and be happier as a result.
Gas Hacks For Free Gas
You’ve probably wished you could get free gasoline, but thought that was impossible. But the reality is, it isn’t impossible.
There are many free gas hacks you can use to save money on fuel ups. Here are 15 ways to lower the cost of gasoline, and in effect, get free gas.
Fun Money Saving Challenges
Do you find it boring to save money?
If you are motivation by turning things into a game, check out these money saving challenges. There is a game for you that will make saving fun and exciting so that you make it a priority to save money.
How To Save $3,000 Quickly
Are you in need of cash right now?
There are many things you can do, but not everything will give you cash fast.
Here are some simple things you can do to earn a quick $3,000.
21 Clever Ways For How To Stop Buying Things
Do you give in to impulse shopping only to regret it later?
Advertisers are good at getting us to buy on emotion but you have to stop if you want financial freedom.
Here are the best ways to stop buying things.
I have over 15 years experience in the financial services industry and 20 years investing in the stock market. I have both my undergrad and graduate degrees in Finance, and am FINRA Series 65 licensed and have a Certificate in Financial Planning.
Visit my About Me page to learn more about me and why I am your trusted personal finance expert.