5 TIPS TO AVOID OVERSPENDING

5 TIPS TO AVOID OVERSPENDING

According to a new studies, compulsive shopping — or “shopaholism” — is a very common problem that can stem from boredom and depression — which can hit all of us  to over spend, especially around the holidays.

Sure, shopping is therapeutic in small amounts, but it can become a hobby to fill the void and escape feelings or situations we don’t want to deal with. The problem is spending when you can’t afford the price tag after rent and incidentals are paid. Here are a couple of tips to avoid over-shopping during the tempting holiday season. Your credit score and central nervous system will thank you.

Shop Your Closet
In These Tough Economic Times, it’s hip to be practical and really evaluate what you already have. Make a list of items you “need” and shirk away from the “wants.” If you have 25 Top shop tops and are short on sweaters, invest in a good cardigan and mix and match with your wardrobe. NO ONE WILL KNOW BUT YOU.

Watch it on sky
Don’t rush out to the movies and plunk down £8 for every new release. Get very particular on what needs to be seen on the big screen with an audience and what can wait for Sky. If you have a problem with a book addiction, join a library and save loads on spending. If you must have the new happening book download to your green and cost-effective e-reader — you tend to save over £7 on new releases.

Get a Hobby
Too many of us think of shopping as a legitimate hobby, and unless we’re heiresses, it’s just not realistic or practical. Start following a sports team, join a book group, start a Tumblr, take up knitting, learn a programming language. Get in shape (jogging is free!) and incentivize yourself with a new pair of jeans you can afford. No one is saying shopping is the enemy, just compulsive shopping that comes from a Dark Place.

Take a Long, Hard Look at Your Budget
Make a list of the expenses you have every month, come rain or shine: rent, transportation, phone, electric, and groceries. Determine precisely what is left over and figure out what you’re going to have to spend on incidentals. It’s sobering to realize that new sweater means no happy hour for a month, or rolling Ramen-stylez for a fortnight.

Hide Your Debit Card, Hide Your credit card
This trick can be dangerous if you tend to need lots of emergency funds (you know — beauty products, taxis home from the club), but consider going totally or almost plastic-free. Get rid of your card to reduce over spending and only take out money AT your bank branch, so you can never spend more cash than you have on hand.

It’s radical, for sure, but it works. Hope it helps, any other tips please share in comments below x

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Hey Guys, I'm Peeqs. Love all things African and colourful, food mmm food, hot sunshine, fashion, hair, jewellery wooo just so many thaaangs ;p All praise to The Most High x www.zanjoo.com

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