I’m about to go on a 30-No-Shopping Challenge to not only curb my spending but to save up for a potential move. I’ve been doing a lot of shopping lately and while I have to say I have excellent taste and can spot a bargain, I am not quite happy with the fact that I’m not saving more. I’m bleeding out the funds that should be socked away for an expensive post-graduation life.
Here’s what I’ve come to discover…beyond the surefire signs of an out of control credit bill/spending more than you earn, there are some subtle signs and trip-ups that are leading to an out of control budget.
So, is that you? The problem with out of control spending is that it totally creeps on you over time. While sometimes it can be the result of a trigger (death, stressful situation at work, income boost) many times we slowly but surely subject ourselves to shop-inducing stimuli that gear us to spend.
Most of the “shopping sprees,” happen after a crazy event and are easy to spot, but the slow budget-busting bad habits come on a daily basis when we’re snared by enticing emails or impulse inducing 48 hour clearance sales.
Have you ever caught yourself in an uncontrollable spiral of spending? If so, how’d you catch on and how’d you stop it?