How to Deal With Impulse Spending When Shopping Online

When shopping online, the tendency to act on impulse and splurge on unnecessary things is very great. If you are someone who is prone to impulse spending while shopping online, then just remember these six things: ‘3’ questions, ‘2’ habits, and ‘1’ rule, so as to curb your spending. We will cover each of these components in the rest of the article, so please read on.

3 Simple Questions

There are three questions to ask yourself when you are buying anything online. They will help you judge whether the item is worth your money. The first question to ask yourself is this.

1) “Am I buying this out of greed, or need?” If the answer is ‘greed’ deep within your mind, pull yourself together and ask the next question,

2) “How frequent will I be using it?” Chances are, if it is not very often or only once, it is pretty much redundant in your household. The last question you should ask is,

3) “Can I borrow it or replace it or barter it? This last question is the most important and most powerful of the three. It will immediately set your thinking of alternate solutions and open your mind to possibilities of getting it free. Be it a piece of publication, a posh dinner or a new DVD, you’ll realize that you can borrow (from the library), replace (a full stomach never complains) or barter (exchange your current DVD with friends) it.

2 Addictive Habits

The two habits are basically ‘reduce’ and ‘reuse’. These two can not only save the environment, but your money too.

‘Reduce’ is the easiest to begin with. Basically, the more you use, the more you pay. So it is common sense to reduce usage. For example, if you always buy a particularly expensive brand of perfume online, then reduce the usage of that perfume, so that your current bottle can last you for a longer period of time.

‘Reuse’ is subtler and requires some innovation on your part. In short, maximising your current resources. The classic example will be reusing grocery bags for your garbage. Another example, do you know that newspapers can be used to clean glass panes? Or the plastic containers from the previous items you bought online can be reused to keep other small household items?

1 Rule to Make it All Work

The one ultimate doctrine to save money is this: ‘Out of sight, Out of mind’ What you do not see, you will never miss. Simple and easy. Wherever possible, stay out of shopping malls and online shopping sites, and you will not know what’s up for offer and succumb to temptation. Set up a separate bank account and arrange with your bank to transfer a percentage from each pay check to the new account. Since you will not see the figures in your bank account, you will not use it for any unnecessary online shopping.

Before you commit yourself to a purchase, especially an expensive one, convince yourself to wait for a few weeks, because a better version will probably be out soon, and forget about the old model. Following the doctrine, you’ll probably forget about it soon.

However, with that said, you should not be completely obsessed with dealing with your online impulse spending, to the point that you do not buy essential groceries or household items at all. Instead, look for alternative online stores that offer a wide variety of groceries at affordable prices. One such example is Hao mart, which sells numerous groceries online, at prices that do not burn a hole in your pocket. You can even utilise their own Hao mart delivery services to have the items delivered promptly to your doorstep, after your purchase.