5 Ways to Control Your Spending Habits and Save Money


If, like me, you’re a bit of a spendaholic and constantly finding yourself without any money for the important things in life, it sounds as if you could use a little help. Spending can easily get out of hand, so read these 5 ways to control your spending habits so you can finally start saving money for the more important things in life:
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Know What Triggers Your Impulse
First of all, you need to identify your spending triggers so you can stop yourself from spending. Some people shop when they’re upset to give them a temporary high, other people shop when they’re with their friends to impress them, some people even have a huge blow out on payday and then struggle for the rest of the month. Whatever encourages you to start shopping, stop yourself and think about whether it’s really worth it. Find something else to do instead – give yourself a DIY pamper at home, go and see a friend, or something else that will distract you.

Take a Look at Your Budget
Some people only pay attention to their monthly budget, when in fact you should look at your budget weekly. This will allow you to see just how quickly the money in your account dwindles, and you’ll also be able to stop yourself from spending when you realise that your phone bill goes out the next day and you have just enough to cover it.
Set Savings Goals
By setting yourself a long term savings goal, you will be able to think of it whenever you feel tempted to go shopping. Do you want the holiday of a lifetime in the Caribbean, or do you really want that new dress that you’ll only wear once? Reminding yourself of your goal will be a good incentive to stop spending. If you really need to buy something, remember that you can find lots of codes online to knock down the price, just take a look at SumoCoupon!
Cut up Your Credit and Store Cards
You should never put yourself in debt just to buy clothes. If you can’t afford them, don’t buy them! Stop yourself from spending money you haven’t got by cutting up your credit cards and store cards. If you don’t want to get rid of your credit card altogether (they can sometimes be useful when buying bigger items), freeze it in a bowl of water. That way, you’ll have to wait for it to thaw before spending, and your craving might have subsided by then. You won’t be able to microwave it either – the card will crack!
Only Take Cash
If you set yourself a budget before you go shopping, only take cash with you and leave all of your cards at home. That way, you won’t be able to go over your budget, even if you’re tempted!
If you really want to control your spending, the 5 tips above will help you. Make sure you’re patient with yourself, as it could take time to get to where you want to be!


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