i get too tempted to spend money. when i go to shopping with my family, i often buy off whatever i want with how much ever money i have. that money is meant to be saved to buy some big thing later on, but it's all over when i spend it away. what to do?
2006-09-30 22:04:38 · 19 answers · asked by Seungyong W 5 in Education & Reference ➔ Other - Education
Leave your money and your credit cards at home when you go to the shops.
2006-09-30 22:06:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Taja hit the nail on the head. Humbly permit me to explain why she's right. There is a natural psychological tendancy we all have. It can be trained and surpressed, but it is always with us. It is the irrational fear that we should just do it now becasue maybe somethtng bad will happen later to prevent us from doing it. I've know medical students who can't walk by a public restroom outside the hospital. They've been so well trained to "sleep when they can, eat when they can, and don't walk by a bathroom wihtout at least thinking about it." In medicine, you may as well eat it now since you never know when you might eat next. This same mentality can play with our finances. If I have too much cash in my wallet, I'm more apt to spend it. "Oh, I've got money. That doesn't happen very often. I wonder what I can do with this?" Notice the question is what CAN I do rather than what SHOULD I do with this money. That's where Taja's answer fits into the big picture. Find out what you should do with the money. I solved the problem for me by simply setting a limit of how much cash I can carry after each paycheck. When it's gone, it's gone unitl the next paycheck. Most of the time, now, I still have some cash left over, so I've proven you can learn this stuff. Credit cards are trickier. Use debit cards instead (if you must use plastic at all) since the real killer of credit cards is not being able to pay off your balance and being stuck with 20% interest payments. Be rich -- Spend less than you earn!
2006-09-30 22:21:01 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Alk yourself theses questions
Do I really need this item?
If I don't need it, do I at least really want it?
Am I sure that I'll use it? Wear it?
If I buy it now, will I have enough money for other things I might need later on — this week, this month, next month?
Will this purchase take money away from paying off any debts I might owe?
Is there any risk in delaying this purchase in order to think about it longer?
What are the chances this item might go on sale soon?
Could I find this item somewhere else cheaper?
Could I find an item like this, but without a brand name? It will probably cost less.
2006-09-30 22:07:47 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Always leave your "saved" money at home or stick it in the bank where you don't have access to it via debit card while you are shopping. Only take what you know you are able to spend with you when you go! If you are shopping with someone you trust, give them your cash and let them know your situation... good luck, i have the same problem. :) Don't ever get a credit card.
2006-09-30 22:14:11 · answer #4 · answered by B. 2 · 0⤊ 0⤋
well if u have money at home,firstly u have to put it in the bank,,secondly budget urself each month with an estimation of expenses how much u are allowed to spend for the current month..then keep an envelope & write shopping on it, put a reasonable amt ...it should last u for the entire month..in this way u will spend comparatively lesser when u know how much is left in the envelope.. so it will reduce ur spending habit..it works for me..try it n let me know !
2006-09-30 22:17:09 · answer #5 · answered by lorraine d 2 · 0⤊ 0⤋
Tell yourself you don't need it. Also, leave your credit cards and atm cards home. Just carry enough cash that you need if you and your family eat out when you shop.
Or, you can put money in a separate account. One for saving, and one that you permit yourself to spend. Carry only the card that has the money you allow yourself to spend.
Write a budget for yourself. List your neccessities, things you really need, and rest goes in to savings. That account is not to be touched by you... Good luck.
2006-09-30 22:21:09 · answer #6 · answered by Anonymous · 0⤊ 0⤋
1) Deposit your money with bank for few months.
2) cancel your credit cards OR lower the credit limit.
3) Have a shopping list, so that you won't buy unnecessary stuffs.
4) Tell your family, get them to nag on you.
2006-09-30 22:10:32 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Put your money in an airtight ziplock bag and remove air.
Place in empty ice cream container.
Add water.
Place in freezer.
Defrost the night before you bills are due!
Occasionally I put money in an envelope in a bedroom drawer with the amount and purpose for that money written on the front. eg. $120 - Electricity. That way you can stay on top of your bills and bad spending habits.
Good luck!
2006-09-30 22:32:24 · answer #8 · answered by Sparky5115 6 · 1⤊ 0⤋
i think lots of the answers given are helpful - don't just live for today...the money could be needed for something else...just think about all the things you need to do with the money other that just spending it on this one thing!? basically work out a budget and then you'll understand just how little money you have!!impulse is your worst enemy///just stop to think..then decide and stick to the decision and don't look back on a good decision
2006-09-30 22:27:48 · answer #9 · answered by docKnowitall 2 · 0⤊ 0⤋
Put it in a 6 month or 12 month savings bond and don't touch it till it's available.
2006-09-30 22:06:17 · answer #10 · answered by iswd1 5 · 0⤊ 0⤋