We\u2019ve all made impulsive decisions in our lives, and sometimes, those decisions include buying something on the fly that you weren\u2019t initially planning on buying. Sometimes those impulsive purchases are small and won\u2019t make an impact on your budget, but there are other times when such decisions can make a serious dent in your bank account.\u00a0<\/p>\n\n\n\n
These impulsive buys are often driven by emotion and not by logic, so if you find yourself about to drop cash on something expensive that you may not need, consider these habits that may break your impulsive spending patterns:<\/p>\n\n\n\n
This mostly applies to when you go grocery shopping, but impulsive buys can happen anywhere. Create a shopping list that is within the parameters of your budget and stick with it while shopping. If you\u2019ve been in the habit of adding items to your cart that aren\u2019t on your list, make it a goal to stick to items only on your shopping list.\u00a0<\/p>\n\n\n\n
In an era that is extremely online, consumers can now order an entire meal to be delivered to their doorstep with just a few taps on their smartphone. Apps like DoorDash and UberEats are highly convenient, especially if you live in a more populated area, but they also don\u2019t come cheap – restaurants and retailers often drive up prices on delivery apps to make money, and tips are built into your order. These impulsive purchases can add up and do serious damage to your budget.<\/p>\n\n\n\n
With Polam\u2019s mobile banking app and CardValet, it\u2019s easier than ever to monitor what you spend and track how much you\u2019ve been spending. You can also create a personal ledger and write out your weekly purchases and add them up at the end of each week. Viewing your spending in real time can help you cut back on frivolous purchases.\u00a0<\/p>\n\n\n\n
When you make purchases with your Polam VISA debit or credit card, it\u2019s simple – just a swipe or tap and you\u2019re all set. We don\u2019t actually see the funds leaving our account. However, when you pay with cash, it\u2019s a lot easier to see how much you\u2019re spending at any given moment.<\/p>\n","protected":false},"excerpt":{"rendered":"
We\u2019ve all made impulsive decisions in our lives, and sometimes, those decisions include buying something on the fly that you weren\u2019t initially planning on buying. Sometimes those impulsive purchases are small and won\u2019t make an impact on your budget, but there are other times when such decisions can make a serious dent in your bank … <\/p>\n