How to Resist the Urge to Spend-3TIPS

How to Resist the Urge to Spend-3TIPSHow to Resist the Urge to Spend-3TIPS

We all have an urge to spend, the issue is how do you control it so that it does not control you? Have you ever thought of the negative impacts of over spending?  Just off my head I can imagine unpaid utility bills, hence no electricity, no water or even a possible eviction notice or maybe huge debts.

As a parent myself how does one explain to the kids the lack of water,  electricity ,family has to move from the family home due being evicted because of unpaid rent or mortgage.  The reason being that one family member went on a shopping spree and forgot about the most important things.  Are we not suppose to provide and protect these little ones? Having said that spending is not a bad thing but like everything else it has to be done in moderation.

How to Resist the Urge to Spend-3TIPS

How to Resist the Urge to Spend-3TIPS                                                    Photographer: Jemie-Nicole

I bought my 7 year old a new pair of shoes, I noticed that on the first night she kept the shoes in the box and put them next to her pillow.    I am sure by the weekend this excitement will be over and if she sees a shoe in a catalogue she would be wanting it. We all like new things and get excited about wearing that beautiful dress or shoe that we just purchased.  However the problem is the newness doesn’t last forever.  Before we know it there will be something else we want.

So to curb this urge to spend I have come up with 3  questions which must all have a yes tick before I can spend

How to Resist the Urge to Spend-3TIPS
How to Resist the Urge to Spend-3TIPS

1.Can I afford it?
If I can’t then I can’t have it because living within my means to me is doing the things that I can afford.  This means I have to spend what I have and not what someone else has.  The other option I give myself especially for furniture is to use laybys.

2.Do I want it or need it?
There is a great difference between a want and a need. For instance when I go to the shopping mall I always see things that I like.  However I have noticed that if I go to let’s say roughly 5 different shops, there is a chance that in 3 of the shops I would find something that I really like.  So you see these are wants, because I have seen, now I want them.  If I needed them I would leave my house with a shopping list of my needs.

3.Is it in the budget?
This means did I allocate money aside to buy this particular item. If I did not then I will have to put it in the next budget.  This is financial discipline right there.  This ensures that I do not spend an allocation which is supposed to go to kids school fees.  Most important the budget must be done before the money comes in the bank account.

How to Resist the Urge to Spend-3TIPS
How to Resist the Urge to Spend-3TIPS

Remember temptation to spend always comes in the things that we like otherwise it would not be temptation. So Just Resist It.

Feel free to share on the comments below the strategies you use to resist temptation to spend.

Love & blessing,

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