Sunday, October 31, 2010

Impulse buying

Impulse buying is when you make a spur of the moment decision to buy something that you hadn't planned on buying before. Usually, you wind up not using the item, and essentially just wasted your money on something that looked great then, but not now. Clearly, we want to prevent impulse buys so you can keep more of your money in your own pocket. Here are a few ways to keep from impulse buys.
1. Make a shopping list of things that you are going to buy- Stick to it
2. Ask yourself, do I really need or want this, if not, put it back. (This is if you don't stick to your list)
3. If you feel that you want or need the item still after thinking about it, wait a day and see if you still want it (this is mostly for large purchases, but I still use it for items above $20.) You probably don't want to use step three if the item you want to buy is cheap (I think I already covered that, sorry).
To sum it up, impulse buys make money for stores and lighten your pockets, so don't do it. Also, sorry or not posting yesterday, and have a Happy Halloween!

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