How to deter impulse buying

Even the most frugal consumers are faced with the urge to spend. These simple strategies can help you resist temptation and focus on saving.

Make a list and stick to it

As simple as it sounds, a list will help prioritize your shopping and avoid impulse buying. Be prepared for your next shopping venture with only a list of items you need.

Know how much you really make

Oftentimes shoppers mistakenly believe their salary figure represents how much they actually earn. Keep in mind that after taxes, insurance and other deductions, your paycheck might not be as hefty as you think. Better knowledge of your earnings can prevent overspending.

Follow the 30-day rule

Set up a mandatory 30-day waiting period. Whenever you get the urge to splurge, write it down with today’s date. After the month has passed, reconsider the purchase. Do you really need it? More often than not, the answer is no.

Buy things you can return

Sometimes it’s hard to resist an impulse buy. If you find yourself making the splurge, make sure to keep your sales receipts. These purchases often lead to buyer’s remorse and you’ll be happy to know that you can receive a full refund.

A great way to manage your money is through Travis Credit Union’s Access Account. This account allows you to make debit card purchases without the need for writing checks. You can track all of your purchases via Online Banking so you’ll know exactly how much funds you have. Plus, with our Access Account, you can only spend what you have so you’ll avoid incurring any fees for insufficient funds.

To learn more, visit www.traviscu.org/access.

Access Account