How to Curb Spending Habits

This post about curbing spending habits is brought to you by Atlantic Lexus.

Are you sinking into debt? Do you have a spending habit that you simply cannot break? We all fall into the trap of overspending from time to time and then need tips on getting back out of that cycle. If you are facing the reality that you have a spending problem, then please read this article for tips on how to curb spending habits.

6 Ways to Curb Spending Habits

 

How to Curb Spending Habits

Set Long-Term Goals

 

You will only succeed in curbing spending habits if know what goals you have in mind. Set long-term goals to save towards something you want, this can be as simple as saving to have an emergency fund. Figure out what you want to do with the money saved from breaking your spending habit and write it down.

Know Want vs Need

 

The biggest reason many fall into the spending habit is that they stop the recognition process of a want vs a need. Make a list of needs that you have within the household, and then evaluate what you have been spending money on that isn’t a need. Make a commitment you will not spend any money on wanted items.

Shop with a List

 

I don’t know how many times I have ventured into the grocery store without a list. This is the easiest way to curb spending habits. Make a list of items that you need before you head out the door, this will keep you on track and spending less with every store visit.

Use Cash Only

 

We live in a society where debit and credit cards are easier to use than cash, but that is what creates a spending habit. Learn to use cash more often and cards less. Consider giving yourself a weekly cash allowance, so that you can only spend that cash on wants and when that cash runs out, you don’t replenish until next week.  Buying a new to you car with cash is an empowering feeling.

Avoid Spending Triggers

 

If you really want to curb spending habits then you must take time to evaluate where you are tempted to spend the most money. Write down what you have for spending triggers and use this information as a means to curb spending habits without much effort. This is a great way to know your weaknesses too.

Look for Savings

 

Lastly, you will want to be smart about what you do spend your money on. One way to curb spending habits is to start learning how to spend frugally. Look for savings, digital coupons, and deals prior to going shopping. If you have a smartphone, there are many apps to help you find the best savings.

There you have it a few easy to follow tips on how to curb spending habits. These tips will leave you feeling refreshed, less broke, and able to take back control. When you have control of spending back in your life, you will find you have some extra cash to spend elsewhere.

About Ashley

Ashley is very happily married and the mother to a beautiful little girl and handsome little boy. She is the main voice behind Embracing Homemaking.

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