3 Mantras to
Prevent Overspending
With the advancement of
technology more and more consumers prefer internet shopping over tradition
window shopping. Undoubtedly, online shopping makes the purchasing easier and
faster but at the same time online shopping has also led to uncontrollable
overspending of money. As we all know online purchase requires no physical
effort and no cash to buy the commodities which gives us the freedom to buy
anything anytime anywhere with just one click or one swipe. And also smartphones
are also contributing their part to make the purchasing easier through various
e commerce applications which also persuades the consumer to buy products
online without giving any second thought. It’s all about how you are unable to
control yourself from overspending as you can’t resist yourself from easy
shopping.
Everything thing has a solution
and we have these 3 Effective Mantras for you to follow in order to prevent
overspending:
Make Savings Account Your First Preference
Usually, people deposit their
paychecks into checking accounts where their wages are readily available for
spending and this is one of the examples of uncontrolled and unplanned spending
of money. The remedy to this situation is preferring savings account over
checking account and the reason is when you deposit the money into savings
account the wages are not immediately available for spending. Once you deposit
your paycheck into savings account, you can transfer the budgeted amount into
checking account which helps you in preventing overspending.
There is one major advantage of
using cash over transaction cards and that it doesn’t allow you to overspend
because you can’t carry lots of cash every time , on the other hand credit/debit
cards are easy to carry and offers you the freedom to spend freely as much as
you can which clearly violates your will to stop overspending. Cash must be used for routine expenses and it
automatically helps you spending your money wisely and in a planned manner. If
you are really serious about saving your money try not to use credit/debit
until and unless you feel the urgency to use it.
Never buy in haste or else you
are going to regret later. Why to spend extra money when you get the some
product in lesser amount? Well that’s
the question you must ask yourself while purchasing something.
If you are in a market and want
to buy some product then don’t stop at one shop and make the purchasing
decision as you never what offers/deal waiting for you in the next shops.
Simply trying to say is keep looking for different shops, compare the prices and quality
and choose the best deal. And I am sure you will end up purchasing the best
deal which not only saves your money but also satisfy your purchasing decision.
As far as online shopping is concerned you must follow the same mantra, you
browse different shopping sites, shortlist the selected products, compare
all the shortlisted products and finally go for purchasing action.