Do you have a problem with impulse spending? If so, the first step to controlling it is monitoring your urges. Make it a goal to monitor and track your spending urges over the next week or two.
Keep a small notebook handy, and every time you get an urge to buy something, practical or not, put a little tally in the notebook. Tally every urge, whether it is to buy something online, or at a store, looking at a catalog, thinking about that new iPod while at your desk, or even if it’s multiple urges to buy the same item.
Whether you buy the item or not, just keep track of the urges. Many times the urges are subconscious. You won’t be able to control your spending if you’re not aware of it.
Some other tips, beyond this first step, for controlling impulse spending:
1. Avoid the mall or Walmart…
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