How To Control Your Impulse Purchases

[1:40] We've all had the moment when you see something you like, you want it and next thing you know your credit card is in your hand.

Katie hasn't done any massive impulse purchases but it's super easy to just get something in your hand and be ready to pay for it. Impulse purchases are actually a very common thing, it can be expensive items. One of the biggest items is your personality - are you materialistic It literally becomes a habit and people start to expect you to have the latest stuff Be careful about the company you keep

[4:55] This is exceptionally relevant for people trying to get out of debt.

Forming a habit, it starts compounding and adds up so quickly. 3 or 4 days later you've forgotten about your purchase and you end up spending more 

[6:21] So what are some of the best things you can do to control your impulse purchases?

Be mindful of the company you keep - find someone that is trying to accomplish something with money It's easy to feel lonely when you're trying to pay off debt To combat impulse purchasing, create a waiting list - set a number of days, e.g. 30. You can't buy the item if you have to wait. Seeing the fine line between the value of something given the benefit Avoid using your credit cards Always remember what your goals are Start avoiding stores :)