(T)ime of Day
Is there a time when you have more energy? Shop at times of the day when you have more energy and feel less stressed and pressured so that you will be able to make wiser choices.
Are there certain environments that cause you to want to spend or make you feel obligated to spend just because you’re there? For example craft fairs, home shows, malls, electronics stores, when you’re on holidays or away from home on business are all times when it’s easier to spend impulsively. Limit your opportunities to spend in such environments by either not going there or keeping your money safe from yourself. More on that next!
Certain moods and emotional states deplete your energy resources and can make you more prone to impulse purchasing. Other moods colour your shopping with “rose coloured stickers” and everything looks like a great deal. Identify the moods that affect your spending behaviours: happy, sad, hungry, tired, distracted… and find ways to not shop during moods that will cause you to impulse buy.
Is there a certain store or city that’s your weakness? Do you like to shop for craft supplies at a favourite store? Do you like to wander the aisles in the home improvement or tool store looking for great deals or ideas? Maybe you find yourself impulse shopping when you visit a certain city. If there is a place to avoid, do all that you can to limit your opportunities to go there. If you must still go, then keep your money safe from yourself… more on that shortly.
Is there a specific holiday or tradition that causes you to impulse buy? Does shopping with a certain friend contribute to unplanned spending? Do you spend impulsively when you know that you’ll be getting a lump sum of money but you haven’t got it yet, e.g. a bonus at work? Occasion-determined spending can be best controlled by having a budget that allows for seasonal and irregular expenses.Keeping your money safe from yourself will assist with this as well.