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20 Smart Ways To Curb Impulsive Online Spending

Posted By peronalfynance40 119 days ago on Finance

https://adventuresinfrugalliving.com - I do most of my shopping online but lately, I realized that I’m spending way too much money on online shopping. I’m not in any massive debt because I pay off my credit card on time without incurring interest. In fact, I don’t use my credit card a lot for online shopping. Instead, I use my debit card. But I’ve been wanting to boost my investment contributions and while I saved up quite a bit between last year and this year, I know that I can do a lot better. I’m now making a resolution to spend less money online. If you have a similar goal, here are 20 smart ways to curb impulsive online spending. 1. Mix and Match Your Current Outfits Maybe you’re shopping online for clothes because you think you have nothing to wear. One idea would be to mix and match your current outfits to give your wardrobe a little pizzazz without spending more money. Start by building on all the basics you already have in your closet. These include your basic white T-shirts, jeans, sneakers, maxi skirts, dress pants, and dress shirts. You can make any outfit look fabulous with accessories so keep a stash of necklaces, earrings, rings, and bracelets on hand. Get inspiration from fashion blogs and magazines. 2. Cancel Food Delivery Services If you’ve been spending too much money on online food delivery services even though you have a well-stocked pantry, cancel your subscriptions. Eating out takes a chunk of your income every month, and it would be better to prepare delicious and healthy versions of your favorite takeout meals. For those who want to be adventurous with their cooking, here is a fun random recipe generator. You click on a link and it leads to a random recipe website. 3. Unsubscribe From Retailers’ Mailing Lists This removes much of the temptation from entering your inbox. When you shop online, don’t sign up for new mailing lists. I did this recently, and now I don’t have to worry about being bombarded with the latest online sales on items I know I’ll never use for a long time. Also, delete all shopping apps from your phone to keep from spending too much online. 4. Remove Credit Card Information From Browsers If you have a browser that stores your credit or debit card information such as Google Chrome, you can remove your card information to make it more difficult to shop online mindlessly. If you have Chrome, first go to the Settings section. Then visit the Advanced Settings section and click on Manage Auto-Fill. From there, you will go to the Credit Cards section and delete the stored card information. 5. Find Non-Online Activities To Do Sometimes it helps to curb online shopping by looking for screen-free activities that are more beneficial to you. Maybe you can grab some cookbooks and test out recipes that you can include on your food blog. Ride your bike with the kids around the neighborhood after you help them with homework. Call your best friends or relatives who live out of town. Create a scrapbook with your spouse that includes photos of your best times together. 6. Use Your Computer To Generate More Income Instead of using your computer to spend more money, seek out creative ways to use it for generating more income. When you change your mindset about the most productive way to use the Internet, you can earn more money. Here are a few ways to use your computer to increase your income: Research dividend stocks and buy some of them every few weeks Start and grow your new blog, and look for ways to monetize it Do short online surveys for extra cash Write articles for clients on freelance sites such as Upwork or Freelancer Promote your ecommerce store on social media Create a few podcasts on Anchor.fm Start a Youtube channel 7. Don’t Turn On The Computer Early in The Morning When you first wake up in the morning, don’t rush to your laptop or phone to look for the latest deals at your favorite retailers. Instead, develop a new routine that doesn’t include screens. Use this time for prayer, meditation, writing in your journal, snuggling with your spouse in bed, going for a morning walk, or exercising on your treadmill. 8. Consider The Hours You Work for The Purchases Think about how many hours you work each week and the effort you put into your job daily. Ask yourself if what you’re buying is worth all of the hours spent away from your family at the job before you start shopping online. Do you really want to put all of your blood, sweat, and tears into things that will never help you build wealth and obtain emergency savings? Consider the real purpose of your finances. Use more of your money to save and invest for the future. 9. Get An Accountability Partner Find a relative or friend who manages her money well to hold you accountable for your new goal of spending less money online. When you experience the temptation to overspend, talk to your accountability partner. She might have new suggestions you can use to stick to your goal. In addition, it is a good idea to meet with a licensed counselor who specializes in assisting those with shopping addictions. 10. Get Items From Friends and Family Some items can be requested from friends and family. This is a neat way to not need to shop online. If your daughter needs new outfits but your sister has a few that her daughter can’t wear anymore, ask if you can have those for your daughter to wear. If you need canned goods, your good friend might have a surplus she can share with you. 11. Tear Up And Toss Out Current Retailers’ Passwords Another option is to tear up and toss out all of the passwords from your favorite online retailers’ passwords. This is a drastic step you can take if you feel that your online shopping is out of control. Then wait at least a month before you create new passwords for access to these websites. 12. Shop Outside The House With Only Cash Sometimes you can curb your excess online shopping habits by taking a certain amount of cash and going to places in person. When you run out of the allotted cash, return home. This reduces the temptation to shop online and use your cards at stores in your neighborhood. 13. Don’t Be Lured In To Every Sale Online We all love discounts, but you don’t want to buy things online just because they’re on sale. You might be excited about skinny jeans that are on sale this week, but if you know you won’t wear these jeans a lot, ignore this sale. If you see a sale on canned salmon but you rarely eat fish in general, this discount is actually a waste of money. 14. Ask A Friend To Shop For You Another thing you can do is ask a frugal friend to search for the items you want online and buy them for you as a gift for your upcoming birthday or Christmas. Create a list of items you want and give the list to your friend. She’ll then seek out the best deals and buy the items. This keeps you from getting distracted with items that you don’t want or need. 15. Take A Social Media Break Social media takes up a lot of our time, but it also plays a part in the amount of money we waste on online shopping. If you want to curb your online spending, then you should detox from social media for a few weeks. While you’re taking this break, find more productive things to do. 16. Don’t Apply for New Credit Cards You can resist the temptation to shop online by not applying for new credit cards. When you have easy access to multiple cards, it becomes easier to rack up debt with online shopping. Have one to two cards for regular use and make charges occasionally. 17. Put More Money Towards Things That Matter Find better things to do with your money. Open a brokerage account for your child so that you can help him build wealth for years to come. Visit local nonprofit organizations and donate money as well as volunteer with them. If your parents are struggling financially, use your money to get them back on their feet. 18. Have A No-Spend Month Another idea would be to have a no-spend month where you would take a break from online shopping. Use this time to evaluate your checking accounts and most recent receipts. As you do this, you’ll see just how much money you’ve wasted on frivolous purchases. Then you might decide to make changes to your budget and allocate a smaller percentage of your money for online shopping. 19. Get Excited About Your Long-Term Financial Goals One way to do less online shopping is to think about the financial goals you set for yourself. These goals might include: Going on a family vacation Saving for the kids’ education Your early retirement Increasing your emergency fund Quitting your job to start a new business 20. Get A New Email Address If your current email address has thousands of emails from retailers and you don’t really use it a lot, create a new email account. When you do this, don’t subscribe to the same newsletters that you rarely open. Instead, only receive newsletters from important sources such as your employer, your friends and relatives, your child’s school, and your bank or brokerage firm. This helps you downsize your email address and your digital life is more organized. I recently wrote a post on how I plan to apply minimalism to my finances going forward. One of the best ways to downsize your financial life is to curb your online spending and be grateful for the blessings you have.

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