#adulting: 3 Simple Tips to Avoid Overspending Online
With the recently passed 11.11 and 12.12, you may have been tempted by the many sales and promotions from all the shopping sites. However, once the mood passes and you find yourself surrounded by your unplanned purchases, you might question why they were bought. Impulsive buying is common, especially with online shopping. There are many traps set by online stores to promote impulse buying, such as those here. Though we cannot change the features of online stores, we can protect ourselves by learning how to avoid overspending when shopping online with some tips and tricks.
1.Set aside budget for shopping online
To prevent overspending on impulsive buying, you can set aside a budget for all your online shopping purposes. For example, if you know you like to buy things impulsively while you shop on sites, you can set aside a special bank account just for this purpose. This way, you are not tapping into all your financial wealth. Another benefit to setting aside a budget for online shopping is that you can easily keep track of your spending. This then makes it easier for you to make a financial plan.
2. Limit yourself to only a debit card
To prevent overspending with impulsive buys, you can limit yourself to only using one debit card when spending online. Unlike a credit card, a debit card requires you to have the money before you can spend. By allocating the budget you have in #1 above specifically towards this card, you are physically unable to overspend.
3. Don’t save your card details on shopping sites
One way you can avoid overspending while shopping online is to not save your card details on shopping sites. This way, you will need to take time to key in your card details. This time can help you to process and internalise your purchase. With a little inconvenience, you are more likely to think about whether you really want the item or if it was just a temptation in the heat of the moment.
Now that you know more about how to avoid overspending on impulsive buys online, you can get better at other aspects of money management through this article.