The
evils of overspending are too many to count. And, the key to controlling your
habit of overspending is to identify the kind of overspender you are. There are
so many people who do not even understand that there actually are many types of
overspenders
– let alone figure out the kind of overspender they are. We are offering you a
rundown of the types of overspenders out there so that you know who exactly you
are and where exactly you can curtail.
Read
on to explore.
You’re an impulsive and compulsive buyer
You
know that you are a compulsive spender when your expenditures are not really
backed by the solid reasons. Have you gone on to invest in a music system
impulsively just because you have had a single bad day at work – and have
conveniently forgotten to use it every day as well? You are buying items just
to battle negative feelings but are not using them. Do acknowledge the fact
that you are a compulsive buyer. They are offering you temporary relief but are
definitely eating on your savings.
The Secret Shopper and the Consequences of Secret Shopping
You
are the secret shopper. There are so many of us who have actually gone on to
secure credit cards without informing our respective spouses. How many times
have you bought electronic items just to hide them from your elders so that you
don’t get chided for unnecessary expenses? Do know for a fact that you are a secret
shopper. The consequences of these tendencies cannot be necessarily termed as
financial. They can even go on to ruin your personal relations.
Are you a Deal Shopper?
You
are the dealshopper. You want to make the most of the coupons and deals
that are ubiquitous nowadays. The problem is they are ubiquitous. Do you think
that it is almost impossible for you to keep yourself away from a deal? The
problem is how exactly do you keep up with all the deals and discounts that are
offered almost every day by some brand or coupon site or the other? You are a
compulsive deal hunter — which is good if you need items. However, if you are
spending even on discounted items when you don’t need them then you are
actually doing more harm to your finances than what you can actually imagine!
You are an over spender! It, of course, goes on to defeat the whole purpose of
looking for the deals at the first place!
Spending is Plain Competition for You!
You
are actually over spending because you need to keep up with everyone else. You
are buying an expensive car just because it will look good at your driveway
much to your neighbors’ envy and not because you need it. At the heart of your
efforts towards stopping your habit of overspending is self-analysis. Understand why you are overspending and then go on to mend your ways. Making a
budget and of course sticking to it every month consciously doing away with your
tendencies is key to addressing this situation.