How to Stop Impulsive Spending in 5 Simple Steps

By Kate Northrup

Have you ever bought something that in the moment felt like the best purchase EVER, only to wonder what the heck you were thinking when you got your credit card bill three weeks later?

If so, you may have fallen prey to impulsive spending.

Money is a deeply emotional issue. Anyone who tells you otherwise is either lying or totally out of touch.

We buy things because we want to feel a certain way: abundant, pretty, comfortable, sexy, etc. But the truth is, the path to long-term, sustainable happiness is not actually paved in paper and plastic (bills and credit cards, that is.)

Just like alcohol, drugs, food, sex, and any other vice you can name, spending money can be a way to numb out. Sometimes we’re trying to avoid feeling what we’re feeling so we pull out our credit card.

So how do we stop impulsive spending? How do we make smarter, more mindful spending decisions that actually DO contribute to sustainable happiness and financial well-being?

I’m so glad you asked because this week’s Financial Freedom Friday episode covers this topic in depth.

Watch the video below to get 5 simple steps you can take to stop impulsive spending before it even starts. Your bank account, credit card balances, savings account, and peace of mind will all thank you 🙂

Share the #MoneyLove:

Stop impulsive spending before it even starts in 5 simple steps: http://bit.ly/17pH9Aw (Tweet it!)

Over to you:

When do you find yourself the most prone to impulsive spending? What other tips do you have for stopping impulsive spending? Leave a comment below!

Author: katenorthrup

Kate Northrup is a professional freedom seeker and creative entrepreneur. She created financial freedom for herself at the age of 28 through building a team of more than 3,000 wellness entrepreneurs in the network marketing industry. Her philosophy is that if you free yourself financially you can be fully present to your purpose on the planet. She’s committed to empowering as many people as possible to have the ultimate luxury in life: choice. Kate has spoken to audiences of thousands with Hay House, Wanderlust, USANA Health Sciences, and more. She’s writing her first book, Money: A Love Story, Untangling Your Financial Woes, Creating the Life You Really Want, and Living Your Purpose (Hay House, September 2013). She also continues to mentor entrepreneurs through her network marketing team, The Freedom Family. Find out more and take her free quiz to find out what your relationship with money says about you at katenorthrup.com. View all posts by katenorthrup