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!

People Showed Up Here For What You Have To Say – So Say It

Kate-SpeakingThe clock was dangerously nearing 12:30pm. Tummies were grumbling. Butts were getting sore from sitting too long. Blood sugar levels were dipping.

My talk, Money: A Love Story, was supposed to end the morning session. But the audience’s (and my own) need for a break were obvious.

So I whispered to the organizer:

“I don’t have to speak today. Let’s just take me off the agenda so we can stay on schedule, or at least I’ll just speak for 5 minutes instead of 30.”

It seemed logical. We were running over. There was too much information to cover in too little time. I would just take myself out and make it easier for everyone. Done and done.

During the lunch break I felt a tap on my shoulder. It was the headlining speaker, who’d flown in from Florida to share his expertise with the group.

He said:

“Kate, I heard you asked to be removed from the program or to only speak for 5 minutes. There are people who have driven here to this event to hear you and what you have to say. You will speak for your full time because what you have to share is important.”

The familiar feeling of tears pooling atop my bottom eyelids was there. It was one of those moments of great recognition.

My topic that day was about the importance of valuing ourselves in order to make more money and become a better money manager. Money is all about what we value, and we have to start with ourselves.

Yet, in asking to be removed from the program, I had slipped into an old pattern of undervaluing my own contribution. I was throwing myself under the bus, once again. (We really do teach what we need to learn.)

Sometimes being conscientious of time, resources, and others’ needs is a way of covering up the fact that we don’t value ourselves enough.

When we’re not giving our contribution the credence it deserves, we:

  • apologize for taking up too much space
  • make ourselves small (sometimes literally by scrunching ourselves up or crossing our legs and arms too tightly)
  • keep our hands down even when we have something to say
  • keep our mouths shut
  • take only 15 minutes of the 30 minutes given to us
  • volunteer to be taken off the program

I’m so grateful the gentleman I was sharing the stage with that day said something to me to remind me to honor my contribution.

In the end, I gave my full 30-minute talk and many people came up to me and told me that it was exactly what they needed to hear that day.

Take-home message:

If you don’t speak up, you could be preventing someone from hearing exactly what they needed to. (Tweet it)

So . . .

Show up.

Speak up.

Grab the mic.

Take your time.

Take up space.

Turn up your volume.

Stand up tall.

Sing loud and proud.

Shake what your mama gave you.

And keep yourself on the program.

PERIMENOPAUSE! YAY!

I want to share with you my favorite new book!

The Secret Pleasures of Menopause by Dr. Christiane Northrup.

I have suffered from major PMS symptoms for years. It got worse after having my third baby. To help my symptoms subside, doctors suggested birth control (which I don’t need cause one of us is “fixed”) and for my mood swings…which I swear I never have LOL…wink wink, Prozac was suggested for a quick fix!

I have no desire to be on hormones or anti depressants so I decided to just deal with my monthly “icks”! Now that I am in my 40’s, I have to say, it has been getting a bit more difficult because I am in the perimenopause stage and other crazy things are starting to occur.

Last Spring I had the pleasure of meeting Dr. Northrup’s AMAZING daughter Kate at a Hay House workshop in Boston. I was invited to join she and her friends for lunch during the break. It was interesting, out of all the people attending this workshop, that I would meet Kate. My best friend, Lori, had been begging me to read Dr. Northrup’s books for years, and I never had. It was if there were angels above saying “you ask for help and you shall receive”. Here she is! After explaining, to Kate, my crazy struggle with trying to find a doctor who could help me deal with my symptoms naturally, she suggested that I read her mom’s book.

It has taken me quite a while to read her book…because I have very little downtime to read …however it is SO WORTH IT! I have a whole new outlook on what I am going through! The great thing is – it is NOT A NEGATIVE ONE!

After reading her book, I am embracing the change, feeling blessed to be at this point in my life, and realizing that a lot of the “ickiness” can be alleviated naturally. Already I am feeling better. You have to read it for yourself to understand. Menopause may entail some uncomfortable physical feelings that come and go…yet it is so worth it when you realize what this time of our lives is really all about!

The Secret Pleasures of Menopause is a groundbreaking book that is long overdue! Christiane Northrup, M.D., delivers a breakthrough message that will help millions and millions of perimenopausal and menopausal women just like you understand that at menopause . . . life has just begun! It is the beginning of a very exciting and fulfilling time, full of pleasure beyond your wildest dreams!

By Rob Fowler