7 Steps to Stop Compulsive and Impulsive Spending

Do you often spend more than you’d like? Here’s everything you need to know about impulsive vs. compulsive spending.

If you spend hours browsing shopping sites or buy stuff that you know you want and do not need, chances are, you’re an impulsive spender. 

What Is Impulsive Spending?

What Is Compulsive Spending?

Compulsive spending is more of an uncontrollable urge to buy things you don’t need and spend money.

After defining impulsive and compulsive spending and identifying the factors leading to each, let’s look at some of the ways you can avoid this.

Impulsive vs. Compulsive Spending: How to Tackle Them?

The first step toward overcoming your spending habits is to realize that you have a problem and that you need to work on it.

1. Realizing You Have a Problem

Ask yourself what the valid reason for your behavior is and take back control. 

2. Take Back Control of Your Finances

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