Struggling with an online shopping addiction? It can be easy to mindlessly spend money on the internet—just as easy as it is to forget that the cost of your daily latte adds up over time.
Use these tips to tug the reins on your online spending:
Readjust Your Sticker Expectations
As a frequent shopper, you can quickly become disillusioned with pricing systems and dull your system to the amount of money you’re actually paying for items. With the sheer number of items available for purchase on the internet, this “saturation effect” can be increased tenfold online.
The first step to dialing in your online shopping habits is to reacquaint yourself with reasonable price tags.
Start hunting for coupons whenever possible, and adjust yourself to the idea that you should never pay full price for anything unless you absolutely must.
Want it? Take a Breather
Found something online you can’t possibly live without? Take a deep breath, click away from the page, and focus on something else for a while.
If, after a few hours (or a few days), you’re still thinking about the product, then you can think about finalizing your purchase.
This waiting game allows for a few things to happen. One, you’ll cut down on your impulse purchases by giving yourself time to forget about the instant gratification. And two, you have the chance to attract an abandoned cart email with a follow-up discount code, which will come in handy if you decide to purchase after all.
It WILL Go On Sale
This is the ultimate waiting game, but there’s truth in it. If you want something, wait it out. Even if the brand is playing a FOMO game with your mind, most items won’t sell out and will go on sale at some point in the future.
By waiting around for better prices, you might decide you actually don’t need the item.
And if you do end up purchasing, you’ll spend less than you would have on an impulse-buy. It’s a budget-friendly win-win!
…But That Doesn’t Mean You Should Buy Everything
Sales are great—but just because something is on sale does not mean that you should buy it. Getting a great deal is only great if it’s something you were intending to buy in the first place: a coupon does not mean it's a good purchase.
(Although, you can make some great purchases with coupons!)
Shop Smarter, Not Harder
Just because you’re taking up sale-shopping and coupon-hunting doesn’t mean you need to fill every spare hour with thoughts of online shopping. In fact, it should mean the exact opposite.
The professionals at coupon sites like Savings.com can save you time (and money) by finding the deals for you (when you need them).
You can shop for what you want, when you want—and avoid temptation when you’re not in the market.
Plan Your Online Budget
Lastly, spend some time calculating how much money you’re actually spending online. That number might be a lot higher than you think.
It’s easy to overspend online because the money doesn’t feel real. You add to cart, fill in your online payment method, and click “purchase” — it’s all very disconnected, and that doesn’t work in favor of your bank account.
Once you’ve figured out your spending habits, try setting budget limits and shopping smarter online when you do shop. Not only will it help you to break an addiction, but you’ll come out financially stronger (and coupon-savvy!).
Struggling to dial back on shopping expenses can be tough! Your suggestions will be helpful to many! Thanks for sharing!
Home Jobs By Mom
A lot of us probably need to cut back on shopping thanks to COVID
Thank you for these suggestions. I do not have this issue but I have a relative who does and I needed something that was in printing for them to read that would be helpful.
Home Jobs By Mom
I’m sorry your family member has a shopping addiction. It’s hard to deal with sometimes because it just seems fun.
I do find that having a set budget and reminding myself of it helps a lot. It makes it easier to enjoy what I’ve purchased when I’m not so worried about paying for it after.
Home Jobs By Mom
I always set a shopping budget no matter what I am buying. Helps loads!