Can Mindset Moves Help Curb My Spending?
ANSWER
Yes - but first, HALT. That stands for hungry, angry, lonely or tired. “We all have triggers and emotional needs, and shopping is a common behaviour to try to fill those,” says Carrie Rattle, a financial counsellor. These feelings can make you more willing to spend on things you don’t need, so avoid browsing in those headspaces. When buying, ask yourself questions such as, ‘Can I pay off my credit card bill if I buy it?’ or, ‘What will I give up to get it?’ To reduce kneejerk grabs, consider how funds could be better used towards a long-term goal. Think you have a problem with impulse shopping? Write down what you’ve bought and separate the list by wants versus needs, tips…