If you find yourself in the ever-tightening grip of compulsive buying habits, take a step back and start building habits to steer you away from the path towards compulsive buying disorder. For starters, if you have lots of credit cards, let yourself thin that number down to one credit card. Give that card to someone you trust and adopt a cash-only mentality. Avoid sale seasons because these play on your weakness for getting a deal, but they can lead to frivolous overspending. Seek a professional counselor if you lose control of your spending habits, and don’t wait until you’re facing overwhelming debt to start making positive changes with your shopping habits.
Read the entire article here: How to Stop Compulsive Buying
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Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.