Overspending is all too easy in modern times, and with a tight economy and financial hardship felt by so many it is an even bigger problem than ever. Even those educating themselves on financial strategies and creating budgets find that they still fall into patterns of overspending. Little impulse buys can add up over time, and not everyone even wonders whether they can afford something before they buy it. Before making a purchase, examine whether or not you really need it or are getting the best deal possible. In order to rein in your dangerous overspending behavior you need to alter your shopping mindset, creating a better frame of mind for the long run.
Read the entire article here: Five Tough Questions to Help Tame Overspending
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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.