Here are some stopping overshopping tips straight from the front lines of the struggle. They’re from the Web’s “frugalati,” bloggers who share their secrets for cutting down. Kathy M. Kristoff, of Tribune Media Services, assembled these and more in a January 3rd piece.
Katie Dunsworth (www.smartcookies.com) touts “rathers”: “I’d like that pair of designer shoes, but I’d rather save up for a weekend at the spa.” The idea here is to allow yourself some treats, but to limit them by a kind of triage.
Mary Hunt (www.debtproofliving.com) focuses on writing down everything she spends. This enables her to look closely at the distinction between “wants” and “needs,” and allows here to adjust her purchases accordingly.
Denis Cauvier and Alan Lysaght (www.abcsofmakingmoney.com) recommend involving the kids. Offer them a percentage of every dollar they figure out how to save—something between 20% and 33% seems reasonable—and instead of fighting them, you’ll co-opt them.
Susan Kessler (www.thefrugaldiva.com) suggests finding a real hobby instead of shopping for entertainment. It’s far more satisfying and you’ll save a bundle.
Have a look at some of these personal accounts and “out of the box” suggestions. Each provides a unique perspective on stopping overshopping, so you’re sure to find something that speaks to you. See what you can learn from their experiences.
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.