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Its a heavy psychological and philosophical process but it can be done.
Financial expert Rachel Cruze shared how to do it on herblogon Ramsey Solutions.
Here are eight ways tostop overspending now.
Scour your most recent bank and credit card statements to see exactly what youre spending on.
You should also practice mindfulness in retail environments.
What are you tempted to buy?
What sort of thoughts occur to you when you see something you deem worthy of buying?
Start by listing your monthly income, followed by all your monthly expenses, Cruze wrote.
Carve time aside every week to review the previous weeks spending activity.
It doesnt matter how large (or small) your income is, Cruze wrote.
If youre not tracking your spending, youll never be in control of your money.
In fact, youll always feel like your money is controlling you.
Stick to meal planning and prepping to stay on course here.
Abolish Debt
The most lethal side effect of overspending is accumulating debt.
Cruze recommended going so far as canceling your credit cards.
Take debt completely off the table.
Because without credit, overspending isnt even an option!
Even if youre not clicking to buy on Instagram, the effects of scrolling can still spur spending.
Trust me, youll feel a whole lot lighter!
Before Buying Anything, Take Pause and Ask Questions
Impulse buying is an obvious no-no.
But even planned purchases can be wasteful if you dont put sincere thought into them.
Be interrogative of everything you go to buy in a store.
Will that sweater hold up after a few washes?
Will your kids still be playing with that overpriced toy set?
Will those shoes go with more than one outfit?
Set Financial Goals
Quitting something youve become habituated to is tough.
Especially when it can release endorphins, like spending money often does.
Write these goals down and keep them close by when youre shopping.
Whatever it is, make it specific.
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