If you feel yourself often giving into impulse buying this could be hurting your finances and cutting off your savings. Most people give into impulse buying at least a few times a month and regret it quickly afterward. If you are trying to save, reducing your impulse buys could help you do this.
Avoid impulse buying by avoiding email reminders from retailers and deleting any shopping app you may have on your phone. By planning your purchases in advance you can avoid picking up unwanted buys.
Know how impulse shopping can trap you so you can avoid this.
Pure Impulse Purchasing
This can be known as the escape impulse as this is the kind of impulse which comes from an emotional reaction which decides on the purchasing of an item outside of your regular buying behaviour. This could be adding on a chocolate bar from the checkout.
Suggestion Impulse purchasing
This is another purchase of something unnecessary and driven by more rationale than emotion. This could be choosing an item on the menu which might be outside of your usual choice but your decision comes from the fact that it is new on the menu despite the higher cost.
Reminder Impulse Purchasing
This could be a repeat item which you have received an email reminder to make that purchase again even if you don’t need it this could be a trigger for you to make this purchase again.
Planned Impulse purchasing
This is done through persuasion by the retailer from promotions which could tempt you into buying something, or even more of a product that really needed.
