Mika
VIP Contributor
Impulse buying is one of the major issues for many people when it comes to managing personal finance. Impulse buying is a situation when you end up buying not because you actually need it but because you liked it momentarily. Because of impulse buying a lot of people are unable to control their expenses and unable to save money. To tackle impulsive buying and save money, you will have to start with setting a monthly budget for wants and wishes (things that you enjoy having and are not your necessities). Stick to the budget to control your spending. For example, if your budget is $100 refrain from making unnecessary purchases once the allocation is exhausted. Planning your spending helps in maintaining financial discipline.