Studies have shown that people will spend twice as much on the same item when they pay with a credit card instead of cash. [2] X Research source If you are trying to avoid spending any money at all, you can leave your entire wallet at home as well.
Cutting the cards up is enough, you do not need to formally close out the accounts. Closing a charge account can have a negative impact on your credit score. [3] X Research source It is okay to leave cards active online in order to pay recurring bills, such as utilities.
Every week or so go through and clear out your cookies and cache as well. This will make it more difficult for companies to send ads to you via your computer.
You can also use a phone app or computer program to track your spending and create a budget.
If you already have an emergency fund saved up, then you can find another goal, such as saving for a major vacation or buying a home.
In the future, when a particular emotion hits you, be prepared for a shopping urge to follow and you will be less likely to give into it.
Keep the self-talk positive by telling yourself, “Good job,” once you’ve avoided making a purchase.
Redirect these urges by targeting the core problem. If you shop because you are bored, you will need to keep yourself busy, perhaps by learning something new. If you shop because you are depressed, talking with a counselor could prove helpful.
When asking for help, you might say, “I’ve been struggling with buying things I really don’t need. Do you mind if I call you when I get a shopping urge? Are you willing to help talk me out of it?”
If you cannot afford counseling, talk to the advisor about any free services that they offer. They may provide free financial sessions or group meetings.
Your therapist, working with your doctor, may also suggest that you take a medication to counter your shopping impulses. Anti-depressants are sometimes prescribed to compulsive shoppers. [15] X Research source
