If you’re trying to reduce spending, you probably have a few regular overindulgences you’d like to cut out. Instead of focusing on cutting back, discover the triggers that cause you to overspend.
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If you remove the triggers, you’ll remove the temptation and opportunity to overspend. Financial blog VOSA explains how to find these triggers:
To get started, sit down with a piece of paper. Create two columns. One for purchases, one for emotions. Think about the spending patterns in your life. Are there things that consistently come up? Do you have certain emotional associations with those purchases? When I track my spending, I have a line for how I felt making that purchase, so that I can ensure I am spending based on my values and also tracking my potential spending triggers.
Once you find those triggers, you’re one step towards eliminating them. Identifying those triggers are the first step to keeping finances in order.
Check out the link for examples of spending triggers to identify and manage.