Eliminate Impulse Spending With The 3D Method

Eliminate Impulse Spending With The 3D Method

It’s easy to buy things mindlessly, and impulsive spending can destroy your budget and derail your financial goals. For more mindful spending, try what DailyFinance calls the “3D Strategy”.

Photo by Prayitno.

The strategy comes from Ellie Kay, author of Lean Body Fat Wallet. The three D’s simply stand for “determine, distract and delay”. Here’s how it works in practice, according to Ellie Kay:

If you go to the mall and just buy the shoes your son needs, you start out determined not to buy anything you don’t need. Then you see some amazing Jimmy Choo shoes in the window that are on sale, but you know they’re not in your budget.

So you distract yourself by going to the other store and buying your son’s shoes. Then you delay by promising yourself that you’ll come back in a week or two if you can find money in your budget to buy those shoes. Chances are you won’t be back.

It’s an easy enough process to remember, and those steps can go a long way toward making sure your spending is deliberate. For more detail, check out the full post at the link below.

How to Stop Emotional Eating and Spending [DailyFinance]

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