Tagged With impulsive spending


When you spend money impulsively, it isn't necessarily on luxuries. We buy some pretty boring stuff: Household cleaning products, for example. Research shows we like to buy practical, useful things, which makes spending impulsively even more dangerous.


When I was planning my wedding, everyone warned me about "once in a lifetime" mentality, which is basically an excuse to spend money like crazy because it's a special occasion. This mentality doesn't just apply to weddings, though. It can hit during other occasions, too.


To get the most of your money, you should spend on the things you love, not just like. That's easier said than done, of course, but next time you're about to make an impulsive purchase, stop and ask yourself one simple question: what if?