How to Steer Clear of Impulse Spending

When times are tough and prices are rising, impulse purchases can wreak havoc on your budget. Whether it’s a shiny new gadget or an unexpected coffee run, these seemingly small decisions add up—and fast.

According to Ramsey Solutions, people spend an average of $150 a month on impulse buys. That’s $1,800 a year, or $108,000 over a lifetime—money that could otherwise bolster your retirement fund or cover emergencies like car repairs.

Why Do We Impulse Shop?

Impulse buying is often driven by emotion. That $8 latte may seem like a small indulgence, but it delivers an emotional boost. Shopping itself can feel fun and rewarding, especially when sales promise deals that seem too good to pass up.

Common impulse purchases include clothing, shoes, video games, candles, toys, books, takeout, and premium coffee. While none of these are inherently bad, repeated small splurges can take a big bite out of your financial health.

Steps to Avoid Impulse Spending

Avoiding impulse buys isn’t about never treating yourself—it’s about being intentional. Here’s how to keep those splurges in check:

1. Know Your Goals: Set clear financial priorities. If paying off debt or saving for a vacation is your goal, remind yourself of these before making purchases.
2. Set a Fun Budget: Allocate a specific amount of “fun money” each month. If you know you have $50 for indulgences, you’ll be less likely to overspend.
3. Shop with a Plan: Write a shopping list and stick to it. Don’t grocery shop when you’re hungry or browse stores when you’re feeling down.
4. Delay Gratification: If you spot something you want, don’t buy it immediately. Wait 24 hours—or longer. Often, the desire fades once the initial excitement wears off.
5. Rethink Storage: Let the store serve as your “storage unit.” Instead of cluttering your home with impulse buys, leave items on the shelf. If you really need it, it will still be there later.
6. Ask If It’s a Real Treat: Is the item you’re eyeing something that will truly bring joy, or just a fleeting satisfaction? Reserve your treat money for purchases that genuinely make you happy.

By practicing mindful spending and keeping your goals front and center, you can regain control over your budget and avoid the stress that comes with overspending.