243: How to Stop the Habit of Impulse Buying
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"Great things are not done by impulse, but by a series of small things brought together." - George Elliott
It's no wonder there are majors in college for marketing. The ability for companies to twist your emotions to serve their needs is powerful. That is exactly what it is too. Companies know the psychology behind getting people to buy things. The majority of purchases are just that, impulsive. They don't appeal to logic, but rather want, ego and deservedness.
You don't have to be a pawn though. You can buy things that will add to your life and stem from careful, thoughtful deliberation. It may sound less exciting, but there is nothing exciting about debt, stress and financial worry. That is exactly what remains after the thrill of an impulse purchase has ended.
Listen today to find out the questions to ask yourself when you are on the precipice of a purchasing decision.
Topics Discussed in the Episode
- 3 Reasons why you need to eliminate impulse buying
- The benefit of waiting to make a purchase
- 5 questions to ask yourself before making a purchase
- 5 ways to eliminate the desire to spend impulsively
Question of the Day
What was the last thing you bought impulsively? How do you feel about that item now? Where is it?
Action of the Day
Determine your own waiting time frame for purchases
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