Developing Effective Spending Habits 101
Below is a list of five different spending behaviors prevalent in stores and malls across our land. Some of us may exhibit one particular behavior, but the majority of us will likely identify with two or more of them.
Behavior: Convenience Shopping
Description: You say things like, “It’s on my way,” or, “I don’t have time to look around!”
Behavior: Entitlement Shopping
Description: You say things like, “I’ve had a hard day, and I deserve this!”
Behavior: Hobby Shopping
Description: “What else am I going to do with my best friend?”
Behavior: Impulse or Sale Shopping
Description: You may say things like, “If I wait, it just may not be on sale,” or “I just have to have it now!”
If you identify with one or more of the above behaviors, then make a personal decision to become a disciplined shopper:
A disciplined shopper plans and spends within an established and realistic budget.
“Sales come and sales go, but your money only goes once! – avoid impulse shopping -
If you have any questions, would like to discuss your financial challenges, or are just looking for advice, please contact us at your convenience. As always, we are here to help you and look forward to hearing from you.
1-877-OUT-DEBT (688-3328)
Debt Reduction Services and the National Financial Education Center
Financial Educator, Facilitator, Lecturer, Speaker
A Certified Personal Financial Counselor, Todd Christensen, M.A. is Director of Education for the non-profit National Financial Education Center at Debt Reduction Services Inc, served as President of the Idaho Financial Literacy Coalition from 2006 until 2009, and was asked in 2009 to serve on the Council for Certification of the American Association of Family and Consumer Sciences.