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)

www.debtreductionservices.org

Debt Reduction Services and the National Financial Education Center
Debt Reduction Services and the National Financial Education Center
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