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Savings: 6 Principled Ways To Spend Less To Make More Savings


Apart from the external pressure we face from marketing, our own feelings and habits can give rise to to excessive spending. Such extravagant attitude can affect our savings.

Below you will find six suggestions to help you keep spending under control.

1. Avoid shopping to improve your mood.

Family shopping

Shopping can momentarily lift you out of a bad mood. But when negative feelings return, you may feel even stronger pressure to seek relief through spending.

Instead of shopping to improve your mood, seek out supportive, caring and understanding friends or engage in some physical activity, such as taking a walk to keep you busy and your mind away from shopping.

2. Resist impulse buying.

Stop impulse buying

Do you enjoy the passion of shopping and finding a bargain? If so, you may have this sudden strong and unreflective urge or desire to purchase any items that comes your way.

To fight against such impulse, why not slow down and think realistically about the long-term consequences of buying, owning, and maintaining what you are planning to buy. Stop and remember past impulse purchases that you later regretted. Give yourself a “cooldown” period before making your final decision.

3. Know your financial status.

Know your financial status

It is easier to spend excessively if you are not sure about your financial status. Keep up-to-date records, and know your total financial situation.

Create a realistic monthly spending plan based on your income and past expenses. Track your spending, and compare it with your plan. Ask a trusted friend for help in understanding financial matters that are unfamiliar to you.

4. Do not shop for recreation.

Don’t shop for family recreation

Extravagant shopping malls have turned shopping into entertainment. Although you may visit a mall or browse the Internet simply for enjoyment, much of what you see is designed to stimulate your desire to buy. Shop only when you have a specific purchase in mind, and stick to your plan.

The advertisers are just there to make their money. They can do anything to deceive and persuade the customers to bargain and buy their products. Therefore, be careful. Buy only when you need that thing. Go for your needs and not your wants.

5. Use credit cards wisely.

Credit cards make it easy for you to buy while ignoring the consequences. Try to pay credit card balances in full each month.


Know your credit card’s interest rates and fees, and compare credit offers to find the most affordable cards. Be careful of premium cards that have higher borrowing costs and offer benefits that you do not need. Instead of purchasing on credit, save for larger purchases and pay cash.

Young people are shopping and spending more than ever before. In the United States, teenagers represent a multibillion-dollar annual market.

Parents endeavor to practically protect your children from advertisers. Children are a special target of advertisers, and we understand why that is so. Remember, you cannot entirely protect your children from advertising because it is all over.

Kindly explain to your kids that advertisers have an agenda and that the companies that hire them, want money. They don’t have our best interests in mind.

6. Choose your associations carefully.

Choose your friends well
Choose your friends well

The lifestyle and conversation of your friends greatly influence your desires. If you are overspending to keep pace with your friends, then choose friends who place less emphasis on money and material things.

ADVICE TO PARENTS: Please, stay in control: “Kids put pressure on you to buy, and they really try to break you down. But it is important not to give in. Eventually they learn that they won’t get everything.

As we were raising our daughter, we often talked together as parents about how to be balanced and what limits to set.”—James and Helen.

Limit the exposure: “Our family watches very little television. It’s just not a part of our family routine. We fill time that could be spent watching TV with other activities. We cook and eat together, and our boys are avid readers.”—Emeka and Jenny.


Be a successful shopper. Understand the value of things, the quality of the item before buying. Knowing when to buy can at times be more important than where. Buy only what you need.

Considerable savings can be achieved by comparing store prices. Also, when buying in quantity, check to see which store gives the greatest discount.

Fight against shopping traps. Most supermarkets endeavor to promote impulse buying, hence,  you need to counteract their moves with knowledge, diligence, and discipline.

But you can be the winner. Skillful shoppers can not only stay within their budgets but also save money while shopping. With the above suggestion giving, I am sure, your shopping skills will be improved.

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