Financial prosperity isn't in the numbers, it's in the head
To spend less, you need to control your budget. Count everything and just stay within budget on every item. But impulsive, emotional behaviour gets in the way of following simple maths.
You know you can't afford that smartphone, but it doesn't matter. You want it now, and some numbers on the price tag can't stop you.
Impulsive behaviour is often seen when budgets are severely cut. For example, a person wants to pay off debts as quickly as possible and this becomes the main item of expenditure, with all other expenditure being severely cut back. In theory, this will help to pay off debts faster, but in practice it does not work, because the person breaks down and spends money on some entertainment.
To avoid such breakdowns, create a realistic budget. Take into account the limited willpower and leave a small window for spending on entertainment and pleasure. This way you are more likely to stay within your budget.
Here are a few techniques that will save you from unplanned, impulsive purchases:
1. Create a list of things you own. When you feel like buying something, check to see if that item is on your list. You can do this without a list: just remember if you have that item and, if it's in good condition, decline the purchase.
2. Think about how much junk has accumulated in your home because of unnecessary purchases.
3. Stay away from the shops that appeal to you the most.
4. Don't store your payment card information on the sites that attract you the most.