A lot of people make wrong financial choices by spending money on things they dont need.
We know human wants are unlimited and this is why it is okay to appeal to your wants once in a while, but you've got to be in control lest your wants dictate your expenses every time you go to stores.
However, to stop spending your money on items you don't really need, here are five things you should do.
1. Use cash only
Most people buy things they don't need on credit or debit card. Using your debit card only makes you spend more on items you'll later find useless. Before going to any store, make a list of what you want to buy, find out the prices of the items and go to the store with cash only.
You really cannot make savings without having a budget plan that guides your spending. You just can't. If you have a budget and follow it, it can be a great way to deter you from buying things you don’t need. It is very simple. once it is not in your budget, don't buy it.
3. Spend money on what is important
Instead of spending money on everything and anything you want, you can build a framework for the important items you need in your life. You can have a scale of preference and make purchases based on those preferences.
4. Wait and think before buying
Waiting and thinking before buying any item could serve as a control mechanism to prevent yourself from impulse buying. Thinking about it could remove the initial emotional reasons that stirred the buying decision.
5. Stop keeping up with the Joneses
Apart from impulse buying another way you can quickly run out of money is to spend your money copying the lifestyle of others who are obviously making more money. Don’t ever try to keep up with anyone, make your money legitimately, spend wisely and invest reasonably.