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How to Avoid Overspending

I am not a fan of credit cards but do use them from time to time when I don't want funds tied up using a debit card or when I need to delay the payment on a large ticket item. It seems like when I use my card ONCE it loosens my resolve and I find myself swiping it more than I had budgeted! Since I usually use a debit card, here is my tip to put the restraint back in using my credit card:

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Each and every time I swipe it, I place the receipts around the credit card. This simple act reminds me that I will have a bill in the very near future and is usually all the motivation to pay using cash. I can easily tabulate the funds I'll need to pay off the next bill when it arrives and can spend accordingly!

By Diana from Prospect, KY

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Kelly Ann Butterbaugh
August 18, 2006

As a middle and high school teacher I see gross overspending in September. Yes, the students cause most of it with desires for new wardrobes and expensive backpacks; however, most of it comes from well-intentioned parents who go overboard with supplies.

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April 29, 2005

If you tend to overspend when shopping with a certain friend, you might want to either go alone next time. Also, "just browsing" tends to lead to overspending. Think to yourself if you really need this item?

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Kelly Ann Butterbaugh
May 2, 2006

Spontaneous shopping is not only a problem but a habit as well. Have you ever gone shopping because you were bored or because it was a rainy day? This behavior leads to overspending and overcrowding in your home. Instead, follow some rules while shopping to eliminate the desire to purchase.

Swiping a credit card through a machine.

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Budget & Finance ShoppingDecember 17, 2012
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