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To combat impulsive spending, consider adopting a 24-hour rule before making significant purchases. When you encounter an expense above a predetermined threshold—be it $20, $50, or more—wait a full day to assess whether the purchase is necessary. This practice allows you time to reflect on your decision, ensuring you spend mindfully rather than impulsively.
4. Adopt a Shopping Alone Policy
Shopping with friends or family can lead to unintended overspending due to distractions or social influences. By committing to shop alone, you create an environment where you can focus on your budget and intentional decisions. A solo shopping experience often translates to sticking closer to your financial plan and avoiding unnecessary purchases.