A huge discount on that ab machine seems like a great deal when you see it in the store, but once you get home, and use it only a couple of times before it sits gathering dust, you realize that perhaps you could have used the money for something else. Money spent is still money spent, and impulse purchases
can be one of the biggest budget-busters out there. Apryl Duncan writes about impulse buying on About.com
“Research shows approximately 66% of all purchase decisions are made in the store. And 53% of those in-store purchases are made on impulse.”
One of the best things you can do is to make a list of what you need, and stick to the list. Institute a “waiting period” for wants. No, you may not get the great deal, but if it isn’t a need, you can save up for it — if you still want it when the waiting period expires.
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