You know the moment – you check your bank account balance and wonder: "Where did all my money go?” These days it's alarmingly easy to lose track of our spending habits, especially with the ease of spending large sums of money by simply flashing you phone or card at a small device. However, being budget-conscious is crucial, especially in times of economic uncertainty. Jason Higgs, Senior Deals Strategist at Bountii , explores four habits that may be costing you more than you realize and how to break free from their grip.
Impulse Purchases Impulse purchases are the silent killers of budgets. Whether it's that ‘buy one, get one free’ offer or the latest tech craze, these spur-of-the-moment buys can quickly add up. Jason warns, “Impulse purchases are the enemy of financial freedom.
They trick you into thinking you're saving money when you're actually spending it.” Jason’s tips to break this habit : Practice the 30-day rule - whenever you feel the urge to buy something unnecessary, wait 30 days before purchasing it. The urge often passes.
Unsubscribe from promotional emails and unfollow brands that tempt you to spend. Leave credit/debit cards at home and only carry cash for essentials when going out. Subscription Services In the age of streaming and subscription boxes, it's easy to accumulate a plethora of monthly charges.
From music and video platforms to meal kits and beauty boxes, these seemingly small fees can snowball into a significant financial burden. As Jas.