Ways to Stop Overspending Now. Part 1.
Do you ever look at your bank account and wonder, “Where did it all go?” There are probably as many reasons why we overspend as there are reasons why we shouldn’t. The first step in changing our behavior is to recognize the triggers and to consciously confront them when we’re tempted to give in. But if we truly want to overcome overspending in the long run, it’s also important to examine the more deep-seated reasons why we do it. Here are common underlying causes for overspending and how to overcome them. 1. You’re Using Plastic There is something about taking a debit or credit card out of our wallet that is so much easier and less painful than counting multiple bills. The downside of carrying cards is the ease with which you can overspend. The pain of seeing your funds diminish when you hand over cash actually acts an effective barrier to overspending. The Fix: Try using cash only for a week. Hit the ATM on Sunday and take out the amount of money you fe...