Unplanned buying: How to Nip it in the Bud

 

Unplanned Buying: How to Nip it in the Bud

Greetings great minds!  How have you been? Hope your year is going on well as planned?  Glory to God, we are  just a month away from the end of the year, December 2021👏👍, the crowning month and to many, the most wonderful time of the year💖💃🎉🥳.

Apart from the Christmas holiday in December, the last quarter of the year is characterized by endless festivities, vacations, shopping sprees and other spendings. A time when most people throw caution to the wind only to be haunted by the consequences of their actions and inactions; and most times they are not pleasant at all🤨😟

Thinking 🤔🤔🤔of the possible fall out of some hasty decisions people make especially at the end of the year, I thought to write about Unplanned/Impulse spending. I guess not many will find this topic new; if so, please let this serve as a reminder to what we already know about the dangers unplanned buying portends.

Unplanned buying is an account wrecker, a venture many aren’t quite conscious of (it can be creepy, you know🤔).

Unplanned Buying: Is the momentary spontaneous predisposition of a person to purchase goods or services without prior plan or need for it. This act too frequently, is a result of a psychology pinch triggered by external factors rather than the need for the product or service. Appeal most times is  the catch here.

Manufacturers, wholesalers, marketers, advertisers and others in the chain of distribution of goods and services obviously know the effect of attraction and have capitalised on it to get consumers’ patronage.

This kind of spending/ buying goes beyond the occasional spending of few notes to indulge your appetite or craving to consistently submitting to triggers at any given opportunity😳.

They say an unplanned buyer can be either an impulsive or compulsive shopper; However and whichever🤷, at the end they are both devastating, resulting in the following and even more: Financial recklessness, addiction, Low self-esteem,  to mention but a few.

Corroborating the ills of unplanned buying, Michele Micheletti has this👇👇👇 to say and I concur:

 “Shopping involves more than just economic considerations like the relationship between material quality and price. There are social, ethical, and political issues embedded in shopping decisions as well. Yet most of us do not give a lot of conscious thought to what can be called the politics of a product”.

A guide to check this behaviour: Having identified that this is a problem, though not exhaustive, these are some of the ways 👌 it can be  checked and possibly stopped👇👇👇

         1.           Recognize that it is a problem: Appreciate that it is a challenge and work on how to address it by seeking further information and knowledge. However, don’t be too hard on yourself because breaking a habit is a process that takes a time.

         2.           Enlist a shopping partner: Make sure to always shop with a trusted friend or loved ones and make it a duty to rethink your pick before paying (give it some days more).  Have a conversation with yourself about

         3.             Shop in the right frame of mind: Don’t shop under intense emotions such as fatigue, anxiety, anger or excitement, e.t.c.

         4. Buy only what you need: Make a list of your needs vis-à-vis income and budget and stick to your plan. Understand that the manufacturers, wholesalers, and marketers are out to get you spend your income. Apart from your need, make sure to shop for value.

         5.           Don’t buy on credit: except for some specific important things, as much as possible, avoid buying on credit. Avoid all “take and pay later merchants”, pay in cash until you are disciplined enough.

         6.             Avoid all tempting triggers and routes including sales and promotions: stay away from whatever it is that propels you to spend. If window shopping sets the tone, then you might reconsider other activities like: reading, writing painting, sports volunteering e.t.c. Learning something new won’t be a bad idea either.

         7.                        Appreciate yourself and all you have: making it a duty to appreciate what you’ve got will take away the urge to fill-in the gap by shopping and it will keep you in line with your plan.

         8.             At close intervals, analyze your expenditures and keep re-strategising until you achieve the desired spending discipline.

         9.             Seek Help: If all of the above doesn’t help, seek help from professional psychologist or other professionals if necessary. Let someone know you that you are challenged, research and discuss with friends and loved ones. Joining a support group can be very helpful too.

 It is my fervent hope that this piece will get someone thinking and will cause a change as I leave you with these quotes and admonitions:

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years” Warren Buffet. 

“Beware of overspending and impulse buying due to stress. It will make you feel worse when the bill comes” Dave L. Ramsey.

If you by any chance appreciate this post, please don’t forget to like, follow, share and or leave a comment. Do have a blessed month!

Hoping someone will exhale, smile, learn and be motivated today! ✌️✌️🤗🤗.

Published by Avoswahi

I am a Media and Public Relations Professional. I am a Motivator. I am a Simple and easy going, a happy Person. I appreciate books, music, movies and other creative works. I am Committed to positively impacting the world. I am a Nigeria! I am simply a healing soul, on a quest to create beautiful 🥰 moments and memories of hope, laughter and faith. Hoping to learn and share. I love life, faith, arts, communication, music, books, family, freedom, peace, grace, fashion, writing, photography, colours, architecture, Construction, plants…. Now you know, my list is endless 😂.

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