15 Basic Money Saving Tips

8. Save over Impulse Buying

One of the quickest ways that consumers waste money or spend beyond their means is through impulse buying. Not only does this ruin the well-thought out budget, but it can also result in the individual running a higher-than-desired credit card bill or debt. For most consumes, implementing some ground rules that must be met before proceeding with a big purchase is key to avoiding the impulse buy. Many people will simply add a delay of one to many days before buying the desired item. If they still want it after the defined timeframe, then they proceed with buying it.