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How to Control Impulse Buying

Money Tip: Adopt a Cooling Off Period

Just released anything can be super tempting — whether it's the new MacBook Air or the bright colored frocks that we're already seeing for Spring. Of the minute items are just asking to be bought impulsively, but there's a way to control these cravings. Define a cooling off period to give yourself to think about the item, and if you're still lusting after it a few weeks later it's no longer an impulse buy. Just make sure you save the money for it instead of putting it on credit. And for big ticket gadget items, the best idea is to hold out as long as possible because we all know how quickly those prices can change.


Join The Conversation
sundrops sundrops 9 years
I use a cooling off period for everything. SO vital to my otherwise would be ridiculous spending!
em1282 em1282 9 years
Savvy, you are doing such an awesome job! I check your posts daily and they're all so helpful. :) I hear you on the cooling off period...I try to only buy things I really, really need and when I do buy stuff I just want I give it a few days to make sure it's not just my shopper instinct taking over.
chancleta chancleta 9 years
ouch facin8me :( i think you rock savvy to answer the question: i think a cooling off period is an amazing idea that i already utilize with just about everything i purchase hours (or in some cases) days later if the item is still on my mind than i know i'm meant to go back and get it
gigill gigill 9 years
I am definitely one of these people that waits for prices to fall. Usually the technology is pretty decent for the "just released prior-to-the-latest-thing" and you save a bunch of money just for this reason. I'm all for it.
aimeeb aimeeb 9 years
I've done impulse shopping before rarely on huge items though. (thank God) I usually do some research or wait it out...
emalove emalove 9 years
I do this when I'm thinking of making an expensive purchase.
bingkaycoy bingkaycoy 9 years
This is exactly what I do always.
Smart-Living Smart-Living 9 years
facin8me- There's a post going up about this morning's events in about an hour. Savvy
facin8me facin8me 9 years
savvysugar, didn't our economy tank this morning? And the world markets have been tanking for the last two days? and the fed cut the federal funds rate in an unprecedented move? why don't you post on something a tad more important than interview attire and cooling off period??
terryt18 terryt18 9 years
I do that too TidalWave! I was looking for a new mobile and it took me 4 months to choose the right one for me. Every time I got close to buying, I found another site with reviews to read. It was frustrating, but I finally did find the one I wanted. And it was cheaper by then as well.
TidalWave TidalWave 9 years
I just research an item to death. By the time i have scoured every resource and review about it, I no longer want it. OR, there are better ones! I researched gps' for over a year before I finally found a perfect all-around one.
SkinnyMarie SkinnyMarie 9 years
I have been holding off on a new laptop for 4 months. It was hard to save through christmas, but with my birthday coming up and tax refunds, I have my mind set, and my savings started! I can't wait!!!
Lovely_1 Lovely_1 9 years
So me! I try and hold out for as long as I possibly can because I know that in 2 weeks that Wii is going to go from $800 to $500!
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