Impulsive spending can wreck havoc with your budget. A British survey by the energy company npower, showed that men spend about $41.00 per week on impulse purchases, while women showed a bit more control with spending of $30.00 per week.
An impulsive purchase is a purchase that is unplanned and is often for the purpose of making the buyer feel good. Usually the purchases end up unwanted or unused.
Even if you fritter away only $25.00 a week, you have wasted $1,300.00 in a year. What could you do with $1300.00?
Learning to reduce the amount of impulsive spending can make a big difference in your financial future.
Read The Fat Dollar’s article Impulsive Spending – Or How Not to Spend Money