Figure out what it is that makes you spend money so compulsively. Are you unhappy with your life, your partner, your living situation, family, or friends? Do you feel depressed and shopping makes you feel better for the moment? Make a list of reasons why you compulsively spend money on things. Try to pinpoint what it is in your life that is creating this need to spend money on items in a compulsive manner.
When shopping for items such as clothes, groceries, or household items, think about what you really need before you spend compulsively. Do you really need another purse, that pair of shoes, or another blender? Or is it the immediate thought of buying that item that makes you feel good? Think about the things your purchasing before you spend money compulsively on something you do not need. Be sure that the item you want is something that you’ll use and have had a need for. If not, put the item back. If you really truly find yourself wanting it later, you can go back for it then. Often times you’ll find that when the item is out of sight, it is also out of mind.
Talk to friends and family about your spending habits. Do they think you have a compulsive spending problem? How do they view your money habits? Listen completely to what they have to say even if you don’t want to hear it. The things your friends and family tell you about your compulsive spending may hurt, but you need to listen. Others on the outside of a situation can see much clearer than we can see inside ourselves. If compulsive spending has created issues in your family life, friendships, finances, or with your personal life, then it may be time to listen hard to what others are trying to tell you so that you can see it for yourself.
Talk to a counselor about your compulsive spending habits. If you realize that you have a problem spending money consistently on things you and your family do not need, then seek help. It’s okay to admit you have a problem with compulsive spending, in fact…many people do. Listen to your counselor to find ways to put a stop to your excessive spending and try his suggestions for awhile. Not only will you find you have more money for bills, groceries, and living expenses, but you may also find the culprit to your compulsive spending such as stress, a mental illness (depression, anxiety,…etc), or the need to fill a void. It’s far better to get help with your compulsive spending now than to push away the people you love and care about because of an obsessive habit.
Put yourself on a budget to curb compulsive spending habits. Enlist the help of friends and family if you need to. Get a hold of your finances before they control you so that you can get out of debt and fix troubled relationships that have been harmed by your compulsive spending. Have your spouse, partner, a family member, or close friend put you on a budget where you only get $50 a week to spend on yourself. This will allow you to still shop for things you want, but not go overboard with spending money. Try it for a few weeks and see how much you save and how much better you feel from putting a stop to compulsive spending habits.