The holidays are quickly approaching. With little time and a lot going on, it is easy to purchase items “just in case.” Or, it might be  special something catches your eye when it is advertised on Instagram. Overpurchasing can lead to clutter, financial strain, and unnecessary stress. It’s become common because of the speed of life.  Here’s how to break the cycle of over-purchasing and freshen up your resolve to your financial goals.

Understanding Overpurchasing

On the surface, overpurchasing seems to be an easy solution when you have so little time and many things to do. Overpurchasing happens when you need a solution, but don’t know all the details like how many items are required or you want to get ahead for an activity so you are ready for a project. However, there are deeper reasons why overpurchasing happens. Overshopping can often be an emotional response to stress, boredom, or unhappiness.  A new purchase might seem to make you happy at that time. There is also the lure of a good deal. Sales and discounts create a sense of urgency and fear of missing out. These feelings can be a reason behind additional purchases.

Strategies for Breaking the Cycle

• Start with a list. Like your grocery list, items on a list are an intentional purchase based on a need in your home. This routine will help you be intentional about your needs, as opposed to an impulsive purchase.
• Create a routine for returns. When a purchase is unnecessary or an over purchase occurs, you can rectify this situation with a quick return. With so many online purchases, set a day once a week to make returns.
• Organize and take inventory of what you own. Over-purchasing happens when you can’t find what you need quickly. Inventory categories where quick purchases happen. Make it easy to find what you need and put away items after use.
• Set a budget for discretionary spending and stick to it. Track your expenses to stay accountable. Taking the extra step of tracking increases your awareness of impulsive purchases.
• Track your purchases monthly and review where you are spending. Use online tools to help you find extra subscriptions that you do not want or need.
• Choose new experiences to help you enjoy time outside. Choose walking, hiking, or biking to enjoy time in green space instead of online. You will also sleep better as well.
• Practice gratitude for what you have to shift from what you lack to what you have. This reduces your desire to acquire.

Overpurchasing situations occur less often when you are mindful of your routines and when you take time for your Weekly Planning. Your knowledge about your purchases gives you data to use your resources wisely according to your financial goals. Try out these new strategies to prevent stress by being proactive.