On Saturday afternoon, my friend called me and told me that she was about to spend $1,500 on a 100% unplanned purchase for something she didn’t need. Then, she got mad at me when I wasn’t supportive! I was shocked that this friend, normally very fiscally responsibly, made such an impulsive buy.
I can admit that I have been guilty of the occasional impulse buy. Impulse spending can add up fast, and usually leads to clutter that you don’t want, so it is important to know how to do it the right way.