I Need to Stop Spending Money!


We all like a little retail therapy now and again. It makes us feel good to see inspirational things in the shops or online.

We might go away but will keep thinking about it and wanting it. Then inevitably we go back and buy it.

It could carry on to be a wonderful feeling or result in guilt. Especially if you have other financial priorities and little money.

Treating yourself now and again is all well and good but when it becomes a regular thing and you simply don't have the disposable income - you may have problems.

It could result in overdrafts, debts from loans or from credit cards. With interest added on, you could be playing catch up for a very long time.

Stop Spending

What are you buying? Clothes, gadgets, fine food and wine? Everyone has an area they are drawn to, but now is the time to prioritize. If you can't afford it, you can't have it!

Check your Bank Balance

Work out your incoming and your outgoings for the month. Include all your income from work, tax credits, child benefits and anything else regularly coming in.

Then look at what goes out. Rent, gas and water bills, tax, telephone bills, insurances and of course your credit cards or loans.

Try not to miss anything out when calculating your outgoings - there will be many which could be quite a shock. Check your bank statements to see exactly what goes where.

If you have any money left over consider what else you will be buying in the month, such as food, drink, any birthday gifts or lunches out.

Focus on Paying Your Debts

Never skip payments on credit cards and loans. Make sure you pay off as much as you can.

If you're paying interest on your credit card, apply for a 0% interest one. Then transfer your balance over to your new one and concentrate on paying it off.

Cancel and cut up the old card to avoid temptation. Do not spend on the new card either! Cut up the PIN number without memorizing it to ensure your credit card doesn't get used.

Stop Window Shopping

If you spend your weekends in town, try and find a new pass time. This will be the only way to avoid seeing the things you want to buy.

Instead, spend time with your family on days out to a (free) park or local attraction.

Encourage your friends to do other things together rather than hang around the shops. Invite them to your place for coffee and a DVD and convince them to save too!

Distract Yourself

If it's Internet shopping you like to do - find something else. Read more books (you have more time than you realize), write that essay or short story you've been meaning to do.

Find hobbies to start up or continue with old ones. It could be anything - cycling, cooking, learning a new language or blogging. Focusing on something more constructive will stop the shopping addiction.

Look at What You Have

If clothes shopping is your weakness, you will probably feel you have absolutely nothing to wear. But in fact you do!

Check what you have in your wardrobe and put outfits together. If you haven't worn something for a while (or never have) look at what it can go with.

Revamp jeans with beads and jewels bought cheaply from a haberdashery. Jazz up pockets for a completely different look.

Add bows to ballet pumps to make them look like a completely different pair of shoes.

Turn up skinny jeans in the spring and you also have some cropped trousers for a 2 in 1 look.

Clothes Swap

If your friends are the same size as you, swap some of your clothes with them. If they are at the back of your wardrobes make some use out of them.

Charity Shopping

Although this is still shopping, try and check out your charity stores for some cheap bargains. Some people give away brand new clothes - so if you are desperate for a new jacket, take a look here instead.

Wanting the Latest Product

If your shopping habits are a little more costly it will be easier to get yourself into debts. Wanting to buy the newest phone, tablet, laptop or games console is difficult when you want to keep up with trends.

Get rid of the old stuff you no longer use by selling them. Try online sites such as ebay or specialized computer stores who trade.

Next save up for your latest item - do not buy it if you can't afford it.

Wait until the buzz has died down a bit and the price gets lowered. Then shop around for the cheapest deal or wait until a store has a sale.

Check Forums for Advice

Sign up to money saving websites with advice on saving money, getting the best deals and cutting back the cost of bills. Check out and join in forums to see where other people are saving money and get email alerts when the sales are on.

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Comments 21 comments

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jenubouka 4 years ago

So true and wonderful advise, live within your means, in fact live under your means to be able to be prepared for emergencies! I live very frugal and hopefully someday I will be able to splurge at my local dollar store!! Quality TP is a far fetched purchase and baby wipes is the all-purpose handy item in my home.

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Hi jen, yeah living under you means is the best way - even if it is really hard to do sometimes.

We all have to prioritize, and these things are luxury items. We can live without them and if we really want something, we have to save :)

thougtforce profile image

thougtforce 4 years ago from Sweden

Many good advices! Most of us have more than we need, and it seems like we have developed a habit of endless spending! I love to shop and it gives me a great feeling to dress in new clothes. And even if I don't have a big problem with overspending, I know that I could survive without many of the things I buy. Some say that we use shopping as a substitute for something that we miss in our life and maybe that is true! It is a good idea to think about our spending habits now and then! Interesting subject and you cover it well!

Voted up, interesting, useful


Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Hi thougtforce, thank you so much for your kind comment.

The online shopping world is quite lethal to me, as when I'm bored I'll start searching for things! I may not intend to look for anything but as soon as something inspires me I just want to spend.

The same thing happened when I was looking at bridal gowns online. I had to have one so we ended up booking a wedding, haha!

unknown spy profile image

unknown spy 4 years ago from Neverland - where children never grow up.

wow thank you for this.. now i will have to think first before making any purchases that i really don't need. great advice!! voted up.

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Hi unknown spy - I hope it helps you save some money for that all important purchase. It helps you appreciate what you buy too!

unknown spy profile image

unknown spy 4 years ago from Neverland - where children never grow up.

really, your hub did help me to think of not overspending and focus only to what i really need. great hubs and topics emma.

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Thank so much for you comments :)

Rusti Mccollum profile image

Rusti Mccollum 4 years ago from Lake Oswego, Oregon

This gave me some really good ideas . I am a spendaholic.Hubby lets me but I know I shouldn't be doing it.Thankyou for other ideas!

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

It can be so tempting to spend money but it's when we look at the bank balance at the end when we realize we shouldn't! Online shopping is the worse for me as it's so convenient.

Thanks for stopping by.

STEVEW13 profile image

STEVEW13 4 years ago from Norwich, England

Money is so easy to spend online when you don't physically have to hand the money over and see the hole left in your wallet or purse. Nice Hub and you write really well :) Thanks for the info. Steve

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Hi Steve, thank you for the compliment and for coming by. I hope some of these tips help.

tipstoretireearly profile image

tipstoretireearly 4 years ago from New York

Avoiding window shopping and online shopping is excellent advice since it removes the temptation to spend. Thanks for the great advice!

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Hi tipstoretireearly, yes the temptation is always there. I have just bought some stuff online but I kept to my limit. Because I can pay it off in bits afterwards, I could have easily run up a huge bill. But I was careful. If I can't be careful, I just don't look!

poshcoffeeco profile image

poshcoffeeco 4 years ago from Cambridgeshire

Great advice here Emma, too many of us, not only in the UK have been living beyond our means for a long time and this has to stop. If you haven't got the money to buyan item you must save up before getting it.

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Hi poshcoffeeco, yep you are absolutely right. Always save up before you think about the purchase!

wynnestudios profile image

wynnestudios 4 years ago from Phoenix, AZ

I love to shop even though I am a man. LOL. I like finding great deals and one thing I do that you mentioned above was shopping at charity locations. My favorite place is Goodwill. Thanks for the hub.

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Men love to shop too, they just don't always admit it!

Finding cheaper places to shop at is a much better option. Thanks for the comment :)

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Thank you Dr Funom Makama!

CyberShelley profile image

CyberShelley 4 years ago

Hello Emma, Congratulations on your 10 000 views! I am trying to save to, best one for me is to ask my husband to do the shopping- he only gets what's on the list! Saves a mint.

Emma Harvey profile image

Emma Harvey 4 years ago from Berkshire, UK Author

Hi CyberShelley - thank you so much, finally got the 10,000!

My husband to be hates my spending, so I also get him to do the shopping! Best way - sometimes ;)

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