smart spending

5 steps to stop compulsive spending

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Pay in cash

Yarrow has found in her research that people typically spend more money when they pay with credit cards or debit cards. "Charging things makes people feel disconnected from money. They don't look at it like dollars," says Yarrow.

Spending is more real when you actually have to take dollars out of your purse or wallet. That's why she recommends immediately setting aside money from paychecks for bills and taking out the rest in cash. You'll be much less likely to go on a compulsive spending binge because you've got a limited amount of money to spend.


 

 

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