A common prelude to most articles on spending and saving is the emphasis placed only on the economic implications that you will suffer if you overspend. This is true. Many people have filed for bankruptcy because of their poor spending and saving habits. What writers and analysts fail to mention to you is the health implications that could result from your poor spending habits.

6 Unique money-saving practices for disciplined shoppers

Depression, stress and dental problems arise. The latter is associated with the stress that accompanies being broke and spending on what you shouldn’t. You will be able to have a good bank account balance and even better health if you practice the following money saving exercises:

Learn to say NO

And mean it. When you  go to the mall by yourself or with friends and see a beautiful scarf or handbag, you may be enticed to buy it even though you may not need it. This is poor judgment since you already know that you shouldn’t buy it. The prudent thing to do in this case is to say no. You never know, waiting could mean a price reduction the next time you find the item on sale.

Plan

Write down your expenditure and income. You may be tempted to keep a mental record, but that isn’t going to help. By writing down all you need to do, including repaying your debt, saving, paying for utilities, buying groceries etc. you will have an exact picture of your financial status. This will help you determine whether you should buy that new pair of shoes or not.

If you are shopping online, you may want to buy wholesale clothing Los Angeles or bargain for discounts and price cuts. Buying in bulk always saves extra money.

Do not grind your teeth

Why? As mentioned in the introduction, health is forgotten when saving. Grinding teeth is associated with broken or loose teeth. This will cost you money. This is an unconscious habit but you should always try to be aware about what you do. Plus, grinding teeth says that you already doubt your decision, so, let it go.

Be smart about the dynamic pricing trap

Do you ever wonder where online stores get the ideas on what to advertise to you? Or how they seem to know so much about you? How there are always  ads popping on your screen just after you have gotten paid?

The answer is simple – your browser history and your social media pages, as well as your emails provide information about your lifestyle and spending habits which, the stores can use to overcharge you. Fortunately, you can outwit these stores by clearing your cookies and browser history. This way, you will find that the prices charged on that pair of shoes you have been lusting over have dropped drastically.

Leave items in the cart

Online stores dislike hanging or open deals. As they wonder why you didn’t checkout and complete the ordering process. They will embrace a new strategy, email remarketing. By reaching out to you, they may offer you discounts just to have you buy the item(s). You will see the impact of this purchase later on when you check your bank account balance.

Control your impulses

Shopping is addictive. Endorphins and serotonins are released from opiate receptors in the brain giving you a high. This high will drive you to shop when you do not have to. This addiction will drain your bank account. The best way of avoiding this is self-control or seeking psychological help.

Conclusion

Having extra money at your disposal doesn’t give you the go-ahead to go shopping. Instead, choose to save that money and buy that dress or bag only when you really need it. Take note of the advice above for better health and good financial management.

Author Bio: Barrack Diego is an entrepreneur in the fashion industry. He is also a professional financial advisor. His best money advice for fashion entrepreneurs is purchasing wholesale clothing Los Angeles. Read his Blog to learn more on fashion and finance.