facebookHave always been quite thrifty but somehow last year I have made some impulse purchases due to my 'wants' & with the thinking that these purchases are within my means.. - Seedly

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Anonymous

01 Jan 2023

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Random

Have always been quite thrifty but somehow last year I have made some impulse purchases due to my 'wants' & with the thinking that these purchases are within my means..

Now I am having buyer's remorse & couldn't bear to use the items I bought. The money I have spend could have been put in better use... How do you control impulse purchases and reduce buyer's remorse?

Discussion (13)

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Since you have already bought the items, you should just accept that you have made the purchase and use the items. If you really couldnā€™t bear to use, you can consider selling or giving them away as gifts, giving the items another purpose.

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Here are some ways I use to control impulse spending:

  1. Donā€™t open shopping apps at night. I often rush to check out when itā€™s late at night.

  2. Leave items in the shopping cart and quit the app, eventually you will forget about the items

  3. If thereā€™s something I want from a physical store, I would usually take a picture of the item and give myself a week to think about it. Usually I will not remember about the item.

  4. BUDGET! I use an expense tracker, Planner Bee, to create budgets for myself. Every time before I buy something, I would open the app to check if I have the budget to do so.

Hope these tips are useful since they worked for me!

Control impulse purchases:

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I will use the idea of sale to trick the mind. buying during a sale will be cheaper, but big sale only happens during the few big dates in a calender year. So maybe can try that. so wait lor..haha

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reduce buyer's remorse:

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sell away item, gift to family or loved ones.

To control impulse purchases, I try not to buy on the spot even when the temptation to do so is high. Give yourself time to think about it - whether you really need the item or will you really use the item frequently if bought etc. For online shopping, I will do the same by first adding to my cart without purchasing first to give myself sometime to think.

For big ticket items that I really want, I usually wait for the year end sale etc to buy to save some bucks.

The money you've spent is sunk cost.

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Not using the items is the ultimate waste of the money already spent :) you should use the item well, give it away or sell it To recover some money.

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Control impulses - you may want to keep how you are feeling in mind so you don't make impulsive purchases. Always think about whether you have a real use for it. I used to buy on impulse when I see discounts, but even if you 'save' 70%, you are still spending 30% (as opposed to 0 if you don't buy at all)

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Vernice Ng

03 Jan 2023

Community Manager at Seedly

You can try selling or gifting them away if you can't bear to use? usually I control my impulse purc...

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