Tamper-Proof Your Good Money Habits With These Hacks
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4. Unsubscribe from store emails and mailings.

Many of us wake up to a litany of emails from our favorite retail outlets proclaiming new arrivals, markdowns and flash sales, which can really pull our purse strings. (Our physical mailboxes can get clogged with enticing catalogues, too.)

If you need help abstaining, the solution is simple: Opt out. “Once you go to the site and see something you like, it can be difficult to hit the pause button and step back to think before you buy,” LaMarche says. “So before even opening the link, scroll to the bottom of the email, unsubscribe and reduce the temptation.”

5. Unstore your credit cards from online shopping sites.

“When sticking to a budget and making a lifestyle change, convenience may actually be a hindrance,” says Certified Financial Planner Joe O’Boyle, founder of O’Boyle Wealth Management.

While easy online shopping tools—like Amazon 1-Click and paying via Paypal—save you time checking out, you’re far more likely to spend money when your credit card information is stored. Retailers know this, of course—it’s why they offer these tools in the first place.

Removing your credit card information from Amazon, Seamless and your other favorite retailers means you’ll have to do more work to complete every purchase. Chances are, as you get up from the computer to grab your wallet, you’ll start rethinking whether you really need what’s in your virtual shopping cart.

6. Sample an all-cash diet.

Whether you commit to all-cash spending for one day a week, a whole month or indefinitely, locking up your credit cards and using paper is a proven way to curb spending.

“By forcing yourself to use cash, you are only able to spend what you are carrying on you,” O’Boyle says. “When handing over cash for a purchase, you are far more likely to feel your hard-earned money being spent, rather than impulsively swiping a credit card.”

He advises padding your wallet with no more than what you’re comfortable spending in a given day.

7. Enlist help from an accountability partner.

Whether you hire a financial planner or ask a partner, friend or family member to help you out, having someone in your life to remind you of your goals is an excellent way to stay on track. That’s because the fear of disappointing someone else can be much more motivating than the idea of disappointing yourself.

Klontz says those who are in committed relationships and have combined finances can further increase their accountability by coming up with a joint spending limit. “You might agree, for example, that any spontaneous purchase above $50 requires that you call the other for prior approval,” he says. “Often, as you start to make the call, you realize the purchase isn’t worth the effort.”

May 31, 2016

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