If you feel that, despite your best intentions, your hard-earned money gets frittered away, you may need to curb your spending.
Sure, shopping is part of life, but there are many reasons why it’s easy to overdo it: the
convenience of tapping and swiping. All the tempting, bright, and shiny things on social media. A boring afternoon that becomes less tedious when you browse for a new laptop.
Spending too much and too often can have consequences. The average American currently has almost $8,000 in high-interest credit card debt, some of which could be due to overspending.
Fortunately, there are effective ways to tackle this issue and take better control of your money. SoFi shares more about what can cause overspending, plus tactics that can help better control spending.
Key points:
• To stop spending money, individuals should identify their spending triggers and understand the emotions behind their spending habits.
• Creating a …