How Students Can Avoid Making Impulse Purchases

It's a good idea to get into the habit of avoiding impulse purchases, especially when you're in college. With economic changes and challenges in the future, you'll be glad you learned how to save your money instead of spending it on a whim. Schools offering Procurement degrees can also be found in these popular choices.

student

Avoiding Impulse Purchases

You're on the bus to campus when you spot someone playing with their new iPad, and the longer you watch, the more you want one. But impulse purchases can get you in big trouble if they lead you to live outside your means and waste your money. The following tips can help keep your spending under control.

Keep a Tight Budget

Knowing your budget is the first step in determining your disposable income. You have to make sure all your bills are paid first. Then you can see how much you've got left over for going out or buying a new toy. If the money isn't there, that's probably a good sign you don't need a new purchase.

Prioritize Your Purchases

You have a wish list that includes a new laptop, an iPod, a sound system for your car and a portable DVD player. Which one do you really need? Maybe you can survive without them. But, say the computer you currently use for schoolwork is on the fritz. Then putting the new laptop at the top of your list would make the most sense.

Take Lists When You Go Shopping

There will be times you go on legitimate shopping trips to get groceries, cleaning items or school supplies. During these trips, it's important not only to take a shopping list but also to stick to it. The more you wander the store's aisles trying to remember what you're there to buy, the more likely you are to see and buy something you don't actually need.

Think About Your Purchasing Motivations

Are you only buying something because you saw another person with it and decided you had to have it? If the answer is yes, then that's surely a purchase you can skip making. Just because a friend's belongings look cool doesn't mean you need them. If you lived without it before seeing that he or she had it, you can live without it afterwards.

Don't Apply for Store Credit Cards

How many times has a cashier asked if you want to apply for a store credit card? Always say no! Having a store card makes it too tempting to get those 'want' purchases. What starts out as something you think you can pay off quickly can turn into a larger bill if you keep charging items.

Remember Your Long-Term Goals

After you graduate, do you want to be able to afford your own apartment or have the money to buy a car? Every impulse buy you make takes money away from reaching those goals. Keep that in mind when you're shopping.

When you have limited funds, affording romantic evenings out can be difficult. Check out these tips for dating on a student's budget.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Strayer University

    Strayer University responds quickly to information requests through this website.

    Popular programs at Strayer University:

    • Master
    • Bachelor Degrees
    • Associate Programs
    • Certificates

    Online Programs Available

  • Georgetown University

    Georgetown University responds quickly to information requests through this website.

    Popular programs at Georgetown University:

    • Master

    Online Programs Available

  • Florida Tech

    Florida Tech responds quickly to information requests through this website.

    Popular programs at Florida Tech :

    • Master

    Online Programs Available

  • Regent University

    Regent University responds quickly to information requests through this website.

    Online Programs Available

  • Southern New Hampshire University

    Southern New Hampshire University responds quickly to information requests through this website.

    Popular programs at Southern New Hampshire University:

    • Master
    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • Purdue University Global

    Purdue University Global responds quickly to information requests through this website.

    Popular programs at Purdue University Global:

    Online Programs Available

  • Capella University

    Capella University responds quickly to information requests through this website.

    Popular programs at Capella University:

    • Doctoral
    • Master
    • Bachelor Degrees

    Online Programs Available

  • Northcentral University

    Northcentral University responds quickly to information requests through this website.

    Popular programs at Northcentral University:

    Online Programs Available

  • Full Sail University

    Full Sail University responds quickly to information requests through this website.

    Popular programs at Full Sail University:

    Online Programs Available

  • Liberty University

    Liberty University responds quickly to information requests through this website.

    Popular programs at Liberty University:

    • Doctoral
    • Master

    Online Programs Available

  1. 1
  2. 2
  3. 3
  4. Next »