The current pandemic has significantly affected our daily life. It was impossible to visit the stores, gym, restaurants, or bars. While most of you can term this unfortunate, there was a silver lining. That is, you were able to save money.
As the pandemic nears its death and we resume a normal life. You are more susceptible to indulging in overspending. In this article, we look at five ways you can avoid this. let’s get into it!
1. Play by your budget
Budgeting is arguably the most ideal way to avoid overspending. Now, during the pandemic, you’ve been confined to your home. No movies, going to the store, or beach.
And once the pandemic is over, you might be tempted to go all out. Spending on the gym, taking unnecessary road trips, and more. This is why you need to strictly follow your budget. Only buy what you’ve listed down and if you have to have fun, then set aside money for that.
2. Unsubscribe from promotional emails
The holidays are here, and so are sales. From your local store to global brands, all are bombarding your email with promotional content. And with their persuasive marketing language, you are likely to fall into clicking the “Check It Out” or “Buy Now” button. Likewise, you have the freedom to hit the unsubscribe button.
3. Avoid comparison
So your neighbor bought the new iPhone 12 Pro Max, and you want to buy it too? Well, think again! Keeping up with the Joneses will get you hooked into this cycle of comparison that can easily eat away your savings and income. Be contented with what you have!
4. Take a break from social media
Well, if you want to overspend post-pandemic, spend your time on social media platforms. As you mind your business, you are likely to come across your virtual friend with a new car, tech gadget, or taking a vacation in Ibiza. Chances are, you’ll want to have what they have hence resulting in impulse buying.
5. Embrace delayed gratification
Fortunately, the pandemic has taught us how to stay without. Without friends, eating out, clubbing, and more. You can use the same tactic post-pandemic.
For example, if you want to buy a certain product, wait for at least 48 hours as you think about it. Chances are, you’ll realize you don’t need it.
As you can see, you can avoid post-pandemic overspending by coming up with a budget and sticking to it. Also, you should avoid instances that will have you lusting over what a friend has. This way, you won’t blow your savings and income!