Impulse Spending

// July 9th, 2010 // Uncategorized

As a professional web developer, I work for big firms and make decent money. I have healthcare, I own a home. I’m far from rich but I’m doing ok for someone that can barely keep it together on my bad days. :)

Still, no one at an income level likes to throw money away. And the ADHD impulsivity makes all of us want to kick ourselves now and then. It seems like once a month I’ll look at my credit card bill and ask myself, “I spent how much money? On that??

So today I stumbled across this article which falls under the “impulse spending” category (grocery-specific) and thought I’d share what I thought are some useful strategies.

Rule #1: Always eat before leaving the house. [...] Indeed, studies show that, on average, shoppers spend 17 percent less on groceries when they shop on a full stomach.
Totally. We always make worse decisions when we’re feeling less comfortable, and having a rumbling stomach sure contributes to discomfort. I know more than a few of us can relate to this statement from the article as well: “In the end, we give up trying to decide — and buy both. What begins as a quick trip [...] turns into a half-day excursion that empties our wallets and leaves our pantries overstocked with food [...].”
Rule #2: Shop at a specified time each week — no more random runs to the supermarket.
Routines are the ADHD person’s friend. They give us much-needed structure.
Rule #3: Shop with a written list, created after checking the contents of her pantry, refrigerator, and linen closet (where she stores cleaning supplies).
If you’ve got a memory like mine (and I know I do), don’t trust your memory with money. Get into the habit of writing lists, and checking beforehand what you need.
The full article is here. Put the wallet down!

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