Spending on an Impulse
So, after throwing an elephant in your path yesterday I figured it was only fair to talk about how to get around it.
Some of us genuinely enjoy the thrill of spending money on certain things, and I actually think that it's wonderful. That said, there is always the danger of falling prey repeatedly to "shiny object syndrome" where we chase after any new and seemingly-enjoyable thing to spend money on.
But when talking about effective approaches, have you ever noticed how professional finance management services rarely if ever address core human elements of personal finance such as this? It's almost always about the technical side of things which assumes that we're all perfectly rational and judicious when it comes to money. That is a fundamental mistake, which is why I thought in this post I would put forward a few interesting tactics that have worked for me and see what you guys think of it.