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6. Beware of making impulsive buying decisions

dont make impulsive buys
Don't make impulsive buying decisions – 10 Ways to Effectively Manage your Money

It happens to all of us, that moment when you see something and you really, really want it.

The real question you should actually be asking yourself is;

Do you need it?

Some good advice would be – do not buy it immediately.

Rather wait a few weeks, go back and look at it again, if you still want it  after a period of time, then it would be acceptable to buy it, however experience have shown that in the most cases, you will have lost interest over the time period of a few weeks. Believe me, you will be grateful for the money you save by not being impulsive, because at one time or another there will rise a cash emergency where that money would come in very handy.

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