Easy Tips to Avoid Overspending

Resisting the temptation to overspend is becoming increasingly tougher. Thanks to technology consumers can shop 24/7 from a range of devices with a range of payment options and terms. A few moments of impulsiveness can dent your budget for weeks and months to come so taking an active stance towards curbing your spending is a must.

Curbing your spending is about limiting your access to spending opportunities.  We look at three easy ways to take control of your finances and limit your spending.

Bench the cards

If you can help it, get out of the habit of always carrying debit and credit cards with you. This may be difficult especially since banks have found a way to incentivise the swiping of cards however it is much harder to keep track of your electronic spending on the fly. Only bring your cards out for budgeted purchases.

At Albatross Money we take great care in ensuring that we do an accurate, responsible affordability analysis, along with a credit check, to make sure that you can afford the loan. No more unwanted debt related stress!

Give yourself a cash allowance

In the spirit of leaving your cards at home try to use cash for your routine expenses.  By having a set cash allowance, you will have a better grasp of your spending and it will be more obvious when you have run through your budget for the week especially compared to swiping.

Compare 

If you find yourself in the place where you need to buy something out of the ordinary do your homework. Don’t purchase anything without at least three price comparisons. Shopping around for a better deal could save you money.

At Albatross Money, we know that life is unpredictable and costs can add up which is why we want to help you bridge the gap with sustainable short term loans. Whether you want to fund a major purchase, pay off an unexpected expense or consolidate your debt, we use best-in-class technology and responsible micro-finance practices to ensure you get your financial boost fast.  Contact us for more information today.