We love to see you spending on yourself. I mean, you work so hard to get that money, so why not enjoy a little retail therapy now and then without being judged? However, if you find your wallet getting a bit too light, then you might want to rein in your spending habits. On occasion, you may not even notice that you are breaking the bank, which is why we are here to get into it today. Here are signs that will help show you that you're now in the habit of overspending
Anxiety When Checking Your Bank Balance
You know that you have been overspending if you are dreading checking your bank balance. Normally, you'd have created a budget for yourself and with every purchase, you can account for the money that is left on your account. However, if you reach the level where you now become anxious and even have a mini panic attack when you are faced with the reality of looking at your bank account, you have been overspending.
You Impulsively Buy Things On A Regular
It's normal to find something you want and buy it without having planned for it. However, this is a once-in-a-while thing, and you shouldn't normalise it. If you find yourself regularly buying things impulsively, then you are overspending. As we stated before, one thing that someone who lives within their means does is create a budget. So when you find yourself now violating this budget very too often, this is a sign that you're breaking the bank and overspending.
You Justify Your Purchases
If you get into a shop and you grab an item, check the price, drop your jaw then close it to trick yourself into making excuses to buy it, you are overspending. One thing about your mind is that it knows when you are acting out of your means and it's difficult for it not to look for a copying mechanism to address that change. So justifying purchases to yourself is your mind’s trial at copying with the fact that you are going to buy the item at the end of the day. The things that you need aren't things you even have to justify or look twice at; however, every time you are justifying a purchase, just know that you are about to overspend.
You Barely Use Your Buys
If you find yourself buying items that you don't end up using at the end of the day, you are an overspender. An overspender’s mind has a way of momentarily thinking that the items they see will be used one day, yet that will be unlikely. Make rounds in your house to see the number of items that you bought but never ended up using. If you count past ten, then you are an oversender.
You Rely On Cash Advances
One very clear sign of being an overspender is relying on cash advances to cover your bills. If you find yourself now relying on next month’s income to cover today’s expenses, then you are an overspender. The money that you get in a month should be your guide as to how much money you should be spending in general. If you start exceeding that money and relying on any firm of cash advances, you are overspending and should look into stopping yourself before you drown in loans
The People Around You Bring Up Your Spending
If you are living beyond your means, the people around you, whether it's your friends or family, are bound to mention it at some point. So stop being nonchalant and take their constructive criticism and thin on it. Your friends and family want what's best for you so if you see them bringing something up, take time to listen to it because it is actually for your good.
You Regret Your Buys
Have you ever reached a certain extent where you are so down on cash that you think of trading in the items that you bought to get your money back? Well if you have, it's a sign of overspending. The thing about overspending is that you will buy items that are of no use to you but the moment you buy them, you'll have enjoyed making the purchase. If you regret that purchase after, then you know that you are overspending.
Your Bank Account Is Stagnant
Regardless of how much fun we want to have currently, we shouldn't ignore that we are also working towards building empires for ourselves. We all have individually tailored financial goals that we want to meet. Whether you are planning on it or not, you'll need savings one day. However, if you find yourself having no increment in your bank as each month passes by, then you are not building towards anything. Instead, you are overspending.
You Shop Every Time You're Stressed
Stress is an inevitable part of our lives. At least once in one week, you'll find yourself in a stressful situation. Due to this, you need to develop mental resilience so that during these stressful times, you don't find yourself drowning in stress. However, if you find yourself now shopping every time you're stressed, you have a problem. Stressful situations happen so often that if you engage in a shopping spree every time you become stressed, you'll end up with no money left. This is why if you shop every time you are stressed, you are probably overspending.