We love things that we see in the showrooms and often desired to have it like Latest Mobile, laptops, new pair of shoes, Jeans, cool t-shirts. And now we go to get that thing and we find the Big sale 50% discount shops on the way. This is just the unplanned spending we do and that just happens
Remember the movie “confession of a shopaholic”?? the lady who was addicted to shopping and it took her a long time to come out of it..
I don’t know how much of value the unplanned sudden purchasing of things adds to our lives but just because the offer seems cheaper or appealing we go and get it.
We deviate from our systematic planning of bigger financial goals and get into meeting of our smaller sudden needs
Some ppl also use credit cards and fall into debt traps. The habit continues and always don’t have the habit of waiting for future benefits. I don’t say don’t enjoy now , but not at the cost of disturbing ur big financial goal ahead .
Have you ever bought a share which gave you instant profits? Most of the people want to sell it off and take that profit right now, otherwise the profits can vanish!
Investing in the wrong financial Products
How many times, have you bought things which you don’t need? But you still buy it,
because it feels good! For example, you might buy another touch screen mobile phone even though
your current phone is working well. You buy a nice new shirt – It was on display,
so I do say is please develop a habit of proper financial planning and then spend.
be more responsible and think twice before you spend on other unimportant things.