We are more likely to spend our money on random things when we are stressed or bored.
We use impulse purchases as a means to cope with stress, thinking that buying something can instantly make us feel a little bit better.
Impulse purchases may provide instant gratification, but harm your financial health. Saving and spending your money on things that really matter is a lot more satisfying.
Keep a monthly tally of where you spend your money and save for important goals.
You can make a lot more money on your savings when you give them time to grow.
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