Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

7 Tips for Healthier Financial Decisions

July 6, 2020 · Personal finance

3. Curbing spending habits

Most Americans don’t even know how much money they’re spending due to impulse. Since it’s so easy to buy stuff now, often with just a swipe of a card, a few clicks on your mouse or taps on your phone, it’s not surprising that our spending habits are getting worse and worse.

Unless you regularly look at your bank statements it may be difficult to tell how much money you’re ‘wasting’. So the idea is to get rid of this habit slowly but surely.

A good tactic is to institute a hold period. Once you’ve finished setting up your online shopping cart, step away from it for anywhere between 24 and 72 hours. Careful, you might get notifications that are meant to lure you into buying sooner, but for this to work you’re going to have to learn to ignore them.

After the allotted time, you may go back to your basket and rethink your purchase. By then you might notice that you don’t actually need some of the items you’ve picked. You’ve had enough time to think things through, so remove any unnecessary expenses before clicking ‘buy’.

Another good idea would be to remove your card information from a retailer’s website. Making it more difficult for you to purchase anything might give you second thoughts about splurging and you could save quite a bit of cash.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A retired couple reviews tax paperwork and financial statements together at their kitchen table in warm, natural morning light. 9 Signs You've Underpaid Estimated Taxes and Should Adjust Immediately
  • An editorial gouache illustration of a retired couple looking back at their old home's shadow from their new sunny house. 7 Common Reasons Retirees Regret a Relocation Decision
  • An older woman carefully paints a hand-carved wooden bowl in her sunlit home workshop, surrounded by crafting materials. 7 Platforms Where Retirees Are Selling Handmade Items Successfully
  • A retired man sits at a sunlit wooden table thoughtfully reviewing an official Social Security envelope next to his reading glasses. 9 Social Security Notices You Should Never Throw Away
  • An older woman sits thoughtfully at a sunlit kitchen table next to a folder of documents and a vintage family photo. 10 Things Families Need to Know About the $255 Death Benefit
  • An elegant watercolor and ink illustration of a peaceful retirement pathway with subtle red warning flags and a magnifying glass. 10 Financial Red Flags Retirees Should Never Ignore
  • 10 Things Teachers Should Know About Their Pension Before Retiring 10 Things Teachers Should Know About Their Pension Before Retiring
  • Watercolor illustration of an elderly woman sitting peacefully in her sunlit living room near an open window. What the New SSI Program Improvements Mean for Recipients
  • An ink and watercolor illustration of a rising block graph representing lifetime earnings building a path toward retirement. Why the Social Security Formula Rewards Longer Careers
  • A retired man at his kitchen table reviewing a Social Security denial letter in soft morning light. The Social Security Appeal Process Explained Step by Step

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

A senior man locking his front door during golden hour, representing home security.

13 Free Ways to Keep Thieves From Breaking In

Discover 13 practical, free ways to secure your home from burglars and enjoy a stress-free…

Read More →

7 Essential Tips for Seniors in These Uncertain Times for Economy

3. Hold off on retiring A long time ago you may have decided to retire…

Read More →
A stylized gouache illustration of a couple walking along a path divided into Taxable, Tax-Deferred, and Tax-Free segments.

In What Order Should You Tap Your Retirement Funds? (Find Out Here!)

Discover the most tax-efficient retirement withdrawal strategy to preserve your savings, minimize IRS taxes, and…

Read More →
A senior couple happily unpacking groceries in a bright, modern kitchen.

9 Ways to Shop at Costco Without a Membership

Discover practical ways to shop at Costco without an annual membership, including how to access…

Read More →

12 Ways to Improve Your 401(k) Plan While You Still Can

Boost Your Contributions There are many people with 401(k)s who don’t know or can’t provide…

Read More →
A retired couple smiling while looking at a tablet in a sunlit room.

8 Factors That Affect Your Social Security Check

Discover the eight essential factors that determine your Social Security benefit amount, including your earnings…

Read More →
An older man sitting at his kitchen table under warm light, thoughtfully reviewing a paper Social Security document with a pen in hand.

The Social Security Rule Most Retirees Never See Coming

Discover the hidden Social Security rules like the Retirement Earnings Test that can unexpectedly withhold…

Read More →

12 Best States to Retire in 2021

A retired couple shares wine by a fire pit with Arizona’s iconic red rock mountains…

Read More →

14 Things To Sell When You’re Ready To Retire

Old Computers – If you still have your first Macintosh, there are pretty high chances it’s…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.