I am.
But wait, what’s a sneaky spender?
Someone who has a budget, has a plan, has categories and still manages to go over budget in areas she didn’t mean to.
The Journal of Consumer Research found that most people went shopping with two budgets in mind — an official budget, and a secret stealth budget that lets them go over by a certain percent.
33% to be exact.
WHAT!?!?!
So let’s say you go grocery shopping with a budget of $50, and you decide to put a couple of items in your basket that are treats. Unnecessary, fried, fatty, sugary, or all of the above, treats.
You get to the cash register, and the amount is $75, and not your $50 estimate.
You cry bloody murder, but you secretly knew you were going to go over by $25, and you allowed yourself to do so, because you had a second secret, stealth budget.
Of about 33%.
It’s double-budgeting
Kind of like keeping two budgets — your “ideal” and your “realistic” one.
It sounds kind of silly when I think about it, but I totally do this.
I expect to spend $20 on something, and I go over by $5, but I let myself do it, instead of putting something back.
Turns out I am not alone because about 75% of shoppers entered the store knowing they were going to buy more than what was on their shopping lists.
Solution for sneaky spenders
Lift the restrictions a bit
I give myself a set budget of $1000 a month, and for yearly expenses, I have a rough round number of about $1000 to cover them (dental, car insurance, apartment insurance, etc).
If I go over budget in one category, I lower categories in another.
I defer purchases that aren’t necessary for the next month.
I call them one-off expenses. Oops. Heh heh. Am trying to break myself of that habit.
The longer your list of items, the less you will spend impulsively
Don’t go in with a “hmm I just want to pick up some milk, and maybe some vegetables for my salad tonight”….
The more structured your “To Buy” list, the less room you will have in your sneaky second budget to spend.
The less items you have on your list, the more you will have in your sneaky second budget to spend on impulses.
Seriously!
I get as tempted as little as possible
Get in, and get out.
I try not to spend time just browsing, window shopping or looking. It always ends up making me tempted to spend impulsively.
But even if I make a mistake…
.. I don’t beat myself up over it for too long.
Sometimes I do need a little impulse release, so that I don’t feel totally restricted and then binge out of control.
See, even when I spend a little extra impulse money, I have a mental stop in my head that says: Okay, that is SERIOUSLY enough. Stop.
And I do.
I do this too. What I end up doing is re-negotiating my budget with myself by taking away from another area.
temptation is everywhereeee!!
thanks for the tips though! 🙂
withloveshmon.wordpress.com
Guilty. Mostly in the grocery area. I would ‘like’ to spend $100 / week. Realistically I think it ‘should’ be $125 / week. Am actually close to $150 / week. *sigh. Maybe if I lightened up to have a realistic grocery budget I could stay on track.
I have definitely been guilty of doing this, having a second budget on the sly. What I try to do though to rectify the situation is if I go over on one budget, the next paycheque I deduct that amount for the following week or so. All in all it ends up balancing out.
I totally do this too. It’s why I keep going over in my budget!
Oh yeah, I do this.