Regret overspending? A simple ‘Do Not Buy’ list can keep your spending in check

Regret overspending? A simple ‘Do Not Buy’ list can keep your spending in check

Dubai: Have frequent shopping sprees spun your spending out of control – to the point that it has driven you deeper into debt? Adding your spending binges to a ‘Do Not Buy’ list can help keep money in your wallet, reveal money coaches and residents in the UAE. Let’s understand why. “If you find yourself scrolling through retail sites when you're stressed or get anxious until you get your hands on the latest tech gadget, those are signs that you may be spending money that you don't have,” said Abu Dhabi-based personal finance planner and coach Andrea Barbara. “Even though retail therapy feels good in the moment, the resulting worry about the money you spent and the debt you created will bring you misery. However, you can control your spending if you were to take a week- or month-long break from buying items that you often go overboard buying.” With a ‘Do Not Buy’ list, you essentially make a personalised list of rules about what you could and could not buy for a week or month of no shopping for anything that in the recent past often tempted you to overspend, be it clothes or shoes, tech gadgets or smart