Question 28 of 29
6D. Setting Financial Boundaries:
Creating financial boundaries helps control spending and minimizes impulse purchases. Consider the questions below to set spending limits and boundaries.
* What is the maximum amount I will spend on non-essential purchases each month?
* What time will I allow myself to shop for personal items (e.g., once a week, only on weekends)?
* What techniques will I use to avoid impulse buys (e.g., wait 24 hours before purchasing, use a shopping list)?
* What strategies will you use to hold yourself accountable to these financial boundaries?
* Who can you share these boundaries with for extra support (e.g., a friend, shopping support coach, or financial advisor)?