Hello, and welcome back to our blog here at Safe IRA Investments. This is part two of our blog about reducing excessive spending. If you’ve set some big goals for yourself and your future, you will need the funds necessary to help you get there. Most people spend their younger years saving up and then later investing to further increase their earnings. At Safe IRA Investments, we help people invest their money wisely so they are able to see returns without the risk associated with the stock market. Contact us today or keep reading to learn more.

Suppress The Urge To Spend

The biggest culprit of excessive spending is by far impulse buying. Impulse buying refers to buying something we don’t need on a whim. Something about the human mind tells people that their life would be much better if they had a certain item right when they want it. Have you ever walked into a grocery store to see a kid throwing a tantrum because his or her parent is not letting them get the candy they want? This is what happens with adults when they splurge on expensive things online after getting their paycheck (only without the verbal distress). It’s usually a battle within our own minds, but it’s a power struggle nonetheless.

However, most people don’t realize how easy it is to avoid this, just don’t give into the urge to buy something. If you’re sitting at your computer looking at Amazon or Ebay, don’t let yourself get carried away. It’s okay to look at things, but if you notice yourself getting interested in buying something, shut your computer off and walk away. This may sound silly, but it’s what it takes!

Stay Organized

Remember that reducing expenses is a marathon not a sprint. You can’t simply save up one month, then slack off the next. It doesn’t work that way! But in order to stay consistent through this marathon, you’re going to need to stay organized. The first step in staying organized with your personal finances is to create a budget. But a budget isn’t something you can simply set and forget, you’re going to need to check it and update it every week to ensure you’re staying on track to meet your goals.

Contact Safe IRA Investments

At Safe IRA Investments, we are the leader in safe, secure and collateralized investment opportunities – a refreshing alternative to risky stock investments or low return retirement options. By working with us, you’ll be able to capitalize on our vast expertise in buying and selling trustee sales, tax deed sales, and other undervalued assets. If you have any questions, or you’re ready to get started, don’t hesitate to contact us.