Name: Your Shopping Habits are Keeping you Poor: 10 Micro Habits to Stop Overspending & Level UP!
Uploaded: 2024-08-24T16:10:16.000Z
Duration: 19 min 58 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

What's up, guys? Welcome back to my channel.

I hope you're having a lovely day today and I hope it gets even better for watching this video.

Today, we're chatting all about the tips and tricks, little small micro habits you can implement to stop shopping addiction, to stop compulsive buying, overspending, and just become more intentional about where your hard-earned money goes.

Most of us work really hard for our money, so it's such a shame to then just carelessly spend it on things that aren't really meaningful, things that you don't need, and things that at some point, like after maybe a few weeks, you don't even want anymore.

Becoming more conscious and intentional about where your money goes not only obviously positively affects your financial situation, your financial future, but it also makes you feel like you're living a more intentional life.

And it's honestly liberating to not be in this constant buying consumerism trap.

There's always a new thing and a new thing that you need and want.

It's not a good plan for a long-term happy future, a satisfied future.

Like, it's obviously not getting you there.

If you constantly need to buy and buy and buy to fill that craving or that void or whatever it is, we'll get into that.

And it's honestly so empowering to get out of that hamster wheel and use that time, money, and energy on actually building a life that's meaningful to you, that you're excited and happy to wake up to, instead of waking up to a bunch of stuff that's just been collecting dust.

So yeah, that's what we're chatting about today.

I have over 10 tips that really, really helped me because I've definitely experienced this before.

Like, this was kind of a semi-big issue in my life, if you will.

And I've got a plan to get you out of there as well.

If you're new to my channel, hi, I'm Nika.

I make videos all about self-improvement and I like to make them very, like, actionable.

Here are the tips, concrete steps you can take to actually create a real change that you're really going to notice.

So if that works for you, I would love for you to stick around and subscribe.

And you can also check out my social media if you want to hang out with me more.

The first thing we need to do is become very aware of what the problem is in the first place.

We want to get as much information about it as possible so we can then actually tackle it.

One thing I really recommend doing is a spending audit.

This is where you would go back and see where your money is going, how much of it is going towards different areas of your life.

I talked all about this in my last video.

So if you want to do this properly, create a budget and really start tracking your spending,

And then you're going to highlight these pain points.

And then also shopping for clothes and beauty, like makeup, skincare, all of that.

So just write it down so you know what you're working with.

And then you're going to investigate when you have this really strong need to buy something, to compulsively shop, to overspend.

For me, for example, I noticed that a lot of it came from boredom when I felt like things were stagnant and there wasn't enough, like, excitement in my life.

So that's when I would really get into this mood of, like, I need to have a whole new closet,

I need to have this new thing, that new thing, just because it gave me that hit of excitement.

It's so, so, so helpful to write it down.

First of all, an awareness of a problem is a problem half solved.

I have a strong need for shopping right now.

Do I actually want to buy a whole new closet or am I just bored with my life and missing excitement?

If it's that, then maybe I can, you know, call up a friend and do something fun with them or, you know, you find other ways to deal with it.

An amazing question you can ask yourself when you're trying to figure this out is, if I'm being honest with myself right now, what problem in my life am I trying to solve by overbuying, consumption, shopping, fill in the blank?

Another thing we really need to look at is your values.

Like, these are the things that actually create a long-term satisfaction, joy, happiness, whatever.

And also, how do you want your money and time to serve you?

So it's important to consider those things.

A budget and becoming financially aware is not about cutting yourself off from all the joys of life.

It's just about creating a plan tailored to you of how you're going to spend your hard-earned money.

For me, I've really realized that I want to spend my hard-earned money on experiences versus things.

I want to create lifetime memories with the people that I love, experience this beautiful world, things that will actually bring me, again, long-lasting happiness instead of things that, you know, make me happy in the moment when I buy them and maybe for like a day or two.

And then we'll just, most of them, collect dust or be pushed somewhere in my closet and forgotten about.

And also, a really big one for me is investing in myself.

Like going to those Pilates classes that, you know, they cost a bit of money, but it's, again, it's worth it to me.

And also, like learning about myself, learning more about the things that I'm interested in.

Like that is a very worthy investment for me.

One of my favorite platforms you can do this on is Skillshare and they're actually sponsoring this video.

Plus, they've given us an amazing deal, which is fitting for this video.

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So I've actually been re-watching Ali Abdaal's class.

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I've been getting into drawing and like sketching.

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So you can really fully try it out and you can get started today.

Another amazing thing that can really help you get started is to have a little reset because you've probably had these spending habits for a long time.

So sometimes a good reset can really make wonders, create wonders, I don't know.

So one thing you can do that will very, very clearly show you your habits and tendencies and these needs to buy and spend is a low or a no spend month.

So that means you'll have a month where you only spend money on absolute essentials.

So that means groceries, that means, you know, your electric bills, your rent, essentials.

So you're not going to be spending money on clothes, shopping, beauty, books, whatever.

You can, of course, make this tailored to you.

It doesn't have to be a full no-buy month.

You should make it so that you can stick to it.

So if you know that you'll run out of your conditioner, you can plan that into your low-buy month.

Or let's say you read a lot of books on your Kindle and you know that you'll probably download four, just plan that into it so that you can actually follow through because that's going to give you a lot of confidence and going to make you feel good to achieve something.