6 Helpful Tips To Put A Halt On Impulsive Purchases

As you dig thru the pile of the items that you regret purchasing, you realize that you have one recurring problem. You keep on engaging on impulse purchases! Your credit cards do not seem to help you either. Instead, it invites you to shop more as if it calls out your name.

How can you reduce this tendency to shop without forethought? Well, start by planning ahead.

#1: IT PAYS TO PLAN AHEAD

When it comes to eliminating your unwanted expenses, it pays to plan ahead. Make a list of all the items that you need to purchase before shopping. Make it a habit to plan for upcoming occasions, birthdays, and other large purchases.

Image Credits: pixabay.com

Equipping yourself with this list as you shop around ensures that your purchases are more deliberate and less spontaneous. Furthermore, you may anticipate the upcoming clearance sales and other promotions.

#2: PINPOINT YOUR TRIGGERS

Take control over your shopping habits by monitoring your urges. Using a piece of paper or your handphone’s notes, mark each time you experience the urge to purchase. Describe the situation and the feelings attached to it. This helps you to increase your awareness while you shop.

Be aware of the different symptoms such as faster heart rate or a change in breathing. Becoming more aware of the changes in your body and mind can help you control the urge.

#3: IT TAKES 30 DAYS

You heard about contemplating for 24 hours before committing to a purchase. However, have you heard about the 30-day waiting period? Yes! You read that right. Stick your wish-list on your refrigerator and put a date to each item. You must wait for a month before making a purchase.

The mechanics may sound easy, but it takes a lot of patience and self-control to overcome the urge at first. These feelings are valid and can fade soon. You will take delight sketching out items off the list! The only exemptions to the 30-day period are groceries and other necessities.

#4: AVOID THE TEMPTATIONS

A surefire-way to reduce your impulse buys is to avoid going to shopping areas or shopping websites. Do not even go to dollar or budget stores as you might get trap in the process.

When purchasing, follow a list religiously. Get out as quickly as you can afterwards. Avoid walking around the shopping center for entertainment and find other ways to stimulate fun.

#5: IT IS ALL ABOUT THE BUDGET

Trimming down your expenses does not mean that you have to take out the fun. Give yourself a “splurge budget” that you can follow thru each month.

Decide whether you are willing to allot a budget for a new clothing item or a fancy restaurant date each month. Whatever it is, ensure that you are willing to spend a discretionary amount every once in a while. Take it as a way to reward yourself for straightening your finances. It is healthier that way!

#6: DO NOT MIX WITH THE WRONG CROWD

Surrounding yourself with people who are addicted to retail therapy may not be the best idea. It is easy to get out of track when your shopping buddies convince you that all the outfits you have tried looks great!

Image Credits: pixabay.comIf you want to shop with your friends, do it with people who have savvy spending habit. This way, you will be able to tell spend your money in a frugal manner.

Sources: 1 & 2

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The Top Tattoo Parlors In Singapore

A couple of years ago, my sister came back from work embellished with an artistic surprise. She had a huge “COFFEE” tattoo emphasized with a black ink. You can just imagine the violent reaction of my conservative Asian mother. Fortunately for my sister, she eventually warmed to the idea of having tattoos. Nonetheless, it was an impulsive decision that my sister regretted later on.

Tattoos are permanent markings on the skin etched by inks and needles. Selecting a talented tattoo artist is crucial in the tattoo process. The same can be said in selecting the right design for you. Thus, you must take your time and do your research before booking an appointment.

Whether you have been itching to get a tattoo or just want to try it out, Singapore is filled with talented artists that can turn your dream into reality. You will be proud of these three tattoo parlors.

Image Credits: pixabay.com

#1: FAMILIAR STRANGERS

With a feature on Channel News Asia, you can attest that Familiar Strangers is one of the leading tattoo parlors in Singapore. It is renowned for creating quality tattoos with skillful artists headed by Mr. Whopper Tan. Mr. Tan, the owner, has a good sense of humor. His mere name alone can entice you with either giggles or hunger. This is why clients are more relaxed while being serviced.

Image Credits: facebook.com/Familiar-Strangers-Tattoo-Studio-Singapore-146520875359634

Services at Familiar Strangers include Japanese Irezumi Body Suit, Word Tattoos, Old School Flash Tattoos, and more. You can even customize a design. What’s more? You can have your tattoo revamped when you are not satisfied with the initial service (i.e., free of charge within 60 days). Tattoo prices depend on the tattoo sizes and the difficulty of the designs. However, its minimum fee is around S$100.

Location: 20 Upper Circular Road, The Riverwalk #01-10, Singapore 058416
Contact: +65 9760 4147

#2: IMAGINE TATTOO STUDIO

You cannot simply win “Best in Realism” and “Best in Cover-ups” at 2009 Singapore without proving how talented you really are. That is the talent exuded by Aelvin Lim. He runs the Imagine Tattoo Studio and has been providing excellent tattoo services for more than 7 years. His specialty includes artistically recreating animal and human faces. That being said, you can get the face of your idols inked forever. Whether you want to put your BTS bias or David Beckham’s face on your skin, you can consult the tattoo artists at Imagine Tattoo Studio.

Their services include portraits, tribal art, cover art, and so on. Prices depend on the tattoo’s design, size, and color. Contact Imagine Tattoo Studio at +65 9107 9181 for more information.

Location: 3B Trengganu Street, Singapore 058457
Contact: [email protected]

#3: ALIVE TATTOO STUDIO

Serving professional tattoo services at reasonable prices for more than a decade, Alive Tattoo Studio has become one of the most reliable tattoo parlors in Singapore. Its main draw is the UV Tattoo. Aside from that, it is strategically located at Chinatown and operates daily. How convenient is that?

Much like the two tattoo studios on this list, Alive Tattoo Studio offers a range of prices depending on the tattoo’s design and size. If you want a temporary display of artistic expression, you may consider putting an airbrush tattoo for as low as S$10! Airbrush tattoos are fast drying, waterproof, and easy to remove. These can last from 2 days to a week.

Image Credits: facebook.com/AliveTattooStudio

What I like most about Alive is that you do not have to book an appointment in advance. You may visit them anytime to get a free consultation!

Location: 211 New Bridge Road, Lucky Chinatown #B2-03, Singapore 059432
Contact: +65 6238 5747 / +65 9777 6587

Sources: 1 & 2

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Everything You Need To Know About Daiso

Most of us have shopped in Yano Shoten without even knowing. You read right! Daiso, our go-to budget store, was once called Yano Shoten. It was named after its founder – Mr. Hirotake Yano.

ITS RICH HISTORY

From humble beginnings to a myriad of setbacks, Hirotake Yano’s path to success is not a straightforward route. He and his wife survived the economic downturn of the past decade and become one of Japan’s inspiring stories.

He has failed many times in past and thought that nothing he will ever try would succeed. He said: “During the inflation era, I thought many times about quitting. It seemed absurd to sell things at a fixed price. I kept going because I thought there was nothing else I could do.”

His willingness to move forward led him to multiple jobs and a chance encounter with a mobile merchandiser. He started working for him. Years later, he established his own store called Yano Shoten where goods were displayed on a wooden stand.

In 1977, he changed the company’s name to the brand we know and love – the Daiso Industries. Daiso introduced the universal price of ¥100. Why would he sell everything for ¥100? Well, he simply does not want to tag a number of products with different prices! Tagging was a time consuming task for him and his wife. Thanks to his effort to save time, we were able to save our money!

Daiso, which translates to “big warehouse, is far from ordinary. The company Yano founded has no business plan, no budget, and no quarterly results. Through it all, Yano believes that he is just an ordinary man.

ITS LOCAL PRICE

In Singapore, everything Daiso sells go for two dollars. Whether you are purchasing a bag of chips or a bulk of cotton buds, you can expect to pay the same price. This enables the shoppers to anticipate their total costs. Furthermore, your eyes will be spoiled with choices!

On the other hand, our neighboring country Malaysia has to pay RM5.90 (about S$1.93) per item. Imagine if the exchange rate is in our favor! This means that we can get cheaper Daiso items in Malaysia instead.

ITS SOURCE OF GOODS

Daiso has a wealth of outlets scattered throughout the globe and a wealth of goods scattered throughout the aisles. With over 100,000 goods offered, you can expect that a good portion comes from overseas. Although majority of the goods are made from Japan, approximately forty percent of goods are outsourced.

To save the cost of production, can you guess where most of the items come from? You are right! Many of which hail from China.

ITS DYNAMIC PRICES

Did you know that not every Daiso product is priced the same? Lucky for us, anything we pick up inside a Daiso costs S$2. However, overseas outlets experience dynamic pricing.

For instance, majority of the products in Daiso Australia are set at a standard price of AU$2.80. While, other items cost more. The same goes for Daiso Philippines. Consumers get to enjoy products from PHP88 and up.

Use the steady price of two dollars to your advantage by tracking the amount of items you fling inside your basket!

ITS SUCCESS STORY

Mr. Yano attributes his success to his ability to source out a variety of products. From quality essentials to quirky must-haves, everything sells for S$2! Moreover, people’s desire for deals remains to be the driving force of Daiso.

Image Credits: Flickr Creative Commons via Kai Hendry

Let me close this article with a nugget of wisdom from the man himself.

“Business is like climbing a mountain. The lesson of climbing a mountain is that there are always struggles and hard times. When you reach the top you get a sense of gratitude towards the mountain.”

Sources: 1, 2 & 3

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Boost Your Financial Life By Creating A Reverse Bucket List

Whether you want to lead a simple life or an extravagant one, having financial goals gives you direction. It steers your focus on the things that you want to achieve at a particular time-frame. It has the power to make you more hopeful about the future.

However, having financial goals may not work for everyone. You see, others can get frustrated upon seeing the milestones that they have not achieved yet. Do not worry! There is a solution. Look at the brighter side of your financial life by creating a reverse bucket list.

What is a reverse bucket list exactly? For starters, it is a list of goals and achievements that you have already met. Apply this ideal to your finances to reap its benefits.

REVERSE BUCKET LIST HIGHLIGHTS PATTERNS

Creating a reverse bucket list gives you an opportunity to pinpoint your spending and saving patterns. Use your observations to improve your financial circumstance.

For instance, you may notice that most of your spending falls under skincare and cosmetics. Consider signing up for Sephora’s loyalty program to maximize your discounts. Alternatively, you may indulge in the affordable homegrown products brought by Shophouse Sixtyfive and Katfood. Shophouse Sixtyfive sells handmade lip balms infused with essential oils, vitamin E, and plant extracts. What’s more? These balms, such as Sir Stamford (S$9.80), have a local twist too.

Now, let’s move on to Katfood. Its playful name says a lot about its interesting background. You see, Katfood aims to create beauty products out of ingredients that you can actually eat. Everything is handmade with no preservatives and are infused with organic and raw elements. Its Cuckoo For Cocoa Dry Shampoo ($13.90) includes ingredients such as coconut flour and cocoa powder.

REVERSE BUCKET LIST MARKS YOUR MOTIVATION

Whether you like it or not…setbacks happen. You cannot be fully in control of your finances all the time. This is where motivation comes in. Motivation propels you to continue on this journey.

Seeing the list of financial achievements you have cemented will transform your motivation into manifestations. You will remember where it happened, why it happened, and how it happened. Making this list will enable you to see your financial situation realistically.

Image Credits: pixabay.com

As I said, you will experience some obstacles along the way. These obstacles do not reflect your financial capabilities or intelligence. Instead, these are merely challenges that you need to learn from. Keep moving forward!

Source: Wisebread

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Dark Attitudes On Money

“You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you.”
– Maya Angelou

Maya Angelou is right. Sprinkling love in what you do attracts accomplishments and money. Our attitudes towards money play an important part in either attracting it or driving it away.

Growing in a supportive environment where you can talk about money matters openly will enable you to attract money in various ways. On the flip side,it can be more difficult to attract money if you are underestimating your skills. Moreover, dark attitudes toward money can contribute to the lack of self-esteem and motivation.

Having a negative attitude towards money will hinder you from tackling opportunities and will steer you to make errors in your judgement. These may cause you to lose money in the process. Hence, it is important to identify your money attitudes.

Here are just some negative attitudes that you should stop:

I DO NOT DESERVE MONEY

Believing that you do not deserve money or that money is the root of evil causes you to avoid money. For people with this attitude, money can evoke feelings of anxiety and disgust.

I PRAISE MONEY

Believing that money can solve all your problems is a bad attitude to have. People who are trapped by this “money worship” attitude can carry an outstanding debt. Greed can course through your veins when you worship money too much.

I AM DEFINE BY MY WEALTH

Believing that self-worth is tied to your net worth is unhealthy. You can keep up with others as much as you want, but you cannot be fully satisfied.

I AM SECRETIVE ABOUT MY FINANCES

Lack of openness in one’s finances can potentially brew an issue between couples. While people with this attitude are often financially stable, they often do not allow themselves to enjoy the benefits of having money. Extreme cases of having this attitude can lead to under-spending and hoarding. Talk about extreme cheapskate!

Sources: 1 & 2

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