The Personal Finance series with Warren Ingram, Evergreen Content

Spend too much? Here are 5 great tips for breaking the habit…

A credit card is a terrible evil if you can’t control it.

Warren Ingram, Galileo Capital Financial Advisor

Don’t go grocery shopping when you’re hungry!

Warren Ingram, Galileo Capital Financial Advisor

Do you have a spending habit that’s hard to break?

Ray White (in for The Money Show’s Bruce Whitfield) interviewed Galileo Capital Financial Advisor Warren Ingram for his weekly personal finance feature.

Ingram gave the following five tips to help you reign in your spending:

Use cash when you go shopping.

Credit cards make it easy to overspend. If you only use cash; you can’t spend what you don’t have.

Give yourself a weekly allowance.

Set up your budget. Then determine how much you can spend each week on fun stuff like eating out and draw that cash once a week. If you blow it all in one night; you need to stay home for the rest of the week.

Use a shopping list.

Prepare your shopping list for groceries at home and only buy what is on your list. Don’t buy extras!

Use a cooling off period.

Found a gadget or new clothing item that you “must” have? Take 24 hours before you go back to the shop to buy it.

Let someone else shop for you.

Make use of online shopping or get a friend or family member to shop for you (you can do the same for them). Doing this keeps you from buying on impulse.

Listen to the audio below for more detail.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Real house prices are falling (and the declines are gathering pace)

Real house prices are falling (and the declines are gathering pace)

November was the seventh consecutive month of slowing price growth. And there is no end in sight, according to FNB.

How to raise funding (at each stage of your business’ growth)

How to raise funding (at each stage of your business’ growth)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

How to best invest a lump sum

How to best invest a lump sum

Got some money in the bank, earning peanuts in interest? Here’s how to make it work harder for you in the most tax efficient way…

Judge Dennis Davis on why Pravin Gordhan ordered him to probe Sars

Judge Dennis Davis on why Pravin Gordhan ordered him to probe Sars

Gordhan doesn’t trust Sars' information “because of a lack of accountability and cooperation from the Sars top management”.

The story of Wellness Warehouse (and how it won the niche health market)

The story of Wellness Warehouse (and how it won the niche health market)

The Money Show’s Bruce Whitfield interviews Wellness Warehouse cofounder Dr Sean Gomes.

Mineral and Petroleum Resources Development Amendment Bill 101

Mineral and Petroleum Resources Development Amendment Bill 101

Oil and gas could revolutionise the South African economy. 5 important things to know about the MPRD Amendment Bill.