Avoid Shopping

8 Amazing Ways to Avoid Binge-Shopping

Avoid Shopping
Avoid binge spending

 

It would great if we all made only rational, well-analyzed spending decisions. But none of us are robots. We’ve all made emotional buys at one point or another. Think back on things you bought because you had a rough day at work. Or maybe it was an argument that got you agitated. No matter the cause, purchases made on feelings instead of frugality can be rough on your bottom line. Here are a few ways to soothe yourself without draining your funds

1. Create “me” time

A In a lot of cases overspending happens because it gives you a sense of control over your surroundings. Instead of trying to grab control with money, take control of your time and your surroundings. Whether that means gifting yourself with a nice hot bath or time to work on that tinkering project in the garage, commit to unwinding on your own terms.

2. Connect with a loved one

Loneliness is another emotion that can turn you into a frenzied consumer. A call to a relative you haven’t spoken to in a while or even a spontaneous get-together with a friend can remind you of the wonderful bonds in your life.

3. Volunteer

It may sound strange, but in many cases the best way to help yourself is to work at making someone else’s life better.

4. Exercise

Scientists believe that for certain people splurge shopping releases the same amount of endorphins in the brain as skydiving. So if you are one of those people who gets a real charge out of filling a shopping cart, consider alternatives like going to the gym, walking or riding a bike to get your endorphin rush (if the plane and parachute are not available).

5. Enjoy nature

One of the best ways to get away from your problems is to, well…get away from them! Leave your connectivity behind and get back in touch with a favorite out-of-the-way spot.

6. Read

A little healthy escapism is always good for taking your mind off your day-to-day worries. Whereas passive media like television usually serves more as just a casual distraction, diving into a good book forces you to actively engage in the story.

7. Play

Be it with children or a pet, having some silly fun can shed a lot of stored up tension you might otherwise look to purge with shopping.

8. De-clutter

Because coming home to a place full of stuff can add to your stress level, give yourself a present and a future of increased serenity by hunting for items that can be donated or sold online or at a garage sale.


pay off your high debt

How Can You Pay Off Your High Debt?

pay off your high debt
A Balance Transfer can help you pay off your high credit card debt

High debt can make you feel stressed, worried, and a little discouraged. Just remember, where there is a will, there is a way to pay. One of our goals as a credit union is to help you become financially stable. Take a deep breath, create a timeline and think how you can reduce your spending.

Then use some of the following tips as a guidance to help you pay off your high debt.

  1. Get rid of high rate credit cards first
    What does this mean?
    Your credit card interest rate vary between financial institutions. Allowing your spending to increase unconsciously. For example let’s pretend you spend $450 in credit card A with a 29.99% interest rate; and you spend $475 with a 12% interest rate in credit card B. In time, the $450 spent in credit card A may become more expensive due to its higher interest rate. You must avoid falling into this trick.
    First, go over all your credit card statements and create a list starting with your highest interest cards and ending with your lowest. By increasing the payment on your highest interest cards you are saving money and avoiding high interest charges.
    TIP: Remember to continue paying the minimum amount due on the rest of your credit cards.

 

  1. Take advantage of Balance Transfer Promotions.
    If you have high interest rates on another credit cards think about moving your debt to your BrightStar Credit Card—especially during our Balance Transfer Promotion period. Keep in mind you must be strict with your payments in order to take advantage of the promotional rate before it expires.

 

  1. Stop spending so much on your credit cards.
    If you’re trying to pay off your high debt, credit cards are NOT your best friend. Remove all credit cards from your wallet, and start budgeting your expenses with cash. Don’t worry, this change is only temporary, only while you get more financially stable.

 

  1. Put work bonuses, or other incentives toward debt.
    We get it! Taking that work bonus and using it on a nice vacation is tempting. However, sometimes we need to put temptation aside and start thinking of our financial future. If you receive a bonus for a good sale, holiday, or other use it to pay off your debt. Your wallet will thank you later.

 

  1. Sell unwanted items online.
    A good way to make some extra cash is to clean your house from unwanted items. Sell those old presents collecting dust and start fattening up your wallet. After all, one man’s trash is another’s treasure.

 

High debt should not affect your well-being. Go on, change your habits, make some smart choices, and reward yourself in the future.

You can do it!


Credit card shopping can be fun.

How to Shop Wisely During the Holidays?

Credit card shopping can be fun.
Shop wisely, save money, and treat yourself!

No matter your discipline, the holiday season is always the season of spending. You probably have trips scheduled with your family, fancy dinners to prepare for, new outfits to get, and of course, some presents to get.

So, how can you spend more wisely?

  1. Create a list: This might seem a little silly, but a simple list can go a long way. Write the names of everyone you’re planning on getting presents for and how much you will spend on each of them. Collect and take advantage of coupons, sales, and time. Try not to leave your holiday shopping for last minute, the earlier you go, the more sale items you will find.
  2. Keep in mind your Cash Reward Cards: If you’re purchasing gifts with a credit card you have to keep your rates and rewards in mind. Some cards will allow you to have a little extra spending with all the benefits they provide. Some cards will make you go over budget with all their high rates. You must be careful!
  3. Buy gift cards: Some people find gift cards a bit cold and impersonal. However, gift cards are ideal to save money and to give people the choice of buying exactly what they want.
  4. Save for the big gifts: If you’re planning on getting a 65” flat screen for your significant other, save money ahead of time. You can start by putting $20 aside every 2 weeks on a separate account, so by the time you find something you like, you won’t overspend.

Remember, your spending does not have to become a headache. So, enjoy the holidays with your family and feel thankful.


Security Alert

5 Ways to Shop Safely Online

BSCU offers identity theft protection
Protect Yourself From Identity Theft!

The modern way to shop requires computers, tablets, and phones. We no longer make long lines at the store, or wait for a customer service representative to help us. Technology allows us to shop for our favorite items at the comfort of our  home. In addition, we can choose to have an online chat with a representative if we need help. But, it is not all fun and games in the online world. With the expansion of the online world came a different kind of danger. A danger that can seriously affect our financial life, this is called identity theft.

The following tips can help your shop safely online.

  1. Look for a lock padlock: A secure online shop can be difficult to find, you need to pay attention. Secure sites contain a secure sockets layer (SSL), which is an installed encryption that allows you to shop safely online. This appears as a locked padlock placed at the bottom of your web browser, or next to the URL in the address bar. Try to shop on sites with a secure ‘lock’ only.
    TIP: Never give your credit card number through an email address.
  2. Protect your PC: Hackers don’t just sit and wait around. They use phishing emails, impersonate your social media friends, and send viruses to scan your computer. In order to prevent this, you should always keep your computer protected with an antivirus and pop-up blocker. Avoid clicking on anything that may look suspicious, such as emails directly asking for your personal information.
  3. Check your statements: Be careful and check your statements constantly. Do not just wait for your bill at the end of the month to check your expenses. If you see any unusual activity in your  call your financial institution and to help you fix the problem.
  4. Avoid public computers and Wi-Fi: Public computers and Wi-Fi are great if you are reading a book or gossiping on social media. However, shopping online is risky on public outlets. It makes it easier for hackers to steal your private information and go on a shopping spree with your money. Have patience, wait until you’re home or a friend’s house to start shopping.

Take advantage of these tips and shop safely online this holiday season. Good luck!