How to stop impulse spending online

If you are anything like me you love shopping the online sales, especially when you get emails every week telling you about the ‘70% off sale and free delivery when you spend £30!’ You add an item here and there and before you know it you have spent over £100 on clothes.

How to know if your online shopping habit is a problem — and what to do if  it is

But when you are on a budget this is not ideal and can cause some people to get themselves into even more debt and over spend.

I was that person, I would shop the boxing day and January sales to find the best bargain! In December 2019, I spent £250 on boxing day I bought clothes that I didn’t need and I never wore them.

For me, last year was the final straw when I had to pay off my credit card bill of over £200 that I wasted on clothes.

So keep reading as I share 3, yes only 3 really easy tips to help you stop impulse buying online.

Unsubscribe from emails

Ever heard of the saying out of sight out of mind? Well this couldn’t be more true for emails. Think about how many emails you get each week from different online stores, they are always there in your face tempting you to buy. I used to get hundreds of emails each week showcasing online brands sales and discounts and nine times out of ten I would buy from there.

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So the first thing I did was unsubscribe from these companies, it took a while to do (I had so many subscriptions) but it was worth it. I do not receive any emails from online stores which means it doesn’t tempt me each day. I never know what stores have what sales unless I search for them myself.

This will make a massive difference to you and your bank balance.

Delete Apps

Ever sat in front of the telly on an evening browsing through your phone and looking at shopping apps on your phone? How easy is it to add clothes to your basket and pay for it in seconds. It is only after that you realise how much money you have spent.

Top 10 Online Shopping Apps in India 2021- Ecommerce Apps for Beginner  Shoppers - Ads2020.Marketing | Online mobile shopping, Online shopping apps,  Online shopping websites

Most clothing brands have an app that makes it even easier to buy clothes, they can send you notifications throughout the day which again reminds you of their offers.

So the easiest thing to do is delete them from your phone. Last month I deleted…..

  • Select
  • Pretty Little Thing
  • New look
  • H&M

Nearly every day I was flicking through these apps and making small purchases which were going on my credit card and causing me to get into even more debt!

Now they are gone I don’t think about it.

Wait 24 hours before buying

This tip has helped me so much! It is as simple as leave the items in your basket for at least 24 hours before buying. This will give you time to really think about this purchase. Most of the time you will forget about the items and not worry about them.

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If that’s the case I put the money I would have spent into my saving account or write it down. Then at the end of the month I can see how much money I have saved!

How I Stopped Impulse Buying | You Need A Budget

What do you think of my tips? Do you do the same or something different? Let me know in the comments.

Don’t forget to give me a follow over on my Instagram @budgetwithme1 to keep up to date with my journey

I share blog posts weekly!

How I have improved my credit score

Since starting my financial journey I have learned a lot of tips and tricks that I would like to share. And one of those tips is how to improve my credit score. Now, i’m no Martin Lewis but I do know what has worked for me.

I never realised how important it was to have a good credit score especially when looking to buy your own home but now I do. And I have worked hard over the last few years to improve mine as much as possible.

If you are interested in learning how I improved my credit score then keep reading as I share the 4 things I have done to improve mine!

!Quick disclaimer: I am not trained in Finance coaching or credit scores, this what I have done to improve my credit score and research I have found!

Paying off my debt

This may seem like an obvious starting point but unfortunately, paying off debt can effect your credit score.

According to Experian (click on the link if you would like to read the whole report)if you pay off your debt in installments this can effect your score, and if you pay off a low balance before a bigger balance can also effect your score.

“For some people, paying off a loan might increase their scores or have no effect at all. It all depends on your overall credit profile and the type of credit score you’re checking.”

Check Your Free Credit Score | Experian

I only had £4,000 worth of debt and I was paying this off in installments over 5 years, this meant that my credit score dropped by a lot! So I saved up and made a big payment to clear it and my credit score went up.

On Instagram I have seen people paying off thousands of pounds worth of debt and their credit score drops.

If you have a lot of debt always start off by paying off the lowest balance. Yes this will effect your credit score but it is always better starting with the smallest as this will be more manageable.

Be patient when paying off debt, it takes time and your credit score will move around but it is worth it in the end!

Get a credit card and spend on it

I know, I know, I just spent all that time paying off debt and now I am getting a credit card which could get me into more debt.

But hear me out, improving your credit score isn’t all about paying off debt its also about showing the banks you are able to borrow credit.

UK banks plan to hike cost of credit card borrowing | Money | The Guardian

As I had a small amount of debt, I was showing the banks that I am not able to borrow credit which doesn’t look good for buying a home.

So in November 2019 I took out a credit card and started spending on there. I took this advice from Martin Lewis’s Money saving expert site. On there he explains that having a credit card and using it to spend a small amount on there and paying the balance off in FULL on the due date will improve your credit score.

Every month since then I spend between £50 -£100 and pay it off in full and my credit score has improved. I buy petrol and occasionally online purchases.

A quick disclaimer, if you are someone who has credit card debt then this might not be for you. But as someone who only uses this for small amounts each month I am able to control my spending.

Never go into my overdraft

Since being on a budget I have never gone into my overdraft, I always make sure I have complete control over what money leaves my bank account.

I do have an overdraft arranged with my bank account but I have never used it. Just because it is there doesn’t mean I will use it. As according to Experian an overdraft will count as debt on your credit score.

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An arranged overdraft is unlikely to have a major impact on your credit score as long as you don’t go beyond your overdraft limit or have payments refused. In fact, if you use your overdraft sensibly and regularly pay it off it could improve your credit rating.(Link to this website)

And having a a current account with the same bank for a umber of years can also improve your score.

Pay my bills on time

Before I started my budgeting journey I used to miss my due dates on my bills. I forgot to pay my car insurance and car tax which left me in bad credit.

I now have a lot more control on my bills and when they are due.

How often do you check your utility bills? – Which? Conversation

When starting your budget make sure you know when your bills are due, that way you wont go into your overdraft, which in turn effects your credit score.

HOW TO BOOST YOUR CREDIT SCORE - Octane Finance

I hope this post has been helpful and you can find some ways in which you can improve your score.

Don’t forget to check out my Instagram for all the latest updates on my journey.

Qmee Review: Is it worth it?

Over this weekend I am sharing my favourite survey apps as I get so many questions about if these apps are actually worth it.

In this post I will be discussing the survey app Qmee and my honest review.

Check out my previous post where I wrote a review all about the app Attapoll.

What is Qmee?

Much like Attapoll, Qmee is an app that you can earn money for answering companies questions. However this app has something special, not only can you earn money by answering surveys you can also earn cash back.

You can also download their extension which tracks what you search online and you can earn some extra cash. I earned 8p the other day for searching “flared jeans” so it is well worth downloading on your laptop or PC.

You can also earn cash back and find some deals online through their website!

The good:

I have had this app for 1 year and I have earned £172, I could have earned more if I paid more attention to the notifcatons they send you.

The fact that cash out is only 1p and its in your PayPal within seconds makes it one of the quickest apps to earn money. You can increase the value of your surveys by staying active and keeping your ‘oinqs’ lit up.

I try and keep them active all day and it increases the money you earn per survey. And staying active on a survey app increases your eligibility.

The survey lengths can vary from 1 minute to 20 minutes and sometimes you can earn over £1 for a 5 minute survey which is well worth doing.

As I have said before you can also earn cash back and money off.

The bad:

Like I said before sadly you do get kicked out of surveys, if you do not answer the questions correctly or are not what the companies are looking for. So getting kicked out can be frustrating, I find on the weekend that the surveys are slower and you are more like to be removed. But the rest of the time it isnt too bad.

Qmee are very good in rewarding you (occasionally), if you are removed from a survey. They usually pay you a small percentage as an apology and always report any problems you have as that stops it from happening all the time.

How much money can you make from this app?

On average I can cash out over £1 per day and for a survey app this is a lot of money. Like I have said before they are better during the week and if you stay active for longer the more surveys you get accepted for.

As cash out is only 1p yes that’s right 1p you can cash out easily and quickly so for me this app is a winner.

Is it safe?

Qmee has many good reviews with a 8.3 star rating on Trust pilot and in terms of personal data I have never had any trouble with this app in terms of my personal data.

Final review: Is it worth it?

Yes! This app is definitely worth downloading not only can you earn money by answering surveys you can earn cashback and find money off vouchers. The surveys are quick and easy to answer!

They also have a great referral scheme, you can create an account using my link and we will both receive 50p when you complete your first surveys. And once your account is set up you can share your link with others and earn more money. (if you use my link thank you so much!)

Please use this link: http://qm.ee/2OJZ5PK2SIDDW

I hope this post has helped you understand more about survey apps.

Make sure you go and follow me on Instagram as there you will be able to keep up to date with my journey!