Let’s talk about something that we all love, but can sometimes cause us a bit of trouble – spending money! You see, it’s just so easy to spend money these days. With just a few clicks of a button or a quick swipe of a card, we can have pretty much anything we want delivered to our doorstep in no time. And let’s be honest, who doesn’t love the thrill of a new purchase?

But here’s the thing, while spending money can feel amazing in the moment, we can get so caught up in the excitement of the present that we forget about the future consequences of our spending habits.

So, let’s look at some indications to suggest that you are spending too much, and explore some ways to stay on top of our finances and strike a balance between enjoying the now and saving for the later.

Struggling to pay bills and with day to day expenses

Some struggle with paying bills and day-to-day expenses because they spend too much money on non-essential items, leaving them with little or no funds for necessities.

There are a few ways which you can control and avoid having to struggle with covering your essential expenses, such as creating a budget of non-essential items and strictly sticking to it. Identifying areas where you can cut back would help as well and setting financial goals to prioritise your spending.

By making intentional and mindful spending choices, you can avoid the cycle of heavy spending and financial hardship.

Heavy reliance on credit cards or loans

The sad truth is that credit cards and loans are often heavily marketed and readily available, making them seem like a convenient solution to financial challenges.

They are easy to rely on credit cards and loans because they provide immediate access to funds without requiring immediate repayment. Credit cards allow you to make purchases without having to pay for them upfront, and loans provide a lump sum of money that can be used for various expenses. It may sound nice, however should you not be able to pay back by the given deadline, a high interest rate will be applied and potentially accumulated should you not pay your bills in full.

It’s essential to use credit cards and loans wisely, only for necessary expenses and with a plan for repayment. Building an emergency fund and saving for long-term goals can also reduce the need to rely on credit and loans.

Little to No emergency savings

Having an emergency fund is crucial because it provides a financial safety net in case of unexpected expenses, such as medical bills, car repairs, or job loss. Without an emergency fund, people may have to rely on credit cards, loans, or other high-interest debt to cover these expenses, leading to financial stress and potential debt.

Consider setting up an automatic transfer from your checking account to your savings account to make saving easier and more consistent. And look for ways to cut back on unnecessary expenses and redirect those funds to your emergency fund.

Remember, building an emergency fund is a gradual process, but every little bit helps and gives you a peace of mind with having a solid financial cushion in case of emergencies.

Experience sense of guilt or anxiety after spending

One of the more obvious ways to know you have spent too much is when you almost immediately feel a sense of guilt after making a purchase. You can view it as the body sending a warning that you have violated your personal values or beliefs about responsible spending. In some cases, one may also feel that they have failed to meet their financial goals or obligations, leading to a sense of regret.

in today’s society, people are often bombarded with messages and advertisements promoting consumerism and materialism. As such, there may be a sense of pressure to keep up with others or to have the latest and greatest products.

It is thus important to recognise and acknowledge these feelings and take steps to address them early on.

Constantly making impulsive purchases

People may make impulsive purchases for various reasons, such as feeling stressed, bored, or seeking instant gratification. In other cases, people may also make purchases because of persuasive marketing or peer pressure.

To control impulsive purchases, it’s important to first recognise the triggers that lead to such behavior. One can try by identifying the emotions or situations that prompt the desire to make impulsive purchases and taking steps to avoid or manage them. This may involve finding healthier ways to manage stress or boredom, such as through exercise, meditation, or other activities. You can also try to limit exposure to marketing or social situations that may encourage impulsive spending.

Another way that could be effective is to set a budget and create a shopping list before going out. This can help you stay on track and avoid impulse purchases. If you do find yourself tempted to make an impulsive purchase, try waiting for a day or two to reflect if the purchase is a need or if it aligns with your financial goals.

Constantly spending beyond intended budget

A lack self-control or discipline when it comes to managing their finances is one of the main reasons why people may find themselves constantly spending beyond the intended budget or their means. They may struggle to resist the temptation to make purchases.

Some may have unrealistic expectations about their finances or underestimate their expenses, leading them to overspend. They may also be influenced by external factors, such as social pressure or persuasive marketing, that encourage them to spend more than they should.

To practice self-control and avoid overspending, it’s important to set clear financial goals and priorities. It is also encouraged to practice self control by tracking spending and reviewing it regularly.

Practicing self-care, such as getting enough sleep and managing stress, can also help improve your self-control and decision-making abilities. Finally, seeking support from friends, family, or a financial advisor can provide accountability and guidance for better financial decision-making.


There are many negative consequences to overspending, from causing stress, anxiety, and even debt, to hindering your ability to achieve your long term financial goals.

By being mindful of our spending and practicing good financial habits, such as budgeting and saving, we can improve our financial stability and achieve greater financial freedom and security.

Post Image: Karolina Grabowska