(Pam)

Quit Wasting Money On Internet Impulse Purchases

The Internet has brought an amazing array of merchandise into our lives and onto our doorsteps. However, being able to order a crate of hamburger-shaped cookies from Japan or a complete DVD box set of “Friends” episodes at 3 A.M. during a spell of insomnia isn’t always a good thing. Especially when you’re trying to eliminate debt and/or cut down on spending. [More]

Slow Down Spending By Playing "Choose Your Own Adventure"

Slow Down Spending By Playing "Choose Your Own Adventure"

If you make too many purchases without second-guessing them, you’ll burden yourself with more things than you can manage and less money than you’ll need to feel comfortable. One way to curtail impulse spending is to pause and make sure you’ve got a reason for doing what you’re about to do. [More]

Confessions Of A Shopaholic Makes Irresponsible Debting Look Fun And Hilarious

Confessions Of A Shopaholic Makes Irresponsible Debting Look Fun And Hilarious

Jerry Bruckheimer turns the lens of his celluloid cyclops away from exploding airplanes to exploding credit card debt in an adaptation of Confessions of a Shopaholic. There’s a scene in the trailer where our heroine has frozen her credit card in a block of ice (see “Stop Spending By Freezing Your Credit Card In Ice“) and, stricken by a frenzy, she chops and hacks at it and uses a blowdryer to free it. Sort of amusing, although most people I’ve read about who freeze their credit card usually don’t ever crack them open. Full trailer inside.

Stop Spending By Freezing Your Credit Card In Ice

Stop Spending By Freezing Your Credit Card In Ice

If you have trouble controlling the amount and frequency of your credit card purchases, try putting your credit card in a glass of water and putting it in the freezer. This makes it so every time you want to use your credit card, you’ll have to wait for the credit card to melt. By the time the ice has thawed, your desire to impulsively purchase may have evaporated as well. I read about this in Predictably Irrational; Dan Ariely called it, “The Ice Glass Method.” Apparently, it doesn’t ruin the credit card, although it will if you try to microwave-defrost it. This method is probably only good for people who do their shopping sprees in-person. Online shopaholics would just look through the ice.