• About
  • Mortgage Basics
  • $40K Challenge
  • Aunt Doris
  • Grandfather Says
  • Privacy
  • Archives

Len Penzo dot Com

The offbeat personal finance blog for responsible people.

5 Steps to Setting a Successful Fall Shopping Budget

By Corazon Gritar

Fall is upon us, and with the colder weather comes the need to bring out the sweaters and jackets. It’s also a time when the majority of people enjoy purchasing new cold weather clothing. In doing this, some people tend to go a little overboard and regret it later on. Setting a budget and figuring out what you actually need to buy can be tricky. Fortunately, there are a few simple suggestions that can help you stay on track this fall.

A great place to start is simply by looking at what you already have. Every season, it’s a good idea to take out all of the clothes you have and go through them. This allows you to get rid of anything that you no longer wear or clothing that doesn’t fit anymore. It’s important to know what you have before you start shopping, so you can really focus on what you actually need to buy.

Next, it’s important to look at how much you’re already spending each month. A good budget app can help you break down how much money you spend on different items every month. Keeping track of your spending habits for a few weeks will help you figure out how much of your income is being spent versus how much is being saved.

Once you know how much you’re spending every month, it’s time to set a budget. Once your budget it set, stick to it! Continue tracking your spending habits and if you happen to go a little over on your shopping budget, cut back in other areas to make up for it.

When it comes time to start shopping, make sure you’re aware of what you need and what you want. Considering that between six and ten purchases made in a store can be classified as impulse purchases, it’s important to stick to your budget and buy what you actually need first.

After buying new clothes, it might help you to leave your new purchases out in the open where you can see them. This way, when you get the urge to buy something new, you’ll be able to remember that you just bought something and will hopefully be able to control your compulsion.

It’s important to give yourself a budget that fits well with your lifestyle. Always make sure you have money to pay for the important stuff, like bills and groceries, before allowing yourself to buy new clothes.

Remember — creating and sticking to a budget will go a long way towards helping you have a happy, financially-stable fall season!

Photo Credit: Garry Knight

Leave a Comment October 17, 2017

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Polls

Have you filed your taxes yet?

View Results

Loading ... Loading ...

Recent Posts

  • Black Coffee: Stuck in a Tangled Financial Web
  • A Few Thoughts from Aunt Doris: How to Make Ends Meet
  • Grandfather Says: Happiness and Living in the Right Mold
  • How to Get a Good Job Without a College Degree
  • Clever Ways to Save Money On Your Next Car
  • 18 Fun Facts About Money That You Probably Didn’t Know
  • Black Coffee: More Pie In the Sky
  • How to Get Fast Approval on Installment Loans
  • Should You Consider A Pre-Settlement Loan In a Personal Injury Case?
  • What Barfing Out of a Bus Window Teaches Us About Managing Money

Disclaimer

This site is for informational and entertainment purposes only, and the content herein should not be mistaken for professional financial advice. In fact, making investment decisions based on information published here, or any other website for that matter, is more than unwise; it is folly. This website accepts advertising in the form of monetary and other compensation; as such, topics of discussion are occasionally influenced by these advertisers. Sometimes, an article may also include affiliate links, meaning, at no additional cost to you, this blog earns a commission if you click through and make a purchase (for example, as an Amazon Associate I earn from qualifying purchases). Remember, you and you alone are responsible for the decisions you make in life, so please contact an independent financial professional for advice regarding your unique personal situation.

Sign up for the weekly Len Penzo dot Com newsletter
Len Penzo dot Com Delivered Weekly
Join more than 30,000 readers and fans who enjoy personal finance and macroeconomics with an offbeat twist!
Invalid email address
Thanks for subscribing!

Popular Now:

  1. 1. 25 Examples of Shrinkflation That No Longer Fool Consumers
  2. 2. The 10 Worst Things I Ever Bought
  3. 3. 7 Perplexing Money Questions Without a Good Answer
  4. 4. My Cola Taste Test: Is Coke Really Better Than Pepsi?
  5. 5. The Real Secret to Becoming Rich as a King
  6. 6. Planning a Wedding? Here Are 9 Ways to Ensure You’ll Pay Too Much
  7. 7. Economic Collapse 101: How to Prepare for Water Supply Disruptions
  8. 8. A Simple Test to Know If It’s Better to Rent or Buy a Home
  9. 9. The Big Secret the Banking Industry Doesn’t Want You to Know
  10. 10. 4 Good Reasons Why Some Quarters Are Painted Red

All-Time Most Popular:

  1. 1. 19 Things Your Suburban Millionaire Neighbor Won’t Tell You
  2. 2. Dear Friend: Here Are 41 Reasons Why I’m NOT Lending You the Money
  3. 3. Why Your Expensive Luxury Car Doesn’t Impress Smart People
  4. 4. If You Can’t Live on $40,000 Annually It’s Your Own Fault
  5. 5. 21 Reasons Why Corner Lots Are for Suckers
  6. 6. 4 Smart Reasons Why College Isn’t for Everyone
  7. 7. 18 Fast Facts About Social Security Numbers
  8. 8. My Ketchup Taste Test: Upset! Guess Which Brand Topped Heinz
  9. 9. Why I Prefer a Spreadsheet to Track Expenses and Manage My Finances
  10. 10. Here’s a Simple Trick for Getting Credit Card Interest Charges Waived

Copyright © 2021 Len Penzo dot Com · All Rights Reserved · Designed by Nuts and Bolts Media

© Len Penzo dot Com 2008–2021