We’ve all been there before: shopping online or in a store and seeing something we have to have. It’s an impulse buy, and we may not even think twice before handing over our hard-earned cash. But what exactly drives us to make these kinds of purchases? Learn more about impulsive buying in this blog!
What is impulsive buying?
Impulsive buying is purchasing without thinking it through or considering the consequences. Simply put, it’s the act of buying something on the spur of the moment without any prior thought or consideration.
Our impulses, such as excitement, happiness, or sadness, can drive us into impulsive buying. It can lead to financial problems, as we may spend more than we can afford. The behaviour can also create clutter in our homes if we buy many things we don’t need. impulse
If you engage in impulsive buying, you must take a step back and consider whether the purchase is a good idea. If not, resist the urge to buy and save your money instead!