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Spot your spending triggers
Why do you shop? Retail therapy is real. Whether it’s to escape stress, boredom, or a bad day. With endless ads (hello, Black Friday!), it’s easy to overspend. Identify your emotional triggers and spending patterns to stay in control.
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Always shop with a list
Impulse buys often happen when we don’t have a plan. Stick to a shopping list, whether you’re grocery shopping or online browsing. Bonus tip: unsubscribe from marketing emails and unfollow brands that tempt you with 'must-have' deals.
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Use tech to stay on track
Keep an eye on Money insights 365* to keep your budget front of mind. If you are a bank of Ireland customer, these insights can make it easier to spot when you’re overspending and help you stay within your limits - all without much effort.
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Credit cards: friend or foe?
Credit cards can be a useful tool if managed wisely. Set limits to avoid overspending and think twice about 'buy now, pay later' schemes. Wherever possible, save up first — it's far more satisfying to buy when you know it won’t come with a surprise interest bill later.
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Avoid comparing yourself to others
Trying to keep up with friends or influencers can lead to unnecessary purchases and anxiety about money. Focus on your own goals and remember what you see online isn’t always the full picture.
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Ask: do I need this?
Understanding the difference between needs and wants can save you from buyer’s remorse. Ask yourself: is this a necessity, or am I just caught up in the moment? A little pause before buying goes a long way.
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Try the 48-hour rule
Found something you have to buy? Add it to your basket and wait 48 hours. Often, the urge will pass, and you’ll realise you didn’t really need it. If you still want it, at least you’ll know it’s a considered choice.
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Focus on experiences, not things
Research shows spending on experiences - like dinners, trips, or classes—brings more lasting happiness than material purchases. Shared memories and personal growth beat clutter every time.
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Build your support system
Find people who support your financial goals, whether it’s a partner, family and friends. Sharing your goals and progress keeps you motivated and accountable.
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Set a fun spending budget
Budgeting doesn’t mean zero treats. Give yourself a monthly allowance for guilt-free spending. It's the balance between enjoying life now and sticking to your financial goals.
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If you slip, don’t stress
Overspent one month? It happens. Reset, revisit your goals, and adjust your plan. Progress, not perfection, is what matters when it comes to building better spending habits.
Takeaway: Smart spending is about balance, not deprivation. By understanding your triggers, planning, and staying mindful, you can spend intentionally, save more, and enjoy life on your own terms.
Next Steps
*Requires Bank of Ireland current account and online banking. Monthly maintenance fee of €6 may apply. Must be over 14.
