These tips can help you rein in the habit

  • Half of respondents to a recent survey said they know they are overspending, up from 45% in April.
  • Credit card debt has been climbing and now stands at nearly $1 trillion after dipping during 2020.
  • These tips for budgeting and avoiding impulse purchases can help you get back on track.

Setting up a household budget and sticking to it can be challenging. Impulse shopping doesn’t make it any easier.

About 42% of consumers say they are worsening their financial situation by doing things like making impulse purchases and carrying more debt, according to the recent Real Financial Progress Index by BMO Harris Bank. Half of surveyed respondents said they often spend more money than they know they should, up from 45% in the bank’s April survey.

Click to read the entire article: Impulse spending;

CFP® Subscription Financial Planning

At OakCrest we’re continually trying to be at the forefront of planning for our clients. We assist our clients:

    • To become organized with our digital financial planning tools,
    • Stay on track towards their goals for retirement, college or buying a home,
    • Aggregate and see all their financial accounts in one place,
    • Comprehensive approach to investment management,
    • And receive monthly economic updates with OakCrest Insight.
Copyright © 2021
OakCrest Capital