Five Types of People That Really Spend Too Much

Posted by Fitz Villafuerte under Money Saving Tips on August 23, 2013

There’s nothing wrong with spending money on things that will make our life easier, better… happier.

What’s actually wrong is spending money on things that you cannot really afford.

So instead of having an easier, better and happier life, you end up wallowing in misery over a huge amount of debt from your overspending.

Fortunately, it’s never too late to change.

And the first step is to identify your spending triggers and address the root cause of your bad financial habit.

Five Types of Habitual Overspenders and How To Address Them

People who shop when they’re depressed.

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Shopping helps them feel better, at the expense of their budget. If you’re this person, avoid retail therapy and instead talk with a friend or someone you trust about your emotional issues. Sometimes, doing volunteer or charity work helps too.

People who get a “high” when they’re shopping.

high Five Types of People That Really Spend Too MuchMyReactionPost

They believe that shopping is their only source of joy. If you’re this person, find and discover the other things that bring happiness to life. You can start a personal project that requires creativity. Or exercise, this works most of the time, plus it’s healthy too.

People who spend too much on little things and then wonder why they’re broke.

forgetful Five Types of People That Really Spend Too MuchVitalia

First of all, stop using your credit cards and start paying only in cash. More importantly, keep a small notebook, or use your smartphone to track all your spending so you can pinpoint your impulse buys and avoid them next time.

People who spend more than usual when they’re with friends.

party Five Types of People That Really Spend Too MuchFunnyOrDie

If you’re a social spender, then you should realize that the reason why you’re going out is to spend some quality time with your friends and not spend money you don’t have. Remember that true friends will not judge you on how much money you have in your wallet.

People who buy things just because it’s “On Sale”

black friday Five Types of People That Really Spend Too MuchMashable

If you don’t need it, don’t buy it. When the time comes that you actually need it, trust me when I say that it will be “On Sale” somewhere. Remember that shopping malls regularly hold a sale every payday, so don’t be fooled by this marketing tactic.

Are you a habitual overspender? If so, which one are you? Confessions are welcome in the responses section below.

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8 Responses to “Five Types of People That Really Spend Too Much”


  1. I love the crazy animated pics :) Made my morning sir fitz! I realized what kind of spender i am :) shopping = dopamine

  2. Megan1410 says:

    I used to be an impulse buyer and tried to change the habit by scheduling my shopping only once a quarter and timing them when shops are on sale. I also avoided bazaars and made an effort not to buy cheap items that are of less quality and bought at stores at high quality. Since they are more expensive I tend to buy less items and it helps me avoid ending up with things I never or hardly use. Before I buy something I also try to think 10x if I really need it or if I will use it at least once a month. I also don’t follow trends so I only buy gadgets for example when mine is broken or I give it a year when prices have gone down before I buy. When I started saving over 10 yrs ago I paid all my credit card debts and paid all monthly dues in full to avoid interest. I also have a financial tracker forecasting income and expenses for the next 5 yrs which makes it easier for me to decide if I can make big long term purchases. It allows me to plan since I know when I will need money. As a result I don’t spend extra money I have today because I know I will need it sometime in the future. When I did all of that I became financially independent.

  3. Nica Mandigma says:

    Oh my! I shop when I am depressed and I like buying stuff on sale!

  4. Paul Daveril says:

    Emotions really matter and plays a great role. A true fighter fights and doesn’t give in to emotions easily. Common example: a guy goes on a drinking spree because of earth-like problems. This is a tough challenge indeed :)

  5. Troy says:

    Well I’m none of these types. I’m more of a minimalist – I don’t like spending too much and carrying around too many material possessions.

  6. For me I think it’s the fourth one. I find it hard to say no everytime my wife request for something even it’s beyond our budget. Good thing, she now handles our fun fund for our guilt free spending. :)

  7. Anne says:

    I do shop more when I’m with friends, actually, I always notice this but I do nothing to stop it. I admit I only spend much money for their satisfaction but I’m not really happy with it. I even went on spending for liquor and cigarette sticks and doing them just to be with them. That ain’t healthy. It reduces my money and fractions of my life. Now, I really must not do that habit.

    I think I am also the number one. I do shop when I’m alone and lonely. Then the next day I try to figure what made me buy such possessions.

  8. almy says:

    I used to be an impulsive buyer few years back. I felt so much joy everytime i buy ‘stuffs’ on sale. I got huge debt on cred

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