Do You Have a Spending Problem?

broken-piggy-bankI pulled up to the drive-through window of my favorite fast food restaurant and ordered the meal that I always get. When I drove around to pay, the cashier said hi and mentioned that she hadn’t seen me there in a while. I obviously go there too often.

I also find myself getting a little upset when people oust me on Foursquare as a mayor of any one of my favorite restaurants. It irks me. I’m mayor of several, and I feel a sense of competition when someone steals the title.

There is a telling pattern in this that may mean I have a spending problem. There are other clues, of course. Here are some signs that we may not even recognize as clues that we are potentially overspending.

Real Life Feels Like A “Cheers” Episode

It is a bad sign when a sales clerk knows your name. I used to think that it was cool that my local bartender knew my name. Like Norm on “Cheers,” it feels great when people know you.

The problem is that you have to go to a bar or a store for a long time for someone to know you. It’s a clear warning sign and a clue that you may be spending too much time and money in an establishment.

Even though the cashier didn’t know my name at the fast food restaurant, that she recognized me meant I had been going there too much. My wallet and my midsection were taking the brunt of ordering the same meal, week in and week out.

Businesses Are Emailing You More Often Than Friends

I probably get more than 100 emails every day. And more than half are from stores or online retailers, bombarding me with deals and coupons.

A daily email from our favorite retail stores is a temptation. A great way to control your spending and beat them at their own game is to get rid of as many temptations as possible. Delete the emails. Unsubscribe from the lists. Purge your newsletter subscriptions.

Will you miss great deals from these companies? Of course. But do you really need these coupons and the temptation to buy something at every turn? You would do far better at looking for online coupons from websites like RetailMeNot and CouponPal when you need to buy something instead of being solicited every day.

Swagbucks - Find the Best Promo Coupon Codes Price: FREE Swagbucks automatically applies the best promo code at checkout & it's free. All best promo codes. Free to use. Earn free gift cards while shopping! Swagbucks - Find the Best Promo Coupon Codes Full Disclosure: We earn a commission if you click this link and make a purchase, at no additional cost to you. Last Updated: 10/24/2018

Stores Send You Birthday Gifts

I didn’t even know that stores sent birthday and Christmas gifts to their best customers until my wife received a $50 gift card in the mail from Tory Burch. She also told me her best friend received a cashmere blanket last Christmas from the Banana Republic. How much do you have to spend in a given year at a store to receive a “free” cashmere blanket?

Stores are doing more than simply tracking purchases and trends with their email lists and loyalty programs. Is this the middle-class equivalent to the comps that casinos give to “whale” gamblers?

In Scotland, debt relief solutions include DAS, Sequestration, and Trust Deeds Scotland.

If one or more of these warnings sounds all too familiar, all is not lost. First, recognize that you have a problem. Far too often, we are in denial. Once you realize that you’re spending too much in some areas, there are a few steps that you can take to get it under control.

Skip the situations where you commonly overspend. 

Do you spend money with friends or have friends who live above their means? Don’t put yourself into situations where you’ll be peer-pressured into spending money. There’s a theory that we have the same net worth as the average of our five closest friends.

Unsubscribe to all of those email lists. 

They’re just a temptation to spend money that you don’t have, especially daily deal websites like Groupon (GRPN). I use an incredible, free service called

It helps you quickly opt out of the emails you don’t want, and also provides you with a daily summary of ones that you want to keep. And, by the way, it can be an eye-opening experience to see just how many email lists that you are on.

Have an accountability partner. 

Whether it’s a spouse or best friend, enlist someone to help you keep your spending down. Before a purchase or shopping trip, discuss it with them. Is this purchase worth it? Is it a want or a need? Sometimes, simply talking about things out loud can help you realize that you don’t need to spend the money.

Do you have a spending problem? Have you been ignoring the warning signs? Did I miss any? 

Want to see other tips on how to recognize if you have a spending problem? Be sure to check out the complete article on AOL Daily Finance.

Note: This article has been reprinted with permission.

4 thoughts on “Do You Have a Spending Problem?”

  1. You know you’re spending too much when the ATM is on first-name terms… 🙂

  2. Just like you, I feel happy and proud when someone in a restaurant (crew or cashier) notice me or just simply greet. Although it’s a good sign, you’re right that I am spending too much time and money in that restaurant or any business establishment.

    I think when you’re going to the mall for so many times each week, 4-5 times for example. That could also be a sign that you have a spending problem.

  3. I dont have a spending problem but my girlfriend has. It surprises me when we pass by a favourite store and she can move out without a pair of shoes. I am not complaining but I think thats a problem she has.

  4. Great article. This is the most effective way to know and learn about your spending problem. This will be very useful and helpful for those who cannot manage their spending. Read and understand the article and you will get a brilliant idea. Thanks for sharing this article. I will share this information with my friends. Very informative.


Leave a Comment