This post may contain affiliate links which means that if you click through to a product or service and then buy it, I receive a small commission. There is no additional charge to you.

This is a collaborative post.

If you’re a bit of a shopaholic it can be challenging to control your spending, especially with so many great deals online nowadays. It’s important to take care not to go over budget, however, and even if you allow yourself a luxury from time to time, make sure you prioritise saving for your future as well. Keep separate funds in place for emergencies and pay your bills first. Then if you’ll be able to treat yourself guilt-free with what you’ve got leftover. Here are five quick tips to control your spending.

Separate your accounts

It’s important to learn how to manage your bank account. Separate your funds into savings and your current account. If you know you’re a fan of shopping, you could set up a third account as a “handbag fund” or for whichever luxury is your weakness. Pay your salary into your current account and set up a standing order to your savings and emergency funds. If you earn any overtime or bonuses, for example, these could potentially go into your shopping fund.

Pay into your savings first

Ensure you have one of the best savings accounts set up for you. Pay into this first when you get paid and budget accordingly. You can opt for a savings account that won’t allow instant access such as an ISA or a fixed-rate bond. You’ll earn more interest the more you put in and hopefully, this will deter you from taking it all out at once. Speak to your bank about the best savings account for your situation.

Look for deals

Rather than going for the impulse buy, look for deals online. You can find amazing discounts on luxury items and services, so if you’re patient you’ll be able to treat yourself for less. If you’re looking for luxury london, browse online deals for restaurants, services, shops, and more. There’s a promo code online for practically everything, and you’ll find it in a quick Google search. There’s no excuse for paying full-price nowadays. 

Learn to prioritise

If you really want to control your spending you need to follow your values and learn to prioritise what’s important to you. You could even consider discussing your goals with a financial coach or advisor. Think about the lifestyle you want in the future and how you can start saving for it now, rather than spending all your hard-earned cash instead. Your priorities depend on you, but it’s important to develop a healthy relationship with money.

Make a budget and stick to it

Pretty much everybody needs to rely on a budget, no matter how much money they earn. If you’re overspending, you need to make yours a little more realistic. Find ways to cut costs if you’re not able to live within your means. You can enlist the help of a financial advisor or even one of the best budgeting apps. Once you’ve made a more realistic budget you’ll find it’s a lot easier to stick to it, and finally learn to control your spending.