Make Yourself Accountable

The best way to deal with the problem of emotional spending is to hold ourselves accountable for our spending habits. Only when you are conscious about your spending behavior, you will restrain yourself from making unnecessary purchases. You can also ask your friend and family members to stop you every time they see you make a fancy purchase. But if you are a loner, make a list of your financial priorities and put them in your wallet. So that each time you will open your wallet to take out some cash or your cash card, you will see the list which will remind you of what you're saving up for.

More: 10 Smart Money Saving Tips

Find Alternative Activities

Is shopping your favorite pastime? You may enjoy shopping because you find it entertaining, or as a break from a routine life. Such a habit is tough to afford in today’s rising cost. There may be some other inexpensive things too which you like and feel glad doing it, for example a morning walks, chatting with your neighbors’ or writing poems. These things will not only keep you happy but would also help you save money. Anyways if emotional shopping gives you an ultimate pleasure, then don’t stop it completely but try to limit it. 

Also Read: 10 Best Investment Advisory Firms in India