Stop Spending Money: Curb Overspending

Updated: Apr 27, 2021

Spending money never gets old, does it? Each year, more and more Americans find themselves in debt. In 2018, the average American had $38,000 of personal debt, which excluded mortgages. Meanwhile, as shopping sites such as Amazon continue to dominate, the opportunities to spend have gotten increasingly attractive.

If you open your browser, you’re met with many ads offering products that fit your unique set of interests. You may find yourself caving in month after month and buying things you don’t need.

And now, you’re ready to stop. Below, we’ll discuss some key tips on how to stop spending money you don’t have.

How to stop spending money: 5 key focus areas

When it comes to overspending and ways to stop spending money, focusing on these 5 areas can make all the difference. They are:

  1. Eating out and uneaten food

  2. Clothing and accessories

  3. Expensive coffee

  4. Unnecessary things

  5. Credit cards

For the specific actions you can take to curb overspending in each of these areas, see the full article at: The full article includes tips to help you be mindful with spending money and once you've mastered how to manage your spending, there are ideas about what do with the balance of your funds.

Bola Sokunbai is the founder of Clever Girl Finance and she's passionate about helping women take control of their money so they can live life on their own terms. Bola is a Certified Financial Education Instructor (CFEI) and money expert. She created Clever Girl Finance to provide women with financial education that makes sense, the knowledge they need to take control of their finances and the power to make informed financial decisions for their current and future selves. Leveraging her mother's lessons and her personal experience with saving money and building wealth, she is passionate about helping women change their money stories and achieve real financial success.

Clever Girl Finance has been extremely gracious in allowing esteem magazine share their content . I encourage all readers to visit their site regularly and take advantage of amazing resources and advice available - they are truly Clever Girls! Many thanks to the team at Clever Girls for helping to build our financial esteem.

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