How To Stop Overspending and Take Control Of Your Money

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How to Stop Overspending and Take Control of Your Money

Overspending is one of the biggest reasons many people struggle financially. The good news is that overspending can be controlled with the right habits. Here are simple ways to take back control of your money.


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1. Know Your Spending Triggers

Everyone has something that makes them spend too much:

Boredom

Peer pressure

Social media

Sales and discounts

Following trends


Identify your own triggers so you can avoid them.


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2. Use a Simple Spending Rule

Before buying anything, stop and ask:
“Do I need this, or do I just want it?”

If it is a want, wait 48 hours before buying.
Most times, the desire will fade.


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3. Create a Weekly Spending Limit

Set a spending cap for:

Food

Transport

Airtime/data

Entertainment


This helps you avoid finishing your money early.


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4. Track Every Naira You Spend

Write down what you buy daily.
Tracking your spending makes you more disciplined and reduces waste.

You can use:

A notebook

Google Sheets

Budgeting apps



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5. Avoid Shopping When Emotional

Don’t shop when you are:

Sad

Stressed

Angry

Excited


Emotional spending is one of the biggest causes of overspending.


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6. Cut Down on Impulse Buying

Impulse buying happens when you buy something you didn’t plan for.

To stop this:

Make a shopping list

Stick to it strictly

Avoid “just checking” stores and apps

Disable notifications from shopping apps



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7. Use Cash Instead of Card (Sometimes)

Cash makes you feel the money leaving your hand.
It helps you reduce unnecessary spending.


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8. Avoid Lifestyle Pressure

Never buy things because of:

Social media

Friends

Trends

To look rich


Live within your means until you grow financially.


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9. Review Your Spending Every Month

Every month, sit down and check:

Where your money went

What you wasted it on

What you can cut next month


Improvement begins with awareness.


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Conclusion

Overspending doesn’t stop in one day — it improves with small, consistent discipline.
When you control how you spend, you gain power over your finances and can start saving, investing, and building a better future.

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