You tend to spend money on things you don’t necessarily need.
You spend spontaneously and generously, on yourself and others, sometimes for no particular reason.
You often find yourself buying something after scrolling on online shopping sites.
Spending becomes a default, even if their account balance is dwindling by the minute. Spenders will often continue going on shopping sprees or even make purchases mindlessly. In extreme cases, they can be at risk of going bankrupt if they consistently spend more than they earn.
Creating a spending plan that fits you will help you see things from a different perspective. Remind yourself that buying a new car (when you already have one), for example, means sacrificing money on essential things like saving for retirement or paying off debt.
Roqqett's smart Insights help you find out which categories you spend the most in without having to go through transactions yourself. By checking an overview of your spending in Roqqett, you can decide where to rein it in without compromising your essentials. Here are some more tips:
Use the insights page to see which categories and merchants you spend the most at
Separate these into essentials (bills, groceries etc) and non-essentials (entertainment, shopping etc)
At the beginning of each month or week, set aside money for the essentials and savings before allowing yourself to spend on other things
Confirm whether your spending agrees you're a: