How to avoid self-isolation overspending
Everyone is aware of the situation that is currently happening everywhere in the world. And it certainly isn’t easy. A lot of people had to stop working or are working from home and earning less money than usual. And it just seems like that now you need more money than ever. A lot of people are overspending their money on groceries. And others are overspending by shopping online simply because of boredom. Whichever situation applies to you, you should definitely avoid self-isolation overspending. And if you don’t know how to do that, we decided to write this and make things easier for you as much as possible.
Why do people overspend on groceries?
A question a lot of people are searching the answer to is why are people even overspending their money on groceries. Well, it both makes a lot of sense and no sense at all. This certainly is a scary situation we are going through and a lot of people are scared. This virus is very dangerous and as we are advised to stay at home as much as possible a lot of people found the idea to buy a lot of things at once good. But it isn’t good at all. Buying a lot of food and other necessities at once can only make everything worse for other people and trigger more overspending.
And this is what happened in a lot of cities with toilet paper, for example. For some reason, people started buying toilet paper in huge amounts and there was no toilet paper left for other people. This made these people fear that there won’t be any toilet paper at some point in the future while all this is happening so a lot of them started to buy it in huge amounts too. And that is when an endless cycle of overspending on toilet paper began.
But this didn’t only happen with toilet paper. This also happened with hand sanitizers, wet wipes, flour, oil, frozen and canned goods, as well as plenty of other things. Doing this only brings more fear to these already scary enough times. And if you already were a victim of overspending, the following tips are for you.
1. Only buy for one week in advance
The best way to avoid self-isolation overspending is to only buy things for one week in advance. Leaving your home once a week to get groceries is completely fine. Buying your groceries this way is going to help you avoid overspending. This way you will also have a lot more control of your budget as you will only be spending money on groceries once a week. Not only is this going to be helpful for you but for others too. By buying this way, you won’t buy a lot of food at once which is going to leave a lot of food available to others.
2. Plan your meals
This is the time that made a lot of people start working on themselves. Whether it’s studying more, decluttering your living space, reading, learning something new, or exercising, it is a good idea to try something that you didn’t have time for before this whole self-isolation situation. And one thing that is going to make you more organized as well as make your grocery shopping much smarter is planning your meals. This is a very simple thing to do especially when you are buying one week’s worth of food.
You simply have to decide what you are going to be eating each meal for each day of the week. This way you will know exactly what to shop for which is going to make your shopping trip much shorter. One of the challenges of living in NYC is the big lines in stores. If everyone starts shopping this way, there won’t be a lot of waiting. And if you decided that now is the time to start eating healthier, this is a perfect solution. Your fresh fruits and vegetables will be able to last the whole week in the fridge.
3. Only buy the things you really need
The problem a lot of people who are overspending have is buying unnecessary items. This is probably influenced by the fear of the virus and this whole situation but it is definitely something that you should avoid. Buying unnecessary items is never good and especially not now. This can only make your budget smaller for nothing. And if you are someone whose budget is already small due to this situation, make sure you always have this in mind.
Online shopping overspending is also bad
As a lot of businesses are closed due to the virus, online businesses found a way to make the most of this situation. If you go to any online store right now, you will see that there are huge sales happening. This makes people want to spend their money online more than ever. Sure, online shopping is great but do you really need to spend so much money right now? As nobody is certain how long this is going to last and what effects it is going to have on the economy, maybe spending so much isn’t such a smart idea. Treating yourself is a good idea right now as it is going to make you feel better. But it is very important that you are abstinent.
Now that you know how to avoid self-isolation overspending the only thing we have to tell you is to stay safe. Be inside as much as you can and avoid close contact with people. Social distancing isn’t easy but it is necessary if we want everything to go back to the way it was before the virus. Wear protective masks and gloves and leave your home only if truly necessary.