I have recently just got engaged to
my long term partner and
we want to have the wedding of our
dreams. But I
have a problem with impulsive buying
and impulsive shopping, so I haven't
saved any money.
I just really need help to focus on
getting my dream wedding.
Alright, so everyone loves weddings, right.
Everyone Does.
Yes, come on, free food.
Someone's gotta pay for it Eman.
Of course, so much money.
So much money.
Whatever happened to a cheese and
pickle and a shandy at the registry?
You are terrible.
Here we go.
Hello!
It's lovely to see you Amber.
So tell us, why do you have
money on your mind?
So I got engaged in February.
Woo!
But now the whole money train is
going, like wedding planning.
But I am really,
really bad with money, so I really
just need some help.
We will help you, and you are going
to start off with.
Me.
Weddings.
They are not cheap.
Are they?
so how's the saving going for that?
In my mind like, I'm like, oh okay,
I'm going to put some money aside
and save for this, like, put towards
the dress.
But they like, I have like a rubbish
day at work or a really stressful
day and I'm like, Oh, this
looks really nice and this will make
me feel happy right now.
So, like, really bad, impulsive
shopping.
How often do you check in with
your dream vision of
your wedding?
I do set time aside once a week
where I do like wedding planning.
So what I was thinking of
was checking in with it more
frequently and every day, reminding
yourself when you wake up, this is
what I want.
Yeah.
And finding ways to
interrupt that moment
where you really want to start
spending. So if you can feel
into those moments every day, put
the music on that you want to have
your wedding.
And things like that, to just give
you those emotions, give you those
feelings so that
it hopefully will help
you to just put the brake on.
Maybe like keeping, like, some of
the photos out or some of the things
like that. So it's like visual
reminders that like when I come into
the lounge, like, oh, yes there's
our wedding, like it's happening.
Yeah. And when you, when you're most
likely to spend.
Oh, thank you so much for being so
honest with me.
It's been lovely chatting to you.
Thanks Nikki. Thank you for having me on here.
If you know you're an impulse
spender but have a big goal to
reach, you need to remind yourself
every single day of what your
impulse spending is costing you.
Create a vision board, set reminders
on your phone, put notes in books
or your purse.
Change your passwords that spell
out the goals you want to achieve.
Daily reminders will help you to
remember what you stand to lose
if you keep impulse spending.
Welcome to my home.
It's lovely.
Lots of stuff.
We have to go discovering.
This is the collection of tea.
Oh.
I don't drink that much tea any
more. Nail polish stuff.
Wow.
Body lotion, another shampoo.
Do we use it?
I will eventually use it.
Eventually?
I mean, how much stuff can you have
in a bathroom?
Um quite a bit.
Skin care, deodorants,
hair care, body products,
skin care, and underneath here like
female products.
My.
Skin care.
So when you bought it the first time
and didn't use it you thouhgt, I'mma
go back and get some more.
This is as fresh as it came.
How many times have you used it?
Probably about twice.
Wow.
Candles.
The box smells great.
Altogether, we got over £100
in a box in the corner.
We've got work to do.
You've got like a year.
Just over a year to your wedding.
Okay, yeah.
How do you feel?
I feel nervous now, seeing, like,
how much I'm spending.
This is the luxury impulse
spending. So we wanna look a bit
deeper and see, look, if we
were saving this amount, how much
would it be? Wedding dress.
Big part of a wedding, no?
Yeah.
Do you know the average price of a
wedding dress in the UK?
If I had to guess, I'd say maybe
about £2,000 or something.
You got expensive taste as we've
seen. It's normally around £1200.
Okay.
Still a lot. But if we look at
just your soaps
and candles,.
Okay.
Just these two alone will get
you to £960.
So like, literally short
of the wedding dress.
I'm so close to it.
Another important part.
Photographer.
The average photographer in the UK
costs around £1,000.
It's a lot of money.
If we look at the
teas and
hot chocolate and we put them
together, that will give you a total
of £672,
which again is a long way
towards.
I've got loads of tea and hot
chocolate,
or to last me till then, so.
Yes.
You probably got enough for your wedding
guests too.
If you watch the pennies, the pounds
will take care of themselves.
Amber is all about impulse spending,
which feels great.
I'm buying small things regularly.
However, spending small amounts
regularly adds up over the longer
term and actually adds up to a large
amount, which is stopping Amber
reaching her financial goals.
To overcome this, Amber needs to
reduce her impulse spending, create
a plan and stick to it
so she can reach her financial
goals.
I wanna tell you, you're not alone.
A lot of people are impulse
spending.
It's online.
Online's my weekness.
Online is a weakness.
It's just so easy.
Go on your phone?
Yeah.
You shop. It doesn't feel as
much hard work.
Yeah, you just double tap about it.
Exactly. And then, before you know
it's at your door.
Yeah.
But don't worry, I've got some tips
to help you.
Amazing.
So a big one, number one that I even
use myself is I want you to actually
create a budget that is dedicated
to making those purchases.
So if you put aside some money and
you say, right, every month this is
the pot I'm going to dip into, you
know, make those purchases, that
makes those purchases feel not as
bad. You know, you can actually, I'm
actually able to buy this. I've budget
for it so I can actually treat
myself to this.
The second one is you can put
spending limits on your current
accounts. You set a limit up so you
can't actually spend more than that.
So it'll help you when it comes to
impulse purchases.
Help you to actually curb that.
Okay. So is it like if I say, like,
I can't spend more than £100.
Yeah.
Like something like that.
Sometimes when I'm like, okay, I'm
going to treat myself to shopping
day and I go shopping, I'm like, Oh,
I've somehow spent like £350.
Okay,.
How did that happen?
I'm like I only went to like four
shops.
So, like, I think when I have that
little bit it's like, okay, cool.
I've only got this amount of money.
What do I really want?
What do I really need?
Exactly.
Like it's not just a free for all
shopping day.
Exactly. And then the final one, and
this is one that I've been doing for
years, is the 48 hour
method. So let's say you are,
you have that feeling you want
impulse spend, right.
And you see a dress online and you
really want it.
What I want you to do is to take
that dress and put in your basket.
But leave it there.
Okay.
Don't checkout out.
Leave it in your basket.
Yeah. Okay.
So when you do it that way, you can
actually, it helps you to rationalise,
did I really want it?
Or was I just wanting something to do.
Was it just like a spur of the moment kinda thing?
Exactly was it spur of the moment?
So if you try that out, I think
you'll find that a lot of the
purchases that maybe you have made
up until this point.
Maybe were impulse, maybe you didn't
actually really want them.
Yeah.
You know, If it's still on your mind
in 48 hours time, then you can go ahead.
I think about that, like sometimes
when something arrives I'm like, I
can't even remember ordering this.
Exactly.
Like, When did I order this?
Why did I order this?
I'm excited, you can put some more money away
towards your big day, which is
amazing.
Amazing. Thank you so much.
If you want to kerb
the habit of impulse spending, when
shopping online, whatever you want
to buy, add it to a basket, but
leave it in there.
If in 48 hours time you still want
to buy it, then go ahead, you can
buy it. But the likelihood is you
probably would have forgotten about
it in your basket and you didn't
actually want it, saving yourself
that impulse purchase that you would
have made at that point.
Guys, we got a message from the
lovely Amber, I'll can't wait to
hear.
Awe brilliant.
Hi, guys.
Just want to say a massive thank you
to Nikki, Emanuel and Kia, you
guys, your tips and your help has
been amazing.
I have now stopped
buying candles and
extra products that I don't
necessarily need.
I've got my partner on board.
He's hold me accountable.
You guys are holding me accountable.
I'm going to save.
I'm going to make this my dream
wedding and pay for it myself.
And I just want to say thank you
again for all the help.
Yeah.
Oh, that is great.
So cute.
D'you know what, I think impulse
spending is something that a lot of
people, you know, a lot of people
do. But, I'm happy that I've been
able to give her some tips to help
her curb that, and reach her amazing
big day.
She's on track, she can do it.
Come on.