To buy or not to buy: know when it's Ok-to-Spend | MoneyStrands

We’ve all done it (at least) once: purchased something on the fly because it just looked so good in the store and immediately feel the need to have it. In these cases, you’ve probably heard some of these tips to stop the spending urge before it starts:


  1. Giving yourself a mandatory waiting period before you buy anything. It could be 1 hour, 1 day or 1 month. Whatever you choose to do, infuse some distance.
  2. Staying out of the stores. If you hang out in stores, it’s easier to justify your purchases. It’s on sale! It’s sooo cute! I haven’t seen one in THIS color yet!. Do them sound familiar? All trouble.
  3. Paying in cash. Consumer research psychologist Kit Yarrow found that we tend to spend more when we pay with credit or debt cards because it makes us feel disconnected from money. Spending is more real when you actually take dollars out of your purse.


Take a minute or two to review one of the most fun, but often emotional, aspects of money management—spending.

However, there’s an easier and more accurate way to know exactly when you can indulge in the little extras. Keep reading.


When it’s Ok-to-Spend

Not sure if that last-minute dinner out can break your wallet? OK-To-Spend takes the stress out of your money and allows you to have a little fun! It basically shows you how much money you have that hasn’t been assigned to a specific purpose.  How is it calculated? Check this formula:


Worry less about overspending and enjoy your money more. Meet Ok-to-Spend.


Worry less about overspending and enjoy your money more. Get started now.