Impulse buying is a common behavior that can harm your finances in the long run. It refers to the act of making unplanned purchases without considering whether or not you actually need the item. In the context of the "Play Moolah" course, it is important to learn how to avoid falling into the trap of impulse buying in order to achieve financial goals and financial freedom.

One effective way to avoid impulse buying is to create a budget and stick to it. Setting clear financial goals and prioritizing your spending can help you differentiate between needs and wants. Additionally, practicing mindfulness when making purchasing decisions can help you become more aware of your spending habits and prevent unnecessary purchases. By learning to pause and think before making a purchase, you can avoid impulse buying and make more intentional financial decisions.

Key Lesson Concepts:

• Impulse buying is a common behavior that can harm your finances.
• Create a budget and stick to it to avoid making unplanned purchases.
• Practicing mindfulness and pausing before buying can help prevent impulse purchases.