Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Pfizer said on Monday it had agreed to acquire Array Biopharma for $10.64 billion, which will grant it access to its cancer drugs.Biotech and Pharmaceuticalsread more
Huawei CEO and founder Ren Zhengfei said that the Chinese tech company will report revenues of around $100 billion in 2019 and 2020, which would be flat growth versus 2018.Technologyread more
Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.Cryptocurrencyread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Those few unplanned purchases you made this week? Keep it up and your yearly tally from those spontaneous moments could reach $5,400 annually.
That's how much the average U.S. consumer spends each year on impulse buys, according to a new survey by Slickdeals.net. The study of 2,000 consumers shows they make three of those purchases a week, adding up to $450 a month and $5,400 per year.
Most of the spur-of-the-moment outlays go toward food, with 70.5 percent of respondents saying that category was the major culprit. (See chart below for the top five.)
At the same time, 85 percent of survey respondents said their impulse purchase involved taking advantage of a deal or discount.
"There's an element there of opportunistic purchasing," said Josh Meyers, Slickdeals CEO. "So [part of it] is taking advantage of a good deal."
While shopping — impulsively or not — can be fun, the consequences might not be so great if you didn't budget for it.
Total household credit card debt reached more than $1 trillion at last count, according to January data from the Federal Reserve. On a per-person level, the average consumer has about three credit cards and a total balance of $6,375, up nearly 3 percent from a year ago, recent data from Experian show.
If you're among those who struggle with impulse shopping and it's contributing to financial woes, there are some ways to rein yourself in.
For instance, before you head to the checkout with your impulse buy, whether in a store or online, take a minute to ask yourself whether you really need the item.
"Ask yourself, 'Is this essential? Would I purchase it anyway?' If not, wait a day and then decide if it's a purchase that makes sense," said Meyers.
If it's something you would purchase anyway — say, a gift or household items — it's still worthwhile checking to see if it's really the lowest price you can get.
"If you're in a store, and you get on your smartphone and find a lower price somewhere else, you can ask the store to match the price you're seeing," Meyers said.
If you're shopping online and see a great price, make sure you take shipping and handling costs into consideration before you hit the purchase button. Doing a little research might reveal a better overall deal elsewhere.
You also should check on return policies. If you end up suffering from buyer's remorse, you could end up paying a restocking fee or other expense involved in returning an item — whether online or in a store. In other words, that impulse purchase could end up costing you money even if you return it.
Meyers also suggests that impulse buyers try refocusing their energy.
"Harness the urge to impulse shop and use it to save money," he said. "Satisfy that urge by finding great deals on things you know you need."
And as for those impulsive food purchases? If they typically happen at the grocery store, making a shopping list and sticking to it is one way for extras not to end up in your shopping cart.
Additionally, don't battle nature.
"When you're hungry, there are strong biological impulses at work," Meyers said. "Stick to adage: Don't go to the grocery store when you're hungry. Leave home with a full belly."