How to cut unnecessary expenses

Why Do We Buy Things We Don’t Need — and How Can We Stop?
Mindful Spending for Global Money Week — with Simbank by Doscredobank

Sometimes shopping isn’t about things — it’s about feelings. Boredom, stress, fatigue, or the desire to treat yourself can unexpectedly end in a new delivery. This behavior is called doom spending — spending driven by emotion rather than actual need.

During Global Money Week, an international initiative promoting financial awareness, we’re sharing how the Simbank app by Doscredobank can help you manage your budget, avoid impulsive purchases, and still enjoy life’s pleasures.

🧘 1. Pause before you purchase
Feel like buying something — especially online? Don’t rush. Close the site or app and take at least 15 minutes. Even better — wait a whole day.
If it still feels like a good idea tomorrow — go ahead. If not — great, you saved money.

🎯 2. Learn the marketing tricks
“Sale ends today,” “Only one left,” “Limited time offer!” — these are emotional triggers.
Quick test: Would you buy it without the discount? If not, it’s likely an impulse, not a real need.

💸 3. Plan your “want” budget
Saving is important — but so is treating yourself. The key is balance.
Set aside a small monthly amount for personal pleasures and track it with Simbank. The app makes it easy to monitor spending on food, shopping, and entertainment — so you can enjoy your life without going overboard.

🐖 4. Instead of spending — move it to your Savings Jar
Feeling tempted? Transfer that amount to the Savings Jar — a built-in saving feature in Simbank.
In a few days, you’ll either forget about the item or realize you genuinely want it. Meanwhile, your money grows — the balance earns 7% annual interest.

🔒 5. Make buying a little less convenient
Remove saved cards from online stores. It’s a simple trick, but it works: having to enter your card details manually gives you time to pause and ask — do I really need this?

💬 Financial mindfulness is not about restrictions — it’s about making conscious choices.

It’s not about giving up everything — it’s about learning to distinguish impulsive wants from real needs.
Simbank, the mobile service by OJSC Doscredobank, helps you manage your finances: track spending, save, earn cashback, and use your credit limit wisely.

📱 Simbank — a mobile service by OJSC Doscredobank
📄 Licensed by the NBKR, No. 037