Many people make impulse purchases out of boredom, insecurity, and lack of self-control. Ultimately, these purchases end up causing a financial drain and make it more difficult to save and grow wealth. Consider how you would feel if you had $5,000 in your checking account and now it’s $4,500. What would you do now? Now how do you feel about those impulse buys that left you with less money at the end of the month?