Let's face it, nobody is perfect. From time to time each of us will slip up and splurge on a piece of clothing, a night out or a piece of technology we simply must have. Afterward regret may sink in and other monetary issues could come to light, such as not being able to afford groceries or pay utility bills. These aren't the end of the world, and though they will cause some emotional distress, there are ways to recover from these financial stumbling blocks.
Acknowledge the issue
The first thing to do is look at what you've bought, how much you've spent and understand where you are financially after the deed is done. Sometimes the damage isn't as dire as others, depending on what the item is and whether you can do anything with it at that point. The Huffington Post recommends trying to see if there's a return policy at the store, selling the item online or trying to find some other way to get at least a portion of your money back.
Another strategy is to open an account just for spending money, much like the way people have specific savings and life insurance accounts at the local bank. This ensures that once you've blown your fun money, so to speak, there's still enough set aside for mandatory expenses and a little savings to grow on in the future. It may be tempting to simply move more money into that account, still, but you'll have a moment's pause at least to think about the ramifications.
Make a partnership
Couples have as many problems with money as they do benefits. On the one hand, money is never a comfortable subject, but there's also the bonus of having someone else to plan with and another set of eyes to review budget materials. Richard Meadows wrote for New Zealand's Stuff.com that better communication between partners can also lend itself to better financial management.
If you aren't married or in a relationship, you can still discuss your spending and savings habits with a financial advisor. This individual can partner with you to create a sound investment and savings strategy to ensure you won't wind up in a hole with overspending.
The Huffington Post also mentioned it's best to be honest with yourself about spending to avoid a pattern of continued failure. If you know you like to spend too much money on Facebook games, shoes and clothes, television and software purchases, avoid the places and websites most likely to tempt you into straying from your plan. Otherwise you could be in for a big financial fall.