Practical ways to tackle overspending

By Kimberly Palmer, NerdWallet

Mykail James is not ashamed to call herself a “recovering overspender.”

The Washington, D.C.-based financial educator, who also goes by “the boujie budgeter” online, says she used to spend too much money on splurges like concert tickets and clothing.

But today, she has her spending under control thanks to a set of rules she follows.

One rule? She gives herself a limit for how much she can spend in certain categories. She can buy a concert ticket...