The Wallet
How Can I Curb Emotional Spending?
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Episode notes
This week we're bringing you one of our most popular hotline episodes about emotional spending. With the holidays coming up, we thought this might be the perfect time to remind ourselves how emotions can affect our finances!
In today’s episode, we talk about emotional spending. With January sales in full swing, temptation to splurge is everywhere. And while spending impulsively on occasion is okay, it’s important to understand that the rush we get from shopping is short-lived. If you often find yourself having a hard time trying to control your spending, or impulse buying to improve your mood, it might be time to take a look at curbing the habit.
Today on The Wallet:
1. Understand what emotional spending is and why it provides that all-too-familiar, albeit fleeting, feeling of the ‘shopper’s high’.
2. Find out why it’s important to be conscious of your emotions and the role they play in your spending.
3. Learn practical tips that will help reduce or completely stop your unintentional overspending.
I’m Emilie Bellet, the founder of Vestpod.com - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! You can learn more about Vestpod, join our events and subscribe to our newsletter at www.vestpod.com and on Instagram @vestpod. Join our private Facebook group: @vestpod.
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* We are not certified financial advisers, information shared in this podcast is for educational purposes & does not constitute financial advice. Invest what you can afford only and for the long term.*
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