The Emotional Spender spends most of their money during times of heightened emotion. The purchase made depends on the emotion felt towards the item. Shopping replaces unwanted emotions with positive emotions and amplifies feelings of happiness.
A common reason for shopping is to decrease boredom and/or increase positive emotions. Create a list of activities you love to do so you can choose a less expensive (or free) activity easily
Ask yourself what purpose the shopping trip has. Name the reason for your trip. If you can’t, it is likely that you are looking for an emotional solution
If you don’t know exactly what you are going to buy, don’t go into the store. This goes for each store individually, and not just one shopping trip
The spending habits that I found in my own spending were universal to individuals that struggle with overspending. Through my research I have identified six main Spending Types that account for most of our overspending. Read more about the remaining Spending Types.
Frustrated about overspending? You just need to budget, right? WRONG! Going over budget is not a budget issue—it’s a spending issue. To deal with overspending, you need to deal with the spending habits behind your spending.
Now that you have found your Spending Type, you need to learn how to use that knowledge to curb your spending. Here are your first steps: