The Wealth Whiz Podcast

EP 24: Proven Strategies to Keep Impulsive Spending In Check


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Have you ever noticed how your mood can influence your spending? Whether it's the thrill of happiness, the weight of stress, or that pesky urge to keep up with others, our emotions often drive impulsive spending and create financial anxiety.

Join me in today's episode as I unpack how these feelings impact our financial health. We’ll explore practical strategies to help you manage emotional spending, including recognizing your triggers, practicing mindfulness, and setting clear financial goals.

Understanding Emotional Spending (00:01:08)

Dopamine and Impulse Purchases (00:02:07)

Financial Stress as a Trigger (00:03:06)

Social Comparison and Spending (00:04:07)

Happiness as a Spending Trigger (00:04:07)

Financial Anxiety and Avoidance (00:05:04)

Long-Term Effects of Emotional Spending (00:06:12)

Identifying Triggers (00:07:08)

The 24-Hour Rule (00:07:08)

Mindfulness in Spending (00:08:05)

Aligning Money with Values (00:08:05)

Zero-Based Budgeting (00:08:59)

Actionable Steps to Combat Emotional Spending (00:08:59)

Reframing Spending Mindset (00:10:40)

Links and Resources:

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The Wealth Whiz PodcastBy Sarah Lagrosa