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Retail Therapy Won't Fix It: How to Break the Cycle of Emotional Spending | 25
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Content provided by Julian "Jewlz The Budget Nerd" Kohlbrand, Certified Financial Coach, Julian "Jewlz The Budget Nerd" Kohlbrand, and Certified Financial Coach. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Julian "Jewlz The Budget Nerd" Kohlbrand, Certified Financial Coach, Julian "Jewlz The Budget Nerd" Kohlbrand, and Certified Financial Coach or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
In this episode, Julian "Jewlz The Budget Nerd" Kohlbrand talks about emotional spending, ways to identify it, how to safeguard your finances from it and practical ways to build health habits to keep your emotions from derailing your financial goals.
Key Takeaways:
- Emotional spending is real: Our emotions significantly influence our financial decisions.
- Identify your triggers: Understand what emotions lead you to impulsive spending.
- Pause and reflect: Take a moment to assess your emotions and the potential consequences of impulsive purchases.
- Develop healthy coping mechanisms: Replace emotional spending with activities that bring you joy and reduce stress.
- Set financial goals: Having clear financial objectives can help you stay focused and avoid impulsive spending.
- Seek professional help: If emotional spending is a persistent issue, consider consulting a therapist or financial coach.
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ABOUT:
Welcome to the Debt Rebel Podcast. Where we discuss the ins and outs of personal finance for families so you can eliminate the burden of debt, create financial margins, and learn a new way to interact with money.
I’m your host, Jewlz The Budget Nerd. And I’ve been in your shoes. My husband and I have paid off over $107k in consumer debt until we finally threw in the towel and decided it wasn’t for us. Throughout our journey, we learned another way to do life without debt and that’s my hope for you.
Disclaimer:
The information provided on this podcast is for informational and educational purposes only and does not constitute financial, investment, or other professional advice. The views expressed are those of the host and guests and are based on our own experiences. Always seek the advice of a qualified financial advisor or other professional with any questions you may have regarding your financial situation. Neither the podcast nor its host assumes any liability for any financial decisions or actions taken by the listener based on the information provided.
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