Is Emotional Spending Ruining Your Finances?

Yusra3

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If you're like most people, you feel like you're one of the only ones who struggles with money. But the truth is that everybody has to worry about their finances and no matter where you are in life and no matter what your financial situation is, it's possible for your emotional spending to get out of control.

You might be surprised to learn that all of us have a tendency to spend money on things we don't need or want. This can happen when we're feeling stressed out, bored, angry or sad. If you've ever felt this way, then you know how hard it can be to stop spending when emotions are running high. And the problem doesn't end there: these kinds of situations can lead to even more problems down the road if we don't address them now.

Here are some common ways that emotional spending can wreak havoc on your finances:

1. You buy things impulsively because they make you happy or relieve your stress (unhealthy eating or drinking).

2. You spend money on something that makes you feel better but doesn't actually solve any real problems (being alone).
 
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