Overspending and impulsive financial decisions are coping mechanisms and a distraction from what is really going on. Spending gives our brain a reward, a fleeting “high”. We often act from an emotional irrational state that leads us to make bad decisions or bury our head in the sand.
I explore exactly why overspending occurs including the science behind it. Once we have discovered the why, we can then explore the how.
In this episode:
- 5 top tips on how we can prevent overspending from happening
- The things that happen when we are acting from our emotional irrational state
- How the link between trauma and addiction can affect our spending
- Why we need to look at healing our relationship with money to help break bad habits with our spending
- How changing our behaviours from reactive to proactive will increase our bank balance
- The importance of creating a delay before making a purchase and why that can have a massive impact
Resources:
Join The Money Circle
Join Catherine’s Facebook Page and FREE Facebook Group
My Online Courses – Investing for beginners from £1
Catherine’s YouTube Channel
Connect with Catherine on Twitter, Instagram and Facebook
