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8 Tangible Strategies to Combat Overspending
Manage episode 415207213 series 3437208
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In this episode, Israel and Sunem discuss the topic of overspending and provide tangible strategies to combat it. They explore the reasons why people overspend, including emotional spending, lack of financial boundaries, and money scarcity. They emphasize the importance of tracking expenses, remembering your financial why, creating a budget, and developing better boundaries with yourself and loved ones.
In this episode you will learn:
- Why overspending can be influenced by emotional spending, lack of financial boundaries, and money scarcity.
- How tracking your expenses helps you understand where your money is going and make more intentional spending choices.
- How societal factors, such as consumerism and inflation, can contribute to overspending.
- How therapy can be beneficial for addressing the underlying causes of overspending.
- Why participating in no-spend challenges can help you break the habit of overspending.
- And more!
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