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31: The Psychology of Impulse and Emotional Buying Plus Strategies to Manage it
Manage episode 418222956 series 3507813
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Are you hiding bags and bringing them in?
Is your partner mad at you because you both agreed not to spend on something and you went and did it anyways?
Emotional and impulse spending always have a cost beyond the financial side of it. In this episode, Sydney and Kristen explore the psychology of emotional buying and how our spending habits affect our mental health just as much as our financial health .
They explore how your childhood experiences, money scripts, cultural influences, and societal norms influence your spending habits. The duo also shares their personal stories to illustrate how their upbringing shaped their spending habits and discuss strategies for recognizing and managing emotional buying.
01:18 — Exploring the Psychology of Emotional Buying
02:00 — Childhood Influences on Money Habits
11:29 — The Impact of Social Media on Emotional and Impulse Spending
13:44 — Why You Need to Define Money Values
17:56 — Strategies for Managing Emotional and Impulse Spending
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👋 CONNECT WITH SYDNEY & KRISTEN
Website: https://knowyourworthpgh.com/
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YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/
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