Do you still spend emotionally?

Even when times are tough, many of us can’t differentiate between what is urgent and what is not. We dig ourselves into more debt than we ought to. When this happens, it’s not a lack of knowledge but a lack of self-control. Quit spending emotionally and protect your future investments.

What is emotional spending?

Emotional spending occurs when you buy something when you are stressed, feeling under-appreciated, heartbroken, bored, incompetent, and unhappy- Investopedia.

Spending emotionally plunges us further into debts, frustrations, and confusion.

Most of the purchases we do are done emotionally and with unreserved sentiments. We don’t always need what we buy. There’s no need to accumulate stuff you don’t need. Our subconscious thoughts tend to control our cognitive thoughts more.

Spending wisely requires rationality. If you can’t trust yourself to spend wisely, surround yourself with friends that are prudent in spending. You don’t have to buy it if you don’t need it.

Keep a picture of your goal in front of you. Get a friend who will hold you accountable and remind you of your goals and the need to be rational.

Practise delayed gratifications. It will help you know your desires and the importance of what you need to purchase, thereby make you spend more consciously.

If you desire to get out of debt, or the hole you’ve found yourself in, stop digging!

Blessings and Love ❤️

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