Emotional Spending

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What Is emotional spending? (And how to control it)

Rounding it up

  • Have you ever gone out on a big shopping spree while sad, stressed, or angry? That’s called emotional spending, or “retail therapy,” and is very common.

  • Emotional spending makes it easy to rack up debt. You can prevent it by identifying the triggers and dealing with any underlying causes.

  • Try to make spending more difficult for yourself, like unsaving your credit card information from your laptop.

  • It also helps to create a reasonable budget, steer clear of advertising, and limit impulsive spending by waiting at least 24 hours before you decide to purchase something.

5 min read

Nicole Dickens
#shopping#emotional spending#retail therapy#budgeting

Nicole Dickens

Nicole is just another twenty-something who (thankfully!) stumbled into Marketing. A fiction and Twitter buff, she loves all things pop culture and will never turn down a taco or a themed party.

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