Emotional Spending

Back to learn

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.

Recent Articles

Upcoming trip? Here's why you should use a prepaid Visa card for travel purchases

Do I need renter's insurance in Canada?

How much should Canadians save for retirement?

What is value added tax? Is there VAT in Canada?

Is it more expensive to live in Canada or the US?

Should I keep accounts at multiple banks?

Related articles

Upcoming trip? Here's why you should use a prepaid Visa card for travel purchases

5 mins

Gaby Pilson

Going on vacation? So much fun. Budgeting for one? Not as much. Luckily, your KOHO app and prepaid card can help every step of the way.

Upcoming trip? Here's why you should use a prepaid Visa card for travel purchases

5 mins

Gaby Pilson

Going on vacation? So much fun. Budgeting for one? Not as much. Luckily, your KOHO app and prepaid card can help every step of the way.

#travel

#prepaid card

#cash back

#budgeting

Company

AboutCareersCultureGamerLearnPartnersTravelStatus

Connect

The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.