The Psychology of Money: Why We Overspend and How to Stop
The psychology of overspending is rooted in emotional regulation, social comparison, and cognitive biases that create a powerful cycle of pleasure and guilt. Many people spend money impulsively to cope with stress, sadness, or anxiety because shopping triggers the brain’s reward system, releasing dopamine—a neurotransmitter associated with pleasure and satisfaction. At first, the purchase provides […]
Are Emotional Spending Triggers Wrecking Your Budget?
Emotional spending triggers affect millions of people — often without them even realizing it. Emotional spending happens when your purchases are guided by how you feel rather than what you actually need or can afford. Maybe you buy a new outfit after a stressful workday, or order takeout when you’re lonely — all in the […]
The Surprising Ways Your Childhood Shapes Adult Money Fear
Your childhood experiences play a pivotal role in shaping your financial attitudes as an adult. From the way your parents handled money to the conversations you overheard at the dinner table, these formative years lay the groundwork for how you perceive and interact with finances later in life. Because childhood shapes adult money fear, growing […]
Crushing Debt and Credit Problems? Here’s Your Comeback Plan
Crushing Debt and Credit Problems? Here’s Your Comeback Plan. If you’ve ever looked at your bank account and felt panic—or stared at your credit report and felt shame—you’re not alone. Millions of Americans are drowning in debt, fighting to rebuild credit, or struggling with emotional spending habits that sabotage their goals. Understanding your relationship with […]
Can You Afford It? Resisting The Urge to Splurge
You recently turned 50 — or maybe even 60 or 70 years old — and now you want to buy something big. A vacation home. A cruise around the world. That luxury car you’ve always wanted. Others might try to talk you out of it, suggesting it’s your age or ego speaking to you. Could they […]
Coping With Divorce When He Is The Primary Breadwinner
Coping With Divorce When He Is The Primary Breadwinner Q: My husband is leaving after twenty years of marriage. He has been the primary bread winner. I make 25,000 a year doing job a love. I and my adult children will be living together for one year (hopefully). I do not know where to begin with […]
How To Stop Spending Like A Shopaholic
Quite often how and why we spend money is tied to our is tied to our emotional state. Sometimes we spend money completely on a whim because something struck us a being a “must have” item in that moment. At other times, our purchasing decisions are wrapped up in the way we feel overall . […]
I’m a Shopaholic. How Can I Stop Over-Spending?
If we’re honest with ourselves, many of us will admit that so much of what we spend money on – and why we spend money – is tied to our emotional state. Sometimes we spend money completely on a whim because something struck us a being a “must have” item in that moment. Later, that […]