Emotional Spending

© American Institute for Preventive Medicine. All Rights Reserved. HealthyLife.com
© American Institute for Preventive Medicine. All Rights Reserved. HealthyLife.com
it Matters
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Being more self-aware is often the first step in regaining control of your finances.
Some people spend money impulsively when they are feeling sad, lonely, or frustrated. This spending habit can cause financial troubles if left unchecked.
Talk to friends to share information, challenges, and helpful ideas for managing money.
Practice mindfulness to help calm your stress response and gain greater mental clarity when spending money.
Find new and healthy ways to cope with negative emotions. Go for a walk, talk it out with a friend, or consider seeing a financial therapist for help.
Know your money situation, including your income, assets, debt, loans, and expenses.