The Psychology of Spending: How to Overcome Impulse Buying
Today, most people make impulse buys that are emotional rather than rational. Understanding what motivates impulse buying will help you control how you spend your money. Impulse buying is usually driven by emotions rather than rational decision-making. This article details what impulse buying is and how you can overcome it. What Is Impulse Buying? Impulse buying refers to any purchase you make without planning. It may also lead you to spend beyond what you can afford. Impulse buying is mostly emotional and usually results from some kind of distress. Self-esteem issues, sadness, anxiety, or boredom could all contribute to impulse buying. Strategies to Overcome Impulse Buying Making financial decisions with your emotions can negatively impact your mental health and lead … Read more