• 31: The Psychology of Impulse and Emotional Buying Plus Strategies to Manage it

  • May 14 2024
  • Duración: 28 m
  • Podcast

31: The Psychology of Impulse and Emotional Buying Plus Strategies to Manage it

  • Resumen

  • Are you hiding bags and bringing them in?

    Is your partner mad at you because you both agreed not to spend on something and you went and did it anyways?


    Emotional and impulse spending always have a cost beyond the financial side of it. In this episode, Sydney and Kristen explore the psychology of emotional buying and how our spending habits affect our mental health just as much as our financial health .


    They explore how your childhood experiences, money scripts, cultural influences, and societal norms influence your spending habits. The duo also shares their personal stories to illustrate how their upbringing shaped their spending habits and discuss strategies for recognizing and managing emotional buying.


    01:18 — Exploring the Psychology of Emotional Buying

    02:00 — Childhood Influences on Money Habits

    11:29 — The Impact of Social Media on Emotional and Impulse Spending

    13:44 — Why You Need to Define Money Values

    17:56 — Strategies for Managing Emotional and Impulse Spending



    📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE

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    ❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT

    Get the Tax Planning Questions Guide


    🛍 75+ TAX WRITE OFFS

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    ✅ BOOKKEEPING CHECKLIST

    Get the Book Keeping Checklist


    💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS

    Apply for Bookkeeping or Financial Analysis Services


    👋 CONNECT WITH SYDNEY & KRISTEN

    Website: https://knowyourworthpgh.com/

    Instagram: https://www.instagram.com/knowyourworth_pgh/

    YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/

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