Breaking Old Habits - Spending Triggers
Triggers and Your Spending
Today we want to talk about triggers and spending in the context of understanding what drives your spending behavior. Some women are really in tune with why they spend (need or want), on what and how much. For others, it might not be that easy.
It’s important that you take the time to learn the various things that “trigger” your spending. When you are depressed, lonely, sad, anxious, excited, after a fight with your partner, whatever it may be, do you spend more? For some of us this may be the case and the result could be unnecessary bills for stuff you really don’t need. Once you can identify these triggers, you can learn how to control them.
As an example, a life event can trigger many different emotions in you and trigger spending. That is why it is important that you take stock of your life and your money. Download our FREE copy of BIG Changes - Life Event Planner to figure things out. For example, if you were just downsized or right sized from your job, you may have an overwhelming “need” to spend money, even if you are on a strict budget. For some, boredom can trigger a head for the shops. Know your Money Self.
Understanding Your Emotions
Knowing how your emotions drive your spending can help you to discipline yourself to find other ways to comfort yourself. Many women who transition into retirement spend excessively in the first few years or the honeymoon phase. The risk in doing this early in retirement or rekindling is running out of money. Keep track of your spending because you may live to 100 and need to protect your nest egg. Set Goals for your Rekindling years. This will keep you focused on what is important to you. Create My Big Picture for the 60+ years today. You will find this booklet at http://www.savvymoneygal.com
We all have a moment of weakness. If you have a particular weakness, stay away from it. If you have a weakness for shoes, drive past your favorite shoe store. Savvy Money Gal Anita has a weakness for Magazines on home design and decoration. She buys only one subscription a year and borrows magazines from the library. While avoiding temptation is hard, it is also necessary in order to save money.
The Right Time to Shop
Research tells us that shopping while hungry, depressed, tired, or stressed, results in buying more. Before you head to the grocery store, eat something. Really! If you are upset or feeling a little blue, calm yourself down or wait until you feel better before you head out to shop. As funny as it may sound, having a clear mind is important when it comes to shopping and spending money. Be savvy about your Money.
Getting More Money Bliss.
More Like This
Most Popular on BlogHer
Most Popular on Money
Recent Comments on Money