Money Emotions and How to Manage Them

In our recession state of affairs, it often pays to cultivate calm before making financial decisions. Envisioning your goals and sharing them with others can help you overcome the money emotions that might prompt detrimental financial decisions.  Are you splurging on small indulgences to help cheer yourself up? This is what we call “emotional spending” [...]

By | October 23rd, 2017|Psychology of Debt|0 Comments

Ask Yourself These Questions, Before You Shop

One of the concepts to mindful consumption is to pause and take the time to reflect before making purchases. What if every time you were about to make a purchase, that little voice in your head asked you if you really needed it? And forced you to have a hard think over the long-term ramifications [...]

By | September 14th, 2017|Psychology of Debt|0 Comments

Online Shopping Addiction and Ways to Combat it

Can’t resist the online sales? Your desire to shop can be stopped; let’s discuss how you can go about making some positive changes to curb your addiction. Many of us might joke about our shopping addictions or be quick to call someone that we know a “shopaholic”. I often discuss this topic with people that don’t [...]

By | September 12th, 2017|Psychology of Debt|0 Comments

Our Dysfunctional Relationship with Shopping and what it Say’s About Us

Often we have a dysfunctional relationship with shopping, its more common than you think, so let’s explore the cause of this behavior in-depth I was once told a story by an individual about how growing up their father would buy them nice things from expensive stores because he was always feeling guilty for breaking up the [...]

By | August 29th, 2017|Psychology of Debt|0 Comments

Motivational Images and How They Can Motivate Your Finances

Illustrations to guide people toward better financial choices. Financial planning has two sides: the logical, which focuses on tasks such as making monetary decisions and creating a spending plan, and then the more emotional aspect of what, drives people to really get on top of their finances. There’s a lot that goes into someone being financially [...]

By | August 24th, 2017|Psychology of Debt|0 Comments

Tips for Ending Your Shopping Addiction

These ideas will help you, or your friend, fight the desire to over shop. Many people who suffer from compulsive shopping experience a short-lived rush that can have lasting effects on their finances. If you found yourself shopping more than you’d like recently and are now trying to tap down on your spending, then you [...]

By | July 17th, 2017|Psychology of Debt|0 Comments

Ways We Unconsciously Teach Our Kids Money Values

“Do as I say, not as I do.” Some parents live on this aphorism when it comes to teaching their kids. We don’t necessarily say it verbally, but that is the kind of message we are sending to them. Unfortunately, however, it’s not how it works. Kids imitate our ways more than they listen to [...]

By | June 29th, 2017|Psychology of Debt|0 Comments

How Can Impulsive Buyers Stop Spending Money?

Impulsive shopping what is it? Merely stated, it’s an unplanned purchase of services or products. In accordance with the, such purchases “ranges from small (chocolate, clothes, and magazines) to considerably giant (jewelry, car, murals)…” Therefore, one of many explanations as to why individuals achieve dangerous amounts of debt, is due to impulsive shopping. It’s a [...]

By | June 27th, 2017|Psychology of Debt|0 Comments

What to do With People Who Are Keeping You in Debt?

Money and people...Sometimes you love them, and sometimes you don’t want to be anywhere near them. When it comes to your money, people can be a wonderful influence—like your grandmother who never took out a loan her entire life, even for those overpriced dentures she bought. But people can also drag you down. You know those people. [...]

By | June 23rd, 2017|Psychology of Debt|0 Comments

8 Signs You’re a Shopaholic — and What to Do About It

Are you a Shopaholic? It’s one thing to surrender to the occasional impulse buy — that watch gleaming from behind the display case, or a pair of black shoes that will add the perfect dash of sophistication to your favorite business suit. But when your purchases shift from impulsive to compulsive, it’s the first sign [...]

By | June 20th, 2017|Mental Debt Health, Psychology of Debt|0 Comments