Emotional Spending

By August 22, 2012Uncategorized

The response to the Making Peace with Target post has been tremendous.

I’ve had emails coming in from all over the world.

Turns out I’m not the only one who has a dysfunctional relationship with Target.

As one reader put it, “Target is crack cocaine for middle class women!”

So what can we do about it?

To answer that question, I’m pulling out a video from the archives.

It’s all about how to identify emotional spending.

In reality the process of breaking up with Target and emotional spending isn’t easy.

It’s taken me a long time.  It was really uncomfortable.  I had to exam who I was, my beliefs about money, and start paying attention to how I was feeling (by far the hardest part).

I still fall off the wagon from time to time.

But one of the most important things I did was to start paying attention.

How was I feeling when I was shopping?

How did I feel when I was done?

Slowing down and asking myself some hard questions in the middle of the aisle with a cart full of stuff.

So I challenge you to do the same.

There’s 4 key questions I ask myself before I hit the check out line:

  • Question 1: What do you think it will mean if you don’t buy the item?
  • Question 2: Why do you want the item & how do you think you will feel if you buy the item?
  • Question 3: Are you in a hurry?
  • Question 4: Will this item take my closer to or further from my financial goals?

You can read the full original post on emotional spending by clicking here. There’s some more juicy details on these four questions.

Emotional spending was the biggest challenge I faced with money.  It’s not an easy dragon to slay.  But it’s well worth the fight.

Leave your comments and insights below.

Email me your questions on money to christy.lambert@areyouthriving.com

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