Spending (part 2)
One-third of all consumers are influenced in their shopping decision by emotional factors, including fun and excitement, stress reduction, and concern for family welfare. All of us make money mistakes the trick is not to overdo it! Do any of these spending personalities describe you?
An esteem buyer buys to gain peers approval. Tip: Gain your own esteem by conquering spending mistakes.
Do you spend excessively on a habit, hobby or collection? Identify the underlying causes for being an overdone buyer. Perhaps you are bored. Ask a friend or professional for help.
A hot potato buyer delays making decisions, then reacts impulsively. Tip: Take time to educate yourself before making important financial decisions.
Source: Adapted from Spend yourself rich! by Grady Cash
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