OVERSPENDING

Did you know that money is a spirit?

The times you need money for something vital, it won't show up
If you've ever experienced a feeling like manie or hypomania you might spend more money than expected.

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In this economy where financial problems can be obvious,
Overspending can sneak up on you.

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"Why can't I stop spending"? This is probably one rhetorical
question we haven't found an answer to

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Overspending is an addiction, the brain releases dopamine during shopping stimulating pleasure, in other words when u spend there's a joy within
Hathai said: some people overspend as a result of escapism, temporarily distracting themselves from emotional pains,

TYPES OF OVERSPENDING

• Neutral spending
  *Abundant spending
• Scarcity spending
  *Avoidance spending

WHY PEOPLE OVERSPEND
*SOCIAL PLEASURES
Some people view overspending as a form of social proof,
associating materials purchases with self worth or status

• LIFESTYLE CREEP

WAYS TO CURB OVERSPENDING

• Create a budget:
  Having a clear financial goal in mind can help motivate you to stick to your budget and also map out your monthly expenses.

• Shop with a list:
  making a list for what ever you intend to buy will cut down unnecessary spending

*Visualize what you are saving for:
why are you saving? what do you intend to do with the thing you want to buy? How much is it? When do you intend to get it?. All these questions and many more should be answered before anyone starts savings.

*PLAN AHEAD

Having a healthy spending habit doesn't stop you from buying the things you don't have, if there are necessary
Most persons have zero spending habits which is totally wrong.
Zero spending habits can lead to unnecessary spending too

Change the mentality that you won't spend anything, you may end up spending more than expected and Unnecessarily.

@radleking

@prime33