Peeling Back The Layers Of Why We Spend
Before I go, wanted to share one thought with you that I’ve NEVER heard before…
Wish I spent MORE during the holiday season
Is this you? It’s definitely not me!
If this is indeed you, I’m envious. You should be writing this blog, not me! If you’re more like me (and often regret your January credit card bills), listen up.
Have you ever wondered why it’s far easier to spend than save even when you know you must cut back? There are a host of reasons, emotions and history behind our purchasing behaviour. At this time of year, it’s especially easy to justify overspending. Perhaps a deep-seated desire to give and make others happy?
Understanding why we buy is a great first step towards better financial decision-making. Once we know our triggers or weaknesses, we are more aware and can stop them in their tracks.
So before you visit the mall, please humour me and have a look at this article. Sometimes, we need to look in a mirror to really recognize ourselves.
You never know…maybe your January bills won’t be so bad after all? Let’s toast to that!
Proud founder of this blog Let’s Talk About Money, Patricia Gass, CPA, CA, provides personal finance coaching and education to improve your money skills. Follow her on linkedin, twitter or pinterest