The Psychology of Spending: Why We Overspend and How to Stop
The Psychology of Spending: Why We Overspend and How to Stop Ever bought something you didn’t need, just because it felt good in the moment? You're not alone. Overspending isn’t always about poor math—it's often driven by emotions, habits, and environment. Let’s explore why we do it and how to regain control. Common Psychological Triggers Behind Overspending Emotional Spending: Buying to soothe sadness, boredom, or stress FOMO (Fear of Missing Out): Impulse purchases to feel connected or up-to-date Instant Gratification: Preferring short-term rewards over long-term goals Social Pressure: “Keeping up” with friends, influencers, or trends Signs You Might Be Overspending Your credit card balance keeps rising month to month You hide purchases from others (or yourself) You feel guilty or anxious after shopping You're unsure where your money goes each week How to Take Back Control 1. Track Every Dollar Use apps like WeMoney or Frollo to...