By Tim Kowols
Whether it is for good or bad reasons, emotional spending can cost you lots of money if you do not recognize it. It is part of the reason why Money Management Counselors in Sturgeon Bay sits down with clients to listen to their stories and get to the root cause of their spending habits. Gay Pustaver from Money Management Counselors says deep issues like overcompensating with gift giving despite changes to their financial situations are among the leading causes of emotional spending.
Investopedia.com encourages consumers to also avoid impulse buys, limit temptations, and find alternative activities to curb emotional spending.