Episode 197: Understanding and Overcoming the Emotional Triggers of Overspending with Paige Pritchard

In this episode, hosted by Melissa Fradenburg, we explore Paige Pritchard's remarkable transformation from an impulsive shopper to a financially savvy individual. By age 29, Paige had achieved notable financial milestones: she paid off $40,000 in student loan debt, cash-flowed her MBA, became a homeowner, and built a substantial six-figure investment portfolio. As a certified life coach, she has empowered thousands of women to improve their spending habits through various platforms, including her social channels, The Money Love Podcast, and her group coaching membership, Overcoming Overspending.

Paige divulges her three-phase approach to money management, underscoring the pivotal role of mindset and emotions in financial decision-making. She provides an in-depth look at the emotional triggers that often lead to overspending, alongside proposing healthier coping strategies. A significant focus is placed on the impact of social media on spending habits. Paige offers valuable insights on how social media can instigate detrimental spending mindsets and provides strategies to counteract these influences.

The episode also delves into the concept of "spending self-concept," where Paige discusses how our mental and emotional states can drastically affect our spending choices. This discussion goes beyond mere financial advice; it's a journey of self-discovery, enriched with personal stories and practical tips designed to transform your relationship with money. Join us in this empowering episode as we learn to overcome the lure of overspending and embark on a path to financial health and freedom.

Resources: 

Connect with Paige on Instagram: @overcoming_overspending or TikTok:@overcoming_overspendingFollow Paige on her YouTube ChannelListen to The Money Love PodcastJoin her Free Masterclass: Why You Impulse Shop & How To StopWork with Paige: Overcoming Overspending MembershipLearn more about Pearl Planning. Register for our2024 Winter Economic Update and Investment Outlook. 

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Data Sources: Capital Group, RIMES, Standard & Poor's.