Overcoming overspending with Paige Pritchard, Money Coach

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Today, I am joined by the insightful Paige Pritchard, a money coach and the owner of the Overcoming Overspending community. Together, we dig into the complexities of overspending, addressing its emotional roots and psychological impact on individuals' lives. Paige offers invaluable insights into understanding the deeper motivations behind spending habits and emphasises the need to reclaim control and satisfaction in life. We discuss practical strategies, such as the "urge jar" to create distance from impulsive buying and find fulfilment without overspending. Join us as we explore the psychological effects of spending habits and discover empowering approaches to overcome overspending.

Overspending defined
Impact of shopping on time, relationships, confidence.
Men face stigma for impulse spending, too.
Striving for perfection
Products tied to identity and feelings
Resist urge to splurge
Anticipation brings more pleasure than actual events.
Recognise brain's response
Individual approach: abstainer vs moderator.
YNAB for budget transparency.
Budgeting software provides helpful transparency for planning.
Impact of shopping on time, relationships, and financial confidence.
Perfectionism and spending habits
Consumerism links products to identities and emotions
Delay impulse buying
Baseline awareness of brain's response to threats
No spend challenges
Personal spending behaviour
Signs of overspending
Financial implications
Time spent on shopping and acquiring
Impact on relationships
Financial self-confidence
Impact on environment and clutter
Understanding Motivations and Emotional Experiences Behind Spending
Aspirational spending
Consumer culture
Deeper motivations behind spending habits
Impact of spending habits on psychological wellbeing
Deeper reasons behind excessive spending
Regaining a sense of control
Escaping life
Managing Impulse Buying
Scarcity Spending
The "urge jar" as a tool
Form a new habit loop
Dopamine without spending money.
Fear of missing out
Managing Regret
Decision Making
Inevitability of emotions
Implications of extreme approaches.
Budgeting software
Managing annual expenses
Psychological perspective behind impulsive buying
Creating distance before making a purchase.
Impact of social media on contributing to overconsumption
Downplaying shopping addiction.
The seriousness of shopping addiction and its effect on people's lives, especially for women.

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