Emotional spending is something I’ve noticed a lot of people struggle with, myself included. It’s easy to justify a purchase in the moment, but those small decisions can add up and derail long-term financial goals. I’m curious if anyone has explored using behavioral economics principles to help manage this?
For example, I’ve heard about “nudges” like setting up automatic savings or using visual reminders of financial goals to make better choices. Has anyone tried something like this? Or maybe you’ve found ways to reframe how you think about spending like focusing on the long-term impact rather than the immediate gratification?
I’d love to hear what’s worked for others. Are there specific strategies or tools you’ve found helpful in breaking the cycle of emotional spending and building more sustainable money habits?