145. Personal Spender Series: Emotional spending
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Episode Synopsis:
In this episode, Gina discusses emotional spending and its impact on financial goals. She shares a client story about impulsive emotional spending and explores the reasons behind it. Gina defines emotional spending as using money to seek a dopamine hit or escape negative emotions. She provides examples of emotional spending, such as shopping when sad or buying a plane ticket to escape unhappiness. Gina explains why emotional spending doesn't work in the long term and how it can hinder financial progress. She also addresses the connection between emotional spending and ADHD, and encourages listeners to redirect their spending towards their true desires.