Despite being a “personal finance expert,” I sometimes find that I’m prone to overspending. I’m usually great at staying the course, but like most people, I have moments or times in my life where I spend more than I normally do. I try not to get too upset about it, but I’ve also wondered, what’s the cause of this excess spending?
Often the reason is just laziness. It’s so much easier to buy dinner as opposed to cooking and is it really a big deal if I treat myself to a slice of cake every now and then? Probably not, but it seems like I tend to overspend at certain times and I’ve recognized a bit of a pattern.
My money trigger
I have this weird obsession with sweets. I seriously can’t get enough of them. It could be cake, cupcakes, doughnuts or chocolate chip cookies; I want them all. I’m always looking for an excuse to devour those delicious treats, but usually, I just convince myself that I deserve a treat. I should also note that one my co-workers also loves cake, so we end up enabling each other, but that’s why we get along.
I clearly have a sweet tooth, but I honestly think my money trigger might be psychological. It’s not like I NEED a piece of cake, but for some reason, I get a rush out of spending money even if it’s just a dollar or two. Perhaps it’s boredom, but I think many people can relate to that feeling you get when you make a purchase for yourself.
Oddly enough, even though I know my money trigger, I’m OK with it, since it’s not costing me too much. That being said, these small purchases can add up, which is why you need to figure out your triggers and how they …read more