The Financial Independence Blog

Are You An Emotional Spender?

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Do not use money to make yourself feel good. The psychological high that comes from a purchase, like other vices, is fleeting. There is nothing wrong with buying designer handbags and shoes as long as you are living well below your means and not using the purchases as a way to make you happy. But when you find yourself consistently practicing “retail therapy” or any other type of behavior that relies on spending money in order to feel good, replace it with activities that promote self-reliance and self-respect.