The Impact of Impulse Shopping on Money and Relationships

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This chapter explores the consequences of impulse shopping and retail therapy on financial management and relationships in our 20s. It highlights the connection between impulsive spending and lack of budgeting skills, as well as how overspending can be a form of self-soothing. The speakers emphasize the need for open conversations about shopping, spending, and money.

Impulse shopping in an experience we've all had, the feeling of buying something you know you don't really need, but you want it desperately in the moment. Often during this decade we begin earning "adult money" for the first time and that means we can begin spending as a way to emotional regulate. Had a bad day? Buy a new pair of shoes. Been through a breakup? Shopping spree. There are so many ways that companies encourage this behaviour through flash sales and low stock sales, creating a sense of urgency and getting us to spend. So, in today's episode we break down the psychology behind impulse shopping and retail therapy.

We are joined by Alex from the hit podcast, Two Broke Chicks, to provide us with the dos and don'ts of shopping and overspending in our 20s, breaking down the emotions behind buyers remorse, and how to be wiser with your money during this decade.

Follow Two Broke Chicks: https://www.instagram.com/twobrokechicks/?hl=en

Follow Alex: https://www.instagram.com/alexhourigan/?hl=en

Listen to Two Broke Chicks: https://open.spotify.com/show/3d4z5FXeXAtmmP6DPhkpzw?si=aefc278962e64b1b

Follow The Psychology of your 20s: @thatpsychologypodcast

Follow Jemma: @jemmasbeg

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