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The Psychology of your 20s

152. Impulse shopping and retail therapy ft. Al from Two Broke Chicks

Dec 14, 2023
Joining the hosts of The Psychology of your 20s is Al, co-host of Two Broke Chicks podcast. They discuss impulse shopping and retail therapy in our 20s, the emotions behind buyer's remorse, and how to be wiser with money. Find out the dos and don'ts of shopping and overspending, and the psychology companies use to encourage impulse buying.
56:49

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Creating a budget and understanding our financial situation is crucial for managing money in our 20s.
  • Recognizing the psychological tactics used by brands can help avoid impulse buying and retail therapy.

Deep dives

Summary of main ideas

Managing money in our 20s can be challenging, especially when it comes to impulse buying and overspending. To overcome these challenges, it is important to start with budgeting and understanding our financial situation, including income and expenses. Creating a budget template can help track expenses and identify areas where we can cut back. We should also be mindful of the items we truly need to spend our money on, distinguishing between wants and needs. Taking control of our finances in our 20s sets the foundation for long-term financial well-being.

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