Life Kit How to stop stress spending
Jun 23, 2022
Tiffany Aliche, widely known as the Budgetnista, is a financial expert and educator dedicated to empowering individuals with financial wisdom. In this discussion, she tackles the psychology of impulse spending and shares tips on creating smart spending habits. Listeners learn how to distinguish needs from wants, manage expenses effectively, and recover from past spending mistakes. Aliche emphasizes the importance of budgeting and saving, and introduces a playful metaphor, 'Wanda,' to motivate people towards better financial health for their future.
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Guilt-Free Impulse Shopping
- Impulse shop within a pre-set budget.
- This allows for small joys without overspending.
Needs vs. Wants
- Categorize purchases by need, love, like, or want.
- Prioritize needs and loves, especially when money is tight.
Entertaining Children Frugally
- Entertain children creatively without overspending.
- Avoid creating a dependence on expensive toys.