#127 Overcoming overspending with Paige Pritchard, Money Coach

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Today, I am joined by the insightful Paige Pritchard, a money coach and the owner of the Overcoming Overspending community. Together, we dig into the complexities of overspending, addressing its emotional roots and psychological impact on individuals' lives. Paige offers invaluable insights into understanding the deeper motivations behind spending habits and emphasises the need to reclaim control and satisfaction in life. We discuss practical strategies, such as the "urge jar" to create distance from impulsive buying and find fulfilment without overspending. Join us as we explore the psychological effects of spending habits and discover empowering approaches to overcome overspending.

• Overspending defined
• Impact of shopping on time, relationships, confidence.
• Men face stigma for impulse spending, too.
• Striving for perfection
• Products tied to identity and feelings
• Resist urge to splurge
• Anticipation brings more pleasure than actual events.
• Recognise brain's response
• Individual approach: abstainer vs moderator.
• YNAB for budget transparency.
• Budgeting software provides helpful transparency for planning.
• Impact of shopping on time, relationships, and financial confidence.
• Perfectionism and spending habits
• Consumerism links products to identities and emotions
• Delay impulse buying
• Baseline awareness of brain's response to threats
• No spend challenges
• Personal spending behaviour
• Signs of overspending
• Financial implications
• Time spent on shopping and acquiring
• Impact on relationships
• Financial self-confidence
• Impact on environment and clutter
• Understanding Motivations and Emotional Experiences Behind Spending
• Aspirational spending
• Consumer culture
• Deeper motivations behind spending habits
• Impact of spending habits on psychological wellbeing
• Deeper reasons behind excessive spending
• Regaining a sense of control
• Escaping life
• Managing Impulse Buying
• Scarcity Spending
• The "urge jar" as a tool
• Form a new habit loop
• Dopamine without spending money.
• Fear of missing out
• Managing Regret
• Decision Making
• Inevitability of emotions
• Implications of extreme approaches.
• Budgeting software
• Managing annual expenses
• Psychological perspective behind impulsive buying
• Creating distance before making a purchase.
• Impact of social media on contributing to overconsumption
• Downplaying shopping addiction.
• The seriousness of shopping addiction and its effect on people's lives, especially for women.

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