ADHD Chatter How To Instantly Stop Impulse Spending
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Feb 24, 2024 Dive into the unique struggles of impulse spending, particularly for those navigating ADHD. Discover how childhood beliefs can shape adult spending habits and the emotional toll it can take, including feelings of shame. Learn effective strategies to combat impulsive urges, such as using reminders and enlisting support from friends. The discussion encourages self-compassion, empowering listeners to cultivate healthier financial behaviors in a consumer-driven world.
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Time Rule for Impulsive Spending
- Implement a waiting period (24-48 hours) before making purchases to curb impulsive spending.
- This "time rule" helps create a barrier between impulse and action, allowing for more thoughtful decisions.
Mindset and Impulsive Spending
- Impulsive spending is often linked to negative feelings or beliefs about money.
- Addressing underlying mindsets and emotions related to money is crucial for long-term change.
Practical Tips for Managing Impulses
- Discuss potential purchases with a trusted friend or family member before buying.
- Set a specific budget for impulsive spending, using a separate account or card to limit overspending.