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Emotional Spending and Saving and How it affects us

Emotional Spending




Emotional spending or saving of money digs into our emotional state of mind and how it affects the way money spent or saved. Spending or Saving money is directly connected to our present state of mind and emotions play an important role.

Money is either spent or saved and emotional spending or money-saving plays a vital role in the day to day lifestyle of every individual and it speaks volume of both his personality and thought process.

I heard these expressions sometimes ago “money amplifies who you really are” and “you do not know who you are until you have money” and funny how these expressions may sound, it might just be true because how money is spent is a reflection of your thoughts and emotions.

Your immediate mindset or mentality also plays an important role in your ability to handle money. When you are emotionally imbalanced, and your thoughts are unhealthy, it affects the manner in which you also spend money.

Research shows that many of us spend or save money based on our present emotional status. An unhealthy and unbalanced emotion results in an unbalanced spending and an irrational decision making.

How Does This Work: Emotional Spending and Saving

People that exhibit emotional imbalance or have a negative mindset and do not know how to resolve the negative energies within them will definitely use the money to “paper over” the issue until it goes into their sub-consciousness or until you have overcome the negative feeling and have made peace with yourself.


Example of Emotional Spending


Emotional Money Spending


If you have ever thought or believed that you are unworthy of having a great job, you will definitely struggle with your current job because of your wrong mentality. Technically, you might even be making enough money that is needed to meet your needs and be comfortable but this stinking thinking makes you feel off and bad. So you want to do everything you can to feel better so you decide to buy yourself a “good treat” just so that you can get even with the one who you think has a great job. Let’s get the point here: there is absolutely nothing wrong with giving yourself a great treat but if the mentality is wrong, then really you are not having a great time.

The solution here is to fix the root cause of the emotional issue instead of spending money on shopping as a pain relief because of your emotional instability.

And when this emotional imbalance isn’t resolved, you begin to spend more than you can afford which leads to a bigger problem.

Learn to accept who you are, where you are and adapt to your present conditions then work your way out of it with a clear mind.


Addictive Behavior as it affects emotional spending


Addicted Emotional spending


An emotional spender is similar to someone who is addictive to drug or alcohol because the pattern of their spending is similar.

People who are traumatized because of a negative experience show emotional disorder which results in emotional spending to satisfy that emotional hunger or need. For example, someone who uses alcohol to soothe anger or rage will always turn to alcohol for relief. Since drinking makes you feel better, then it is consumed whenever that negative emotion shows up. The urge to feel better always result in emotional spending without giving due consideration to savings.

So each time you feel angry, it goes with a corresponding drink, each time you feel bad, the feeling is soothed with alcohol and like an addiction, you wouldn’t know when to draw the line and because too much alcohol stresses the body you gradually have become an alcoholic and when you can’t find other ways to feel better.

Remember that you haven’t dealt with the original emotional negative issue of feeling bad about the job you do.

For the alcoholic, the booze is the “hit” that makes you feel better. For the money spender, buying things that gratify you represents the “hit”. You will know it is a hit because the euphoria wears off quickly and the problem is still there the next day. It may even look worse because you feel guilty at having gotten drunk, stoned or broke, and still the bad feelings persist.


How Do I Resolve This Emotional Spending



Stoping Emotional Spending


It is a fact that money is always spent unconsciously which means that spending money in most cases is a reaction to a feeling or thought in your mind than a conscious decision. The lasting solution is to balance yourself and make spending money a conscious thing rather than an unconscious or an emotional reaction.


How to achieve a balanced emotional spending


Always have a budget before making a purchase, write down the list of the things you want to buy for both frequent and small purchases. For infrequent purchases, be conscious enough to decide whether the item you want to buy is needed and not just on the spot purchase and always record the purchase you made.

The record of the purchase is very important because you are most likely will forget how many times you made frequent visit to the shopping mall.


Nuggets for shopping


Pay with cash, because when you do, it allows you to think and feel the pressure or stress of the consciousness of the money you have spent. This will naturally allow you to emotionally save money.

Don’t go shopping when you hungry, thirsty, distracted or emotional. If you are not happy or satisfied when you enter a store or website, you are bound to want to feel good instantly, and this means buying things you really don’t need.


The Society and emotional spending


The society won’t encourage you to emotionally save money, you are never asked at the counter if you really needed the things that you have purchased instead they will show you a more expensive product to buy. Money spending is encouraged at all levels so it is up to you to bring the emotional balance of consciously saving money or of spending the money wisely.


Emotional Saving


Emotional saving may also be done for the wrong reasons because there are people who feel extremely bad when they spend money, so saving money can also be a bad thing. The point here is that spending or saving must be a conscious decision and not just emotionally motivated.

So spending or saving money should be done for a good reason because there are bad reasons for saving or spending money as well.

For example, an over frugal person who refuses to spend money because of the good feeling he has of his account balance gives flimsy excuses of not having enough money when he ought to be spending on important needs. He can decide to go hungry and be thirsty and still won’t spend his money because saving money makes him feel really great.

The Balance in Emotional Spending and Saving


The key to emotional spending and saving lies in having the right balance of an emotional mindset which is basically being at peace with yourself because if you can find the balance for your emotional thought pattern then it will be reflected in a robust account balance.

Remember that you should buy only the things that are of value to you, things that you won’t have regret after the purchase and you will have an emotionally balanced saving and spending lifestyle.

You will also have to dig deeper into where the feelings of lack, guilt, shame, rage, and frustration come from. Once you realize that you are loveable, adequate, powerful and worthy, many of these addictions simply will stop to exist if it existed before.



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