How To Cut Back On Emotional Spending w/ Leslie Tayne
How To Cut Back On Emotional Spending w/ Leslie Tayne  
Podcast: Frugal Friends Podcast
Published On: Fri Oct 02 2020
Description: Have you ever bought something to make yourself feel better? Or splurged on something only to feel instant guilt afterward? We may not always realize it, but our spending habits are incredibly connected to our emotions; recognizing this can unlock some strategies for seeing the financial progress we desire! We're thrilled to share our conversation with Leslie about identifying our own emotional spending habits, how to curb them, and ways to engage in healthy spending patterns.Sponsors: B3 is Jen’s new course designed to help you stick to a budget in just one week. If you find yourself busting your budget every month then you’re definitely going to want to check it out. There are no money saving tips in here, just 5 strategies to think differently about budgeting so you can finally stick to it and do it long term. If you’ve tried budgeting and it just hasn’t worked for you then check out budgetbusterbootcamp.com to learn more and use the code FRIENDS to get 10% off!Budget Buster Bootcamp! whether you’re spending has gotten a little out of control OR maybe you’re being too loud at the store about how outrageous the prices are and your friend keeps shushing you - you gotta ‘reign it in’. Grab that situation by the reigns, and just pull it back a little.Reigning it in:Notable Notes:Leslie H. Tayne, Esq. is a New York debt settlement attorney with nearly 20 years’ experience in the practice area of consumer and business financial debt-related services. She is highly accomplished in negotiation and settlements, and has gone up against large national banks, credit unions, collection agencies and multiple creditor legal representatives. We're excited to share some of our top questions and learnings from our time with Leslie!What is emotional spending?Spending on items for emotionally charged reasons rather than out of necessity or intentionalityHow do you identify emotions that trigger spending?Track your spending! Pay attention to what is prompting spending and how you feel before, during, and afterWhat are some alternatives to emotional spending?Identify healthy coping strategies for some of the common emotions that could lead to unnecessary spendingHow can you recover if you have made an emotional purchase?Being kind to selfWrite down what happenedDecide how you want to move forward - perspective of learning from this experienceThank you Leslie for sharing your bill about your recurring purchases and how you negotiated EVERY.SINGLE.ONE.BILL OF THE WEEK - If you want to submit your bill of the week visit frugalfriendspodcast.com/bill to leave us a billWe also want to thank Philo for sponsoring our Bill of the Week! Philo is live and on-demand TV for just $20 a month. It’s a great way to get 60+ popular channels and can save you hundreds a month on TV—it’s the most affordable way to watch at a time when everyone could use  some entertainment in their life! Watch from your phone, laptop, tablet, or TV with Roku, Fire TV, Apple TV, or Android TV; Philo is TV for everyone! Sign up today at philo.tv/frugal and you’ll get 25% off your first two months.Lightning Round: Find out the different types of emotional spending from this Bustle article.What type of emotional spender are you!?The Instant gratification spender(This is Jen and Leslie! target, aldi, etc.)Shop to escape Competitive spenderTrying to create a “new” youBuy & ReturnSee omnystudio.com/listener for privacy information.