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Episode 2663:
In this episode, Diania Merriam shares Sara Stanizai's post from ProspectTherapy.com, addressing the pervasive issue of doom spending in 2024. Sara explores the connection between anxiety and impulsive spending, defining doom spending as a harmful coping mechanism. The post provides insights into breaking this cycle by understanding its roots and offering practical, healthy coping strategies to manage anxiety effectively.
Read along with the original article(s) here: https://www.prospecttherapy.com/blog/2023/12/1/ky0iiakglgb3uj9id5szt1vwa7ics1-wgbhf-c68kj
Quotes to ponder:
"Doom spending is a term used to describe the pattern of compulsive or impulsive buying driven by feelings of anxiety, stress, or a sense of impending doom."
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2745: [Part 2] The Five Types of People You’ll Meet on Your Way to FI by FIRECracker of Millennial Revolution
2744: [Part 1] The Five Types of People You’ll Meet on Your Way to FI by FIRECracker of Millennial Revolution
2743: 3 Easy Steps in Paying for College Financing Priorities by Miranda Marquit of Good Financial Cents
2742: 5 Myths That Encourage Excess Spending by Dori Cameron with Becoming Minimalist on Intentional Living
2741: How to Increase Willpower and Stay on Track Financially by Emily Guy Birken with PT Money
2740: Own Less; Travel More by Lauren Keys of Trip Of A Lifestyle on Minimalism & Financial Independence
2739: How I Wasted Over $13,000 Refinancing My Mortgage by Andy Hill of Marriage Kids and Money
2738: How To Not Be Victimized By Empty Nest. Letting Go With Intention by Dr. Margaret Rutherford
2737: How to Avoid Early Retirement Failure by Jillian Johnsrud on Financial Independence & FIRE
2736: 5 Things Every Frugal Person Should Spend Money On by Lisa Harrison of Mad Money Monster
2735: Why You Should Totally Spend on Wants by Chris of Keep Thrifty on Intentional Living & Mindfulness
2734: Weird Ways Our Brains Control Our Money Habits by Kristin Wong of Get Rich Slowly on Building Wealth
2733: 4 Ways To Take The Ego Out of Money Decisions by Mindy Crary with Tiny Buddha on Personal Finance
2732: [Part 2] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet
2731: [Part 1] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet
2730: Chewing Your Food: Is 32 Really the Magic Number by Erica Cirino with Healthline on Eating Healthy
2729: Money is Fungible by Jeremy Jacobson of Go Curry Cracker on Building Wealth & Retirement
2728: Does Your Retirement Need a Plan B? by Kathleen Coxwell of New Retirement on Reverse Mortgage
2727: Every Once In A While, We’re Less Frugal by Liz of Frugalwoods on Frugality & Saving Money
2726: What’s Probably Missing From Your Financial Plan by Erik Carter of Financial Finesse
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