Download our presentation template for MS PowerPoint and Google Slides to depict the factors leading to Emotional Spending, its pros and cons, and methods to reduce and overcome it.
Grab our Emotional Spending presentation template for MS PowerPoint and Google Slides to describe the act of making purchases driven by emotions rather than a practical necessity. You can further explain how this practice usually involves using shopping as a way to cope with feelings of varied emotions, such as stress, sadness, happiness, or boredom.
Financial advisors can educate the audience about the methods to identify the triggers for emotional spending and tips and techniques for practicing mindful spending. You can also depict the steps of the impulsive spending cycle and methods to overcome this action and achieve financial stability. You can further explain the pros and cons of emotional purchasing and how it leads to financial strain and the accumulation of unnecessary items.