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Pivot Your Financial Mindset When Scaling Your Small Business

Understanding and approaching finances from different perspectives will help the 12.3 million women-owned businesses beat the odds. ....

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9 Ways to Be More Financially Aware and Successful

See how applying mindfulness to your finances can help you reduce stress and make smarter money decisions. ....

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How Working On Your Mental Health Can Help Fix Your Finances

How Working On Your Mental Health Can Help Fix Your Finances
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How to Stop Impulse Buying

How to Stop Impulse Buying
Hiranmayi Srinivasan
© Provided by Real Simple
Poike
As fun and relaxing as Hollywood makes retail therapy look, the reality is not all that glamorous. A 2018 survey commissioned by discount shopping site Slickdeals found that Americans spend an average of $450 on impulse purchases per month that adds up to $5,400 per year. The pandemic isn t helping either Slickdeals 2020 survey found that impulse spending increased 18 percent last year.
Impulse buying is mostly emotional, and usually the result of some form of emotional distress. This could be issues around self-esteem, anxiety, sadness, or even boredom. Impulse buying gives us a little spike of dopamine, which is rewarding and motivating, says Alexandra Emery, licensed psychologist at Grit City Psychology in Seattle. Dr. Emery recommends checking in with yourself before making a spontaneous purchase to see if you re suppressing any negative emotions. Retail ....

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