Money Management

How to Improve Your Spending Habits

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Shopping Sprees and Spending Habits

“Spending lots of money

No matter how recklessly,

Relieves my tension, not to mention,

Sets my spirit free.”

- Janis Leslie Evans, “Shopping Spree”

When Spending is Out of Control

The poem stanza above was taken from “Shopping Spree,” a piece I wrote many years ago as I examined my own love for shopping and the rush I received when I bought something new. If you can relate to this poem, you may need to pause and assess your spending habits. If your compulsive spending habits have negatively impacted your ability to manage your money, it might be time for a self-assessment by first answering the following questions:

• When was the last time you felt out of control with your money?
• How often does it feel like you’re riding a roller coaster blindfolded when it comes to balancing your spending habits with prompt payment of bills?
• Are you mostly irresponsible when it comes to the management of your funds?
• Do you shop based on your emotions, i.e., make purchases out of…