Episode 197: Understanding and Overcoming the Emotional Triggers of Overspending with Paige Pritchard

Women's Money Wisdom

In this episode, hosted by Melissa Fradenburg, we explore Paige Pritchard's remarkable transformation from an impulsive shopper to a financially savvy individual. By age 29, Paige had achieved notable financial milestones: she paid off $40,000 in student loan debt, cash-flowed her MBA, became a homeowner, and built a substantial six-figure investment portfolio. As a certified life coach, she has empowered thousands of women to improve their spending habits through various platforms, including her social channels, The Money Love Podcast, and her group coaching membership, Overcoming Overspending.

Paige divulges her three-phase approach to money management, underscoring the pivotal role of mindset and emotions in financial decision-making. She provides an in-depth look at the emotional triggers that often lead to overspending, alongside proposing healthier coping strategies. A significant focus is placed on the impact of social media on spending habits. Paige offers valuable insights on how social media can instigate detrimental spending mindsets and provides strategies to counteract these influences.

The episode also delves into the concept of "spending self-concept," where Paige discusses how our mental and emotional states can drastically affect our spending choices. This discussion goes beyond mere financial advice; it's a journey of self-discovery, enriched with personal stories and practical tips designed to transform your relationship with money. Join us in this empowering episode as we learn to overcome the lure of overspending and embark on a path to financial health and freedom.

Resources:

• Connect with Paige on Instagram: @overcoming_overspending or TikTok:@overcoming_overspending
• Follow Paige on her YouTube Channel
• Listen to The Money Love Podcast
• Join her Free Masterclass: Why You Impulse Shop & How To Stop
• Work with Paige: Overcoming Overspending Membership
• Learn more about Pearl Planning.
• Register for our2024 Winter Economic Update and Investment Outlook.

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Κεφάλαια

1. Episode 197: Understanding and Overcoming the Emotional Triggers of Overspending with Paige Pritchard (00:00:00)

2. Spending Coach Helps Women Stop Overspending (00:00:04)

3. Overcoming Overspending (00:08:19)

4. Overcoming Spending Habits and Mindset (00:21:14)

5. Empowering Women's Financial Agency (00:29:43)

6. Emotions and Shopping Habits (00:36:54)

7. Understanding the Emotional Aspect of Shopping (00:40:23)

8. Personal Finance (00:50:53)

9. Overcome Overspending, Utilize Valuable Resources (01:04:52)