Discover the emotions that affect your personal finances

Discover the emotions that affect your personal finances

Did you know that the different feelings you may have during a month can affect your personal finances? Keep reading and learn how to control them. Read on!

Did you know that the different feelings you may have during a month can affect your personal finances? Keep reading and learn how to control them. Read on!

It's easy to say that making financial decisions and developing money habits is rational and logical rather than emotional. However, the reality is that both processes are closely linked to our feelings. If not! Just remember the stress and anxiety that some debt generates or the ant expenses that leave you without money when there is still a long way to go for the fortnight.

Happiness

The downside is that happiness makes us lose sight of how and what we are spending on

Get a new job, lose a few extra pounds, these types of sensations make us feel on the horns of the moon and that, in turn, makes us believe that we can do everything. Such overconfidence leads us to take risks that we would not take otherwise. And yes… it leads us to spend more money.

The downside is that happiness makes us lose sight of how and what we are spending on, causing that once the emotion has passed, you feel remorse or regret.

Anger

This is one of the most powerful and potentially destructive feelings, especially when you give it permission to intervene in your decisions. When anger is at its highest, you are more likely to act rash. The danger is also that anger blinds you so much that you justify your financial choices.

Pity

Low self-esteem is the trigger for compulsive purchases to achieve that feeling of belonging.

When a person does not feel valued and feels sorry for himself, he can start shopping as a way to make up for his "shortcomings." Low self-esteem is the trigger for compulsive purchases to achieve that feeling of belonging.

Anxiety

This is perhaps one of the most ingrained emotions in the world population since the beginning of the pandemic. Fear and uncertainty make us uncomfortable and worried about the future. Abusing credit or making investments with greater risk than we can bear are some of the consequences.

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