The 5 Types Of Spenders: Which Are You? | The 3-Minute Guide

Be one of the first 500 people to visit and get your first two months of Skillshare for free!

Hi i’m aaron from broke millennial for the financial diet welcome to the three minute guide brought to you by skillshare spending money and accumulating material things can be addictive in fact you actually get a dopamine release in your brain at the mere anticipation of buying something that you want which gives you a natural high wanting that next hit of the

Good feels can result in you justifying why you need to make this purchase when in fact you probably don’t today we’re going to identify five different types of spenders to help you figure out the common why behind your purchases it’s not an instant cure for overspending but it is the beginning stages of doing the work one treat yourself ah the old justification

Of i work hard so i deserve this there’s certainly are times when it makes sense why you would want to indulge in a little treat yourself behavior but it also is really easy to rely on as an excuse for consistent over spending especially lavishly this can of course result in leading you into a debt cycle so if you are using this excuse more than three times a

Year it’s already too many number two fomo a fomo spender is a person who lets other people have considerable control over when and how they spend their money you just want to be included so you’re willing to spend whatever it takes in order to keep up with the people that you either admire or are trying to impress instead of being proactive about your finances

See also  I Got Too Cocky

You primarily operate on the whims of what other people want to do this could manifest in taking trips or trying to just keep up with how people in your life are dressing or socializing or even working out we all make the occasional fomo purchase i myself had one back in august when my best friend turned 30 and i decided to fly down to nashville to surprise her

For her birthday i knew a big primary reason i did that other than loving her was the fact that i didn’t want to have to see all of the pictures of my friends having fun on a pontoon boat without me number three soothing similar to comfort eating this kind of spender is a person who makes a purchase whether big or small when they’re feeling down like i mentioned

In the beginning the anticipation of making a purchase of something that you want can release dopamine in your brain so if you’re not feeling too good about yourself it makes sense while you might go out and indulge in a little bit of shopping it’s important to take note of when you are making these kind of impulse purchases if there’s a consistent pattern of you

Making these kind of impulse purchases when you’ve had a bad day or got in a fight with your boyfriend or been yelled at by your boss and it’s a good indicator that this might be your purchasing type number for straight-up boredom and you’re kind of bored so you might as well peruse some shops online or even more crazy go to an actual store this kind of spending

See also  My Cash Holdings Strategy

Harkens back to the days of being in high school and just wandering around the malls with your friends it was just something to do and if this tends to be your spending type then try coming up with a list of other ways that you can distract yourself when you’re bored that don’t result in you spending money on things you don’t need number 5 deal seeker there’s an

Entire reality show genres dedicated to couponing so it makes sense that this is a very common type of spender and sure some of those folks come close to zero in out their purchases and maybe actually don’t spend a lot of money but just think about the financial consequences of the sheer man-hours that they spend doing the couponing you might be a deal seeker if

You frequently use the excuse but it was on sale to buy something that you didn’t actually need it’s one thing if you know you need to buy some new clothes or kitchen appliances and you decide to hold out for a sale but it’s another thing if your favorite stores send you an email alert that they’re having a sale so you hop online and do some purchasing if you didn’t

Need the item that you purchased in the first place it is still a waste of money no matter how good the deal want to know more about how your personality and emotions can control your relationship to money then be sure to check out my previous videos about uncovering your money personality and the best budgeting style for your personality links to those videos can

See also  10 Baby Expenses that eat away Money! Baby Expenses!

Be found in the description one way to treat yourself but also be improving yourself is to focus on increasing your skills the simplest way to get started is with skillshare which provides an easy and affordable way to expand your skills every week we’re featuring a different skill share class we think you guys will love this week’s class is creating for the viral

Internet right film and make content that people share hosted by comedian and social-media influencer matt bell si this class will teach you how to make videos that people want to share online helping you make better content and get a bigger reach as always though scale share offers a huge range of high-quality classes on must know topics from writing to fitness

To business and it’s all about what you want to learn at an affordable annual subscription of less than $10 a month and cents skillshare is sponsoring this video the first 500 people to use the promo link in the description will get their first two months for you to try it out risk-free click the link in the description to check out this week’s featured class or

Any of the other classes skillshare has to offer have a money question you want to learn more about leave your topic idea in the comment section below i’m erin from broke millennial for the financial diet and don’t forget to be here next thursday for a new 3-minute guide you

Transcribed from video
The 5 Types Of Spenders: Which Are You? | The 3-Minute Guide By The Financial Diet

Scroll to top