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Why are we so prone to impulse buying?
Also see how impulse buying is affecting Gen Z.
The mere idea of being anything other than rational with money is scary.
We live in a consumption-driven society.
The things we buy carry meaning beyond their purpose.
Youve probably heard of retail therapy the act of purchasing something to feel better.
When youre having a rough day, does a littleretail therapysound like the cure?
Maybe its not a huge purchase.
Making decisions based on pure emotion is a surefire way to let impulse buying take control, she wrote.
Unfortunately, retailers know and exploit our weaknesses here.
And the stigma around talking about finances persists, even in intimate relationships.
According to a 2021 study by Fidelity Investments, one in 10 couples didnt know their partners salary.
Additionally, we may have hadpoor financial role models.
We cant just snap out of what we were raised to believe or understand.
The way money was handled in the household you grew up in shapes your money mindset, Cruze wrote.
But dont just blame your past.
We cant change how we were raised, but we can change how we think about money going forward.
It starts with reflection.
Do some digging on how it affects your spending today and make changes, Cruze wrote.
I totally get this one because I love a good sale, Cruze wrote.
But, you guys, this is atotal marketing tactic.
How do we do that?
Cruze provided 10 useful tips everyone should and can adhere to.
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