8 Spending Triggers to Avoid This Holiday Season

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Have you ever gone shopping to make yourself feel better?

How about to celebrate something? Or just because there’s a sale? Maybe as a social outing with your friends?

All of the above are what we call spending triggers, and we’re especially vulnerable to them at the holidays, when we’re all spending more time in retail outlets.

A spending trigger can be anything from a break up with your significant other to a seemingly fantastic sale—any factor that lets you rationalize opening your wallet when a few minutes’ reflection would reveal that you probably shouldn’t.

Watch That Trigger Finger

You’re taking control over split-second overspending, but what about the rest of your finances? You can master those, too, in only ten days with our Take Control Bootcamp.

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Some triggers—like impulse spending—are well-known enough to be household words, but then there’s “emotional spending”, “features shopping”, “buying for your better self” … and a variety of other triggers you’ve probably never heard of, but that could also wreak havoc on your budget this month.

The biggest problem with triggers isn’t that they lead us to one fiscal faux pas, but that they get us into the habit of spending poorly. (And overspending just once can lead to a downward spending spiral.)

Which is why you really don’t want to pull your particular trigger.

Take a look at this interactive infographic that describes the eight most dangerous spending triggers, and see which apply to you. Click the image below for the full infographic.

To bulletproof your finances, sign up for LearnVest’s Take Control Bootcamp. This free program whips your finances into shape in ten days, and takes only five minutes a day. End the year with the right mindset for 2012!

 

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Once you’ve avoided those triggers, check out are the most valuable ways to invest your time.
Maybe you don’t even need to spend to be happy. It’s the Haimish Line.
A little bit of gratitude goes a long way: Making a gratitude list can change your life.
  • http://www.facebook.com/people/Laura-Harris/100000001022637 Laura Harris

    I am trying to curb spending as it is and lately it’s harder. I want to go out for cocktails even thought I am an event planner with an arsenal of party supplies and a full bar. I also find my self  running to the mall every time I get a one day sale add. I threw them all out yesterday and invited friends over for a cookie exchange and potluck next Friday. I’m hoping this helps me to remember that the holidays are fabulous without the large spending bill.