Overcome overspending with spending coach’s ‘mind-blowing’ trick!
- Replies 11
Many often become more conscious of their spending habits and the importance of financial security.
It's not just about saving for a rainy day anymore; it's about making sure our money lasts and serves us for the long term.
That's why the tip from a professional spending coach on how to curb impulse shopping and overspending is not just timely but could also be a game-changer.
Paige Pritchard, a finance expert and the founder of the online community Overcoming Overspending, has shared a 'mind-blowing' trick that could revolutionise how we think about our purchases.
Pritchard, who once struggled with her spending habits, has since turned her financial life around, paying off $98,000 USD ($150,000 AUD) in student loans and amassing a six-figure investment portfolio by the age of 29.
Now, she's dedicated to sharing her insights and helping others reach their ‘full financial potential’.
In her video online, part of her 'Daily Deinfluencing Series,' Pritchard revealed a profound truth about our shopping habits.
‘So when you buy a product, you're not actually buying the product,' Pritchard began.
'I mean, you are, but you're not really buying the product for the product.'
This statement might seem puzzling initially, but Pritchard explained that ‘beneath the desire’ for the new product purchased is a desire for something else.
'You're either buying yourself an identity or a feeling,' Pritchard shared.
'Because when it boils down to it, that's all you really want.'
'You want to identify as a certain type of person, or you want to feel a certain type of way.’
For example, she said when you buy a fancy-looking planner, you're not just buying the planner itself; you're buying into the ‘identity’ of someone who is organised and the emotion of feeling put-together.
‘When you buy the anti-aging cream to smooth out your wrinkles, you're not actually buying the anti-aging cream, what you're buying is confidence,’ she added.
Pritchard also said this is how marketing works.
‘Advertising is actually trying to sell you either the promise of an identity or the future promise of an emotion,’ she said.
By understanding that we often seek to purchase emotions or identities rather than the products themselves, we can start to question our motives before we reach for our wallets.
‘Realising this and understanding this doesn't mean that you're never going to buy anything ever again, but when I made this realisation, I found that it actually did help me save a ton of money,’ she said.
‘I consume a lot less when I'm actually getting to the root of what I'm really trying to buy when I'm interested in a product because it challenges me to think of ways that I can do that and give that to myself versus relying on a product to do that for me.’
The response to Pritchard's advice has been overwhelmingly positive, with many people acknowledging the truth in her words.
‘I shop with my feelings for sure, great insight, I will be thinking of this all day now,’ one commented.
‘The concept of buying for the fantasy self changed everything for me in terms of buying habits,’ another added.
‘I need this video to pop up every time I open Amazon. Any tech savvies out there who can tell me how to make that happen?’ a third said.
You can watch Pritchard’s video below:
Credit: @overcoming_overspending / TikTok
If you want more money-saving tips and tricks, here’s another one that might help you!
In a previous story, some easy-to-use tricks were provided to help you achieve the goal of lowering your spending habits. You can learn more about these tricks here.
How do you overcome impulse buying or overspending? Share your experiences and tips in the comments below!
It's not just about saving for a rainy day anymore; it's about making sure our money lasts and serves us for the long term.
That's why the tip from a professional spending coach on how to curb impulse shopping and overspending is not just timely but could also be a game-changer.
Paige Pritchard, a finance expert and the founder of the online community Overcoming Overspending, has shared a 'mind-blowing' trick that could revolutionise how we think about our purchases.
Pritchard, who once struggled with her spending habits, has since turned her financial life around, paying off $98,000 USD ($150,000 AUD) in student loans and amassing a six-figure investment portfolio by the age of 29.
Now, she's dedicated to sharing her insights and helping others reach their ‘full financial potential’.
Paige Pritchard shared her ‘mind-blowing’ trick to prevent overspending and impulse buying. Credit: @overcoming_overspending / TikTok
In her video online, part of her 'Daily Deinfluencing Series,' Pritchard revealed a profound truth about our shopping habits.
‘So when you buy a product, you're not actually buying the product,' Pritchard began.
'I mean, you are, but you're not really buying the product for the product.'
This statement might seem puzzling initially, but Pritchard explained that ‘beneath the desire’ for the new product purchased is a desire for something else.
'You're either buying yourself an identity or a feeling,' Pritchard shared.
'Because when it boils down to it, that's all you really want.'
'You want to identify as a certain type of person, or you want to feel a certain type of way.’
For example, she said when you buy a fancy-looking planner, you're not just buying the planner itself; you're buying into the ‘identity’ of someone who is organised and the emotion of feeling put-together.
‘When you buy the anti-aging cream to smooth out your wrinkles, you're not actually buying the anti-aging cream, what you're buying is confidence,’ she added.
Pritchard also said this is how marketing works.
‘Advertising is actually trying to sell you either the promise of an identity or the future promise of an emotion,’ she said.
By understanding that we often seek to purchase emotions or identities rather than the products themselves, we can start to question our motives before we reach for our wallets.
‘I consume a lot less when I'm actually getting to the root of what I'm really trying to buy when I'm interested in a product because it challenges me to think of ways that I can do that and give that to myself versus relying on a product to do that for me.’
The response to Pritchard's advice has been overwhelmingly positive, with many people acknowledging the truth in her words.
‘I shop with my feelings for sure, great insight, I will be thinking of this all day now,’ one commented.
‘The concept of buying for the fantasy self changed everything for me in terms of buying habits,’ another added.
‘I need this video to pop up every time I open Amazon. Any tech savvies out there who can tell me how to make that happen?’ a third said.
You can watch Pritchard’s video below:
Credit: @overcoming_overspending / TikTok
If you want more money-saving tips and tricks, here’s another one that might help you!
In a previous story, some easy-to-use tricks were provided to help you achieve the goal of lowering your spending habits. You can learn more about these tricks here.
.png){kind=icon}
