81: How to Stop Emotional Overspending

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | How to Stop Emotional OverspendingHave you ever spent money on something because you thought it would make you feel better? I’m sure you have. It’s called emotional spending, it’s part of human nature, and doing it from time to time isn’t a long-term issue. But how do you know when you’re overspending from a place of emotion, and what can you do to put a stop to it?

Last week, I gave you an introduction to the topic of spending and showed you why your brain loves spending money so much. But this week, I’m teaching you one skill that will change the way you spend forever and stop you from indulging in emotional overspending.

Tune in this week to discover what emotional overspending is and how to see where it’s showing up in your life. I’m sharing why this is something so many physicians and professionals struggle with, and I’m giving you step-by-step tips for seeing your thoughts as they’re happening, so you can stop emotional overspending before it becomes a real problem.

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • What emotional overspending is and how to know when you’re overspending from a place of emotion.
  • Why we overspend from both negative and positive emotions.
  • How to question yourself so you can see the long-term impact of your emotional spending.
  • Why the subject of emotional overspending is particularly tricky to notice for high-earners like physicians.
  • The discomfort that will appear for you as you practice the skill of stopping emotional overspending.
  • How to slow down and stop emotional overspending.

Listen to the Full Episode:

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