HOTWBanner.jpg

6 Common Spending Triggers to Watch Out For

Emotional triggers cause you to spend money. Maggie McGrath at 6 common spending triggersForbes made a list of the most common ones. 

  • Alcohol or hunger can lower inhibitions and cause people to buy and regret it later.
  • Emotional turmoil causes people to spend in an effort to gain control and feel happy. But the short-term gratification won’t last long.
  • Loneliness leads to purchases that temporarily medicate. But a Journal of Consumer Research paper says there’s a “loneliness loop” in which materialism and loneliness create a self-reinforcing cycle.
  • There’s the reward yourself mentality and keeping up with the Joneses trap.
  • Convenience or quick fixes add up in food, maid service, laundry or yard work.
  • A raise or tax refund justifies splurges on cars, vacations, or even homes.

If you know your trigger, you need to put on the full armor of God to withstand temptations.

Avoid going where you know you spend money. Stay away from the mall, boutiques, or online shopping. Delete or unsubscribe from sites where you will waste time and/or spend money. Pick up a book or find a productive way to spend free time rather than hopping on the computer or smartphone.

Check your emotions. When did you last thank God for who He is and what He has done for you? Are you seeking satisfaction from people or things rather than the only One who can truly satisfy?

Set your mind on things above not on things that are on the earth. You will find that your heart becomes satisfied with the riches of Christ that are of much greater value than the things of this world.

If you are feeling overwhelmed by credit card debt, get in touch with our partners at Christian Credit Counselors. They’ll get you started with a free debt analysis.

 

Chuck Bentley is the CEO of Crown, the largest Christian financial ministry in the world, founded by the late Larry Burkett. He is an author, host of My MoneyLife - a daily radio feature, and a frequent speaker on the topic of Biblical financial principles. Follow him on Twitter and visit Crown.org for more help.

1 comments

Leave a comment