Tips for Stressless Holiday Spending
Stress and SpendingThe first step is understanding how stress impacts spending. There are three ways the stress can influence your spending.
2. Emotional spending. Stress makes us feel like we are in survival mode causing us to use resources to regain a sense of control. Many of us cope with this feeling, a loss of control, by spending, spending, spending.
3. Altered perception of wants vs. needs. Stressful situations tend to skew our perception of what our necessities are. For instance, people who are stressed about a new job may overspend on work clothes.
So, how can you cope with stress? In short, take measures to prevent it before it starts.
How to prevent stress
While we can't control every stressful situation that life throws at us, here are some time tested ways to prevent stress from taking over your mind and body.
2. Get moving Exercise and physical activity is a great way to prevent stress before it begins. When you exercise it produces a group of natural painkilling chemicals called endorphins.
Endorphins help lift your mood and make you feel at ease. Additionally, endorphins help you sleep, which is something that is often disturbed during stressful times.
How to deal with stress once you’ve got it
If you are feeling the itch to impulse-spend, consider these strategies:
2. Find another outlet If shopping is an outlet for stress in your life consider trying something different this holiday season. As mentioned, meditation and exercise are great options, but they may not be for everyone. Consider healthy alternatives that work for you, whether it's journaling, reading, gardening or taking a stroll to your neighborhood Financial Health Center for additional support.
Overcoming the stresses that often lead down the path of holiday overspending is not easy. The journey of financial health comes from small beginnings – often a single, tiny decision. The great news is even small choices can help to alleviate our financial stress enough to sprout the seed of financial health.
Not sure where to go from here? Let’s talk it out together. Come into a Financial Health Center to talk with a Member Relationship Specialist on ways we can help you stress less with the gift of financial slack this holiday season.