Diana
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Diana in $ Financial Freedom Chasers,

HOW TO HELP YOUR LOVED ONE WITH THEIR SPENDING

Ok so let's talk about uncontrollable spending once more. I consider myself a compulsive spender in remission; I'm well aware that the process of overcoming is progressive. I never really pondered about the effect of spending impulsively on those that surround us until someone mentioned it not long ago.

I would therefore like to humbly offer a few tips on how to help your loved one to spend less money in order to keep their finances (or both your finances if it's your mate) afloat.

1) BE PATIENT: I know that it's easier said than done and that it can be very frustrating to see a loved one spend unnecessarily to the point of even jeopardize the financial stability of a household. Try to understand why they're exhibiting the behavior. Many people who act this way, present deeper issues that cause them to buy. Some have a hard time dealing with emotions such as anger,depression or loneliness and go on shopping sprees in order to bury these feelings. Try to talk to them more, asking questions and engaging them into conversations. These days technology can cause a lot of people to forget how to sit over a cup of coffee with their loved ones. Many people walk around feeling depressed, lonely, angry or lonely and find it easy to go shop in order to avoid dealing with such feelings.

2) BE PART OF THE SOLUTION, not OF THE PROBLEM: Gently address the problem without accusing, judging or belittling your loved one. If you make them feel horrible about spending, it will only worsen the problem, especially if it's rooted in the inability to cope with emotions. Cautiously confront them about it with a lot of tact and with genuine concern. Offer advice on how they can make small daily changes in order to little by little gain control over their spending.

You can succeed in helping your loved one overcome their urge to spend by getting involved in their lives, spending more time talking to them and showing them that they can be in control of their spending by simply offering them tips to save money overtime.