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The Number One Expert Who Can Help Cut Your Expenses: Psychologist

 Why do you keep spending more than you should? 

Some people describe their financial situation as lacking organisation. "I ought to take a closer look at my utility bills", they explain. But even though they already know they could save money by switching suppliers and replacing their old light bulbs with LED solutions, they still don't do it. 

Or perhaps, they are aware of unnecessary expenses, but each time they try to cut back on these, they inevitably fail and end up spending more. 


Does it sound familiar? 

If you experience similar issues, it's time to seize the bull by the horns: Your problem has nothing to do with your financial strategy. Indeed, you may be missing out on an essential aspect of your wealth, namely psychology. Indeed, according to experts at Three Seas Psychology Group, some emotional and mental blocks could affect your ability to keep your finances under control. 


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You know what to do, but you get anxious when it comes to finance management

Chrometophobia is the fear of finances, ranging from the fear of spending money to anxiety about managing and thinking about it. People with chrometophobia avoid topics related to money, whether it is spending it, counting it, or planning about it. As a result, they can experience a variety of issues over time driven by their fear of prioritising their finances

Opening up about your thoughts and anxieties can be a life-changer. With a counsellor, you can create a progress plan to learn to overcome your challenges and protect your wealth. 



You are easily influenced

Are you the kind of person who finds themselves regularly purchasing new products promoted by influencers online? According to researchers from Edge Hill University, Ulster University, and the Australian University of New England, your susceptibility to external influence could be linked to your personality type. Indeed, the type D personality describes someone who is reluctant to share emotions with others and fears rejection. As a result, type D tends to be influenced by the opinions of others in an effort to fit in and be accepted. Working with a counsellor can help you take back control by focusing on your self-worth. 



You rely on shopping as an emotional tool

Everybody has a stressful day from time to time. How you relieve stress can say a lot about your shopping habits. Impulsive shoppers, for instance, are more likely to buy items they didn't intend to purchase in the heat of the moment. They experience instant gratification but are prone to return items they don't need. On the other hand, compulsive shoppers rely on their purchase habits as a stress-coping mechanism, unaware of the financial risks. Compulsive buyers feel compelled to purchase to find the "trophy" that could make them happy. They feel high during a shopping spree. However, the feeling of happiness is short-lived, and they soon feel that shopping is indispensable to their mood. This form of shopping addiction can dramatically affect their relationships, finances, and mental health. They will need to work with a specialist therapist to free themselves from the addiction and learn healthier coping strategies. 



People are emotional beings whose mental state can influence their decisions. If you struggle with effective money management and budgeting tips, it may be worth considering other potential triggers for your problems. Psychology can be your best ally in regaining financial health.


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