Ways to Manage Our Emotions When Making Financial Decisions

Our weekly #CreditChat started in 2012 to help our community learn about credit and important personal finance topics (e.g. saving money, paying down debt, improving credit scores). Each chat is hosted by @Experian on Twitter and all are welcome to participate. DM us any questions.

This week, we will be talking about ways to manage our emotions when it comes to money issues (e.g. retail therapy, emotional investing strategies).

Topic: Ways to Manage Your Emotions When Making Financial Decisions

When: Wednesday, April 14, 2021 at 3 p.m. ET.

Where: Twitter chatroom or join the live hashtag discussion.

If you have questions, please DM us on Twitter.

The panel will include AFCPELeslie H. Tayne, Esq: Founder and Managing Director of Tayne Law Group, P.C. (f/k/a The Law Offices of Leslie H. Tayne, P.C.); Lawrence D. Sprung: CFP® President of Mitlin Financial, Inc.; Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian; Christina Roman: Consumer Education and Advocacy Manager at Experian.

Giftcard Giveaway

Enter here for a chance to win a $50 Amazon gift card!  Make sure to tweet out this page with the #CreditChat hashtag. We will be announcing a winner at the end of the chat. Entry Period: Raffle open now and closes at the end of this chat at 4 p.m. ET. Complete rules here.

Questions We’ll Discuss:

  1. What are some examples of how your emotions can impact your financial decisions? 
  2. How can you identify if your financial choices are emotionally driven?  
  3. What are some triggers that can lead to emotional spending? 
  4. What are some positive mindsets and behaviors we can set in place to help us improve our financial health? 
  5. How can a budget help you avoid emotional spending? 
  6. How can emotional spending affect your credit? 
  7. What are some ways you can reward yourself for achieving your goals without spending a lot of money? 
  8. What are some safeguards you can set in place to avoid emotional spending? 
  9. Where can you find support if you struggle to manage your emotions when making financial decisions?  
  10. Any final tips for how to manage your emotions when it comes to personal finances? 

Check out our complete list of upcoming personal finance Twitter chats here.