Here are a few reasons why we may over-spend

Special occasions

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Special occasions, such as festivals or reunions, often lead to individuals overspending due to unspoken pressure to spend like others.

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Comfort purchases

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Retail therapy focuses on individuals who find joy in self-purchase, leading to increased spending for personal satisfaction.

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Keeping up

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People may overspend to maintain a certain standard, as they do with others.

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Anxiety and avoidance

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Debt can lead to overwhelming feelings, causing individuals to lose their saving plans and spend more money than they should, resulting in a harmful cycle.

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Oniomania

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Shopping addiction, also known as excessive spending, can lead to unnecessary purchases.

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FOR MORE SUCH STORY VISIT BREEZY SCROLL

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