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How to identify whether you spend money irrationally.
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[QUOTE="Etini, post: 289516, member: 90141"] It is called erratic spending. It is a situation where a person spends money without careful thought. It could be very damaging when someone just wakes up and impulsively spends money. That person is hurting his/ her financial life and growth. I met a person that used to spend money just because he feels the butterflies tingle in his stomach. He only stooped when he realized that his finances were going down every day. We have the 24-hour rule that advocated that you should postpone the purchase of anything till after 24 hours since the idea to purchase that thing occurred to you. I have tried it and found out that some of the things we spend on are not worth it at all. We are just carried away by the heat of the moment. Anyone can try this 24-hour rule. It has helped a lot of people to control their financial life. [/QUOTE]
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How to identify whether you spend money irrationally.
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