2. You let your emotions rule your spending
Our feelings can add richness and depth to our experiences. For example, feelings of joy and excitement that accompany a positive life event can make that moment sweeter. However, emotions can also have a negative impact on us, making life more difficult. This is especially true when it comes to our finances. Emotional spending can get you into a world of trouble and land you in debt that’s hard to dig yourself out of. In a survey commissioned by NerdWallet and conducted by Harris Poll, 49% of respondents said their emotions caused them to spend more money than they could afford.