Are you an Emotional Spender?

Have you ever noticed how easy it is to give someone else advice for a situation that they are going thru?

Evey wonder why it's so much easier to do this for someone else than for yourself?

One word, "EMOTIONAL"!

The worst time you can ever make a financial decision is when your emotional. And that doesn't just mean when your angry or sad.

Some of the worst financial decisions I've ever made was when I was extremely happy and excited! Have you ever gotten a large sum of money and then the next thing you know your money is gone and you don't even know where it went? Emotional Spending!

Well you had a case of "Emotional Spending". So the next time you catch yourself getting ready to do this, you can do 2 things to protect yourself from making a bad decision:

1. Seek some advice from a friend or coach like myself.
2. Step back, pause, and look at your situation like you were someone else and then ask your self what advice would I give someone else who was in this situation?
3. Wait 7 days to make the purchase. This will give you time to re inventory and see if you still really want to make that purchase.

Remember don't be an Emotional Spender!

Carlos Frank
Personal Financial Coach
Website: www.nextmoneystep.com