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Mindful Spending This Black Friday
Manage episode 452062062 series 3615841
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In this episode of Reclaiming Wellness, I’m diving into the topic of mindful consumption during the holiday season—especially around Black Friday and Cyber Monday. I’ll be talking about the financial impact of holiday spending, the stress that comes with societal pressure to buy, and why it’s so important to really think about whether we need what we’re about to purchase. I’ll also be challenging some of the traditional holiday practices that can lead to overspending and lifestyle creep, and sharing tips on how to prioritise your financial wellbeing and avoid the temptation to over consume. If you’re feeling the pressure this season, this episode’s for you!
Key Takeaways:
- Mindful consumption is crucial during the holiday season.
- Evaluate if you can truly afford your purchases.
- Avoid putting gifts on credit cards.
- Financial wellbeing is tied to emotional wellbeing.
- Christmas creep can lead to increased holiday spending.
- Black Friday deals may not always be genuine discounts.
- Social media creates unrealistic expectations for holiday spending.
Best Bits:
"Do I really need to buy X?"
"You don't need Christmas pajamas."
"Is it just something that seems cheap?"
Chapters:
00:00 Mindful Consumption During the Holidays
07:23 Understanding Black Friday and Consumer Behavior
10:52 Mindful Spending: The Key to Financial Wellbeing
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