Why Do We Do it – habitual reaction to things we feel we can’t deal with

When Do We Do it – The need to emotionally spend may vary depending on the person. For example, differences in the duration of the emotion, how easily it is triggered, how strong the urge is or the level of intensity have a big impact on how bonded or closely tied we are to the "emotional spending". Because The most important power your credit card has is the power to buy, your emotional spending might be connected to other emotinal / slightly compulsive behaviors like "emotinal eating, chain smoking, etc. How do you think these behaviors are funded. If you don't have any cash, you have to buy the quick snacks or a pack of marlboro's with something?

Credit Cards make it a lot easier to spend emotionally because Credit card debt is partially a result of buying small items such as snacks, meals that are $5.00 or less, or gas that is $5.00 or less. The problem arises when you forget all the little things you’ve bought with your credit card. Sometimes called “forgetful spending”, credit card companies encourage this type of spending because they know your are more likely to under estimate the balance every month. We suggest that you pay for small items with cash or keep a very accurate account of each item you but with your credit card.

. Read more emotional spending