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Which example could be considered a harmful spending motivation? asking others about potential hidden costs putting family needs first before buying a product buying something expensive in order to feel better comparing features of many different products

Ask by Schneider Mitchell. in the United States
Feb 04,2025

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Buying something expensive to feel better is a harmful spending motivation.

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Buying something expensive in order to feel better is often a harmful spending motivation. This behavior, sometimes referred to as "retail therapy," can lead to compulsive buying habits that don't truly address underlying emotional issues. Instead of solving problems or boosting self-esteem, it often results in regret, financial strain, or accumulating debt. On the other hand, putting family needs first before buying a product showcases a healthier perspective on spending. It emphasizes responsible financial management and prioritizing the well-being of loved ones. When decisions are made with family in mind, it fosters not only financial stability but also stronger family bonds and shared values around money.

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