Overcome spending triggers
A consequence of Friends shows that half of the group can afford expensive things while the other half cannot. Have you ever been there? Here are the 5 best ways to avoid these spending triggers.
The fight against spending triggers like a budget superhero:
Throw out the output trigger
In addition Queer money® we show you 5 effective methods for combating spending triggers. We discuss the value of using cash instead of cards, discuss how access leads to overspending, and offer advice on going out with an entry and exit strategy.
We’ll then explain why it’s helpful to share your financial goals with your friends to gain their support – and maybe even inspire them to work on their own hopes and dreams! Listen in to learn how to resist the temptation to spend money to keep up with friends or the crowd.
Topics covered about output triggers
1. Have and use only cash
- Spend 12-18% more with cards
- Willpower diminishes with access
2. Have a plan for every plan
- Never be the first to arrive or the last to leave
- Have a friend call or text, make other plans
3. Focus on your long-term, big rock goals
- Share larger goals (e.g. save for adoption)
- Ask for support and inspire friends
4. Don’t pretend until it’s time to assert yourself
Buy your own drinks to celebrate
Don’t be afraid to say no
5. Have a buddy
Support each other in achieving your goals
Help coach you and identify patterns
Resources to Combat Spending Triggers: