Women can be notorious for making financial decisions based on emotions. It can be as simple as splurging on a new dress or purse that may not be a fiscally sound decision but “you just had to have it!” Or more serious events like leaving substantial money on the table when experiencing a divorce or financial separation. These decisions are often motivated by guilt or to avoid further conflict, and often create a serious and long-term impact on a woman’s financial future.
While not all emotional decisions have a negative impact recognizing your tendency to make financial decisions based on emotions, it can help you navigate more serious issues with greater care.
What was the last emotional decision you made with money? What impact did it have on your financial situation?