Revenge Spending: Is Your Splurge Worth It?

Alright, who has been guilty of a little revenge spending this year? I know I have. That dopamine hit is a real thing when it comes to spending. The truth is, most of us just haven’t felt in control during the pandemic so now you want to spend, spend, spend. However, is that a good thing for our bank accounts, but maybe helps a little with our mental health? As our guest, Dr. Jaime Peters, Assistant Dean and Professor of Accounting, Finance, and Economics at Maryville University says, “if you’ve saved up and you want to buy something great, but the problem is when you start stretching yourself to spend just to feel good again.” In this episode, Jaime shares what revenge spending is, how you can balance spending with achieving your money goals, and what you need to think about if we are headed for a recession this year. Let’s start talkin’ money.  Links Dr. Jaime Peters Maryville University Jaime Peters LinkedIn Episode Sponsors Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Thanks to Open Door Capital for sponsoring the show. Go to https://odcfund.com/ to learn more. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks to Ladder for sponsoring the show. Go to http://www.Ladderlife.com/mymoney to see if you’re instantly approved for Life Insurance to provide for your family if the unthinkable happens. FOLLOW & SHARE Leave us an honest rating and review. Head to the podcast player you’re listening to this episode in to leave us a review. Reviews help us continue to grow and bring on more amazing guests. Thank you in advance!  Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/everyonestalkinmoney/  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices