In this thoughtful episode of MoneyWi$e Wednesdays, hosts Andre Harris and Kellie Merck of Envision Credit Union take a deep dive into how our emotional and mental health influences the way we spend, save, and manage money. From impulsive purchases to guilt-driven spending and money spirals, this candid conversation offers relatable stories, practical tips, and empowering insights to help you take control of your finances—starting with your mindset.
Reminder: While Andre and Kellie are not licensed mental health professionals, this episode is a safe, supportive space to explore the psychology of money and take the first step toward healthier financial habits.
Episode Highlights:
- What is “retail therapy”—and how does it sneak into everyday spending?
- How anxiety, depression, and boredom can drive unhealthy money behaviors
- Personal stories of emotionally charged purchases and financial regrets
- How guilt, impulse shopping, and over-justifying affect long-term budgets
- Why “stuff” can’t fix stress—and what to do instead
Key Takeaways:
- Acknowledge the Pattern: Emotional spending is common—but manageable with awareness.
- Pause Before You Purchase: Use tools like the 24-hour rule and journaling to build intentionality.
- Avoid the Guilt Loop: Buying to feel better often leads to regret—and more spending.
- Set Goals That Motivate: When you budget with joy in mind, it’s easier to make sacrifices.
- Clutter = Cost: From closets to leftovers, overbuying can lead to waste in more ways than one.
Expert Tips:
- Turn hangers around to track which clothes you actually wear
- Date your leftovers to reduce food waste and spending
- Unsubscribe from marketing emails to reduce temptation
- Remove saved credit cards from browsers to slow down impulse buys
- Put a picture of a financial goal (like a new house) on your credit card to stay focused
Resources Mentioned:
- Envision Credit Union’s MoneyWi$e Program: envisioncu.com/moneywise
- Contact a Financial Coach: [email protected]
- Check Your Credit: AnnualCreditReport.com
Next Episode:
Big Changes Ahead! . Our next session will be a special announcement. As Envision Credit Union merges with Addition Financial, we’ll be transitioning the MoneyWi$e Wednesdays podcast to a new channel. Same mission, same familiar faces—just a new name and even more resources. Stay tuned for info on where to follow future episodes and how to continue your financial wellness journey with Addition Credit Union.
Have questions or need financial guidance? Email us at [email protected]