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Here are some of the responses we get from people who spend oney
on impulse:

• “Spending money fills an emotional void in my life. . .I just feel like I can’t get the things I really desire, so I acquire material things to fill myself up.”
• “I like to give my children what they want because it gives me joy. Sometimes I feel like it’s the only thing I can really do right for them.”
• “Having the money I want to spend, when I want to spend it makes me feel important. I know my Dad never could feel that way and I always felt sorry for him.”
• “I can’t say no to my children. . .they pester me until I give in and
get them what they want. They’re just plain stronger than I am.”

The Haywood* family is a perfect example of how emotions can rigger impulsive spending. They had a habit of going to All-a-Dollar, a argain chain store that sells every bit of stock for $1 or less. urchasing little items such as candy or inexpensive toys for the hildren gave the Haywoods pleasure without making them feeling uilty, especially with the store’s low prices, which made the trips eem so innocent. But once the family started to keep track of how uch they were spending at All-a-Dollar they were shocked to find it as more than $300 per month. Low prices combined with their mpulsive desire to please their children cost the Haywoods some erious cash they would rather have spent elsewhere.

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Money Is Emotional
Most people are trapped in an impulsive mentality that prevents them from keeping much of the money they make for any length of ime. Remember the time/value of money we discussed in the ntroduction? Impulsive spending completely eliminates the possibility f increasing the value of money over time. Did you know that 85 ercent of all Americans who win lotteries spend every penny of their innings on consumable goods rather than investing it in high-yield rograms?2 Based on this statistic, it’s plain that the majority of mericans do not understand the profound power of the time/value of oney and are destroying their future because of it. Are impulsive motions affecting the way you spend money?

aken from : Money Mastery “10 Principles That Will Change
Your Financial Life Forever