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What Is Emotional Spending?

22nd April 2024

Emotional spending is a problem many face, but few talk about. This cycle can leave you stuck with debt and prevent you from growing your savings. So, if you find yourself reaching for your cards as soon as you feel uneasy, it might be time to reflect on your impulse purchases.

The more you know, the better you can protect your finances! Keep reading to learn about the psychology of emotional spending and how to manage the habit.

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WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

How much would you like to borrow:

£200
£750
How long would you like it for?
3 months
6 months

Your monthly repayments are:

1
£
2
£
3
£
4
£
5
£
6
£
Total amount to be repaid:
£  
Annual percentage rate:
  % APR

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £359.71 in monthly instalments of £74.65, £71.73, £64.05, £58.76, £49.75 and £40.77. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.9% APR


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