Tagged With "consumer"
Blog Post
4-H Family and Consumer Science Agent Position OPEN
The San Juan County Extension Office in Aztec New Mexico is hiring a 4-H Family & Consumer Agent. We have an incredible strong 4-H program with nearly 400 4-H members, 20 clubs and over 100 community volunteers. The 4-H Family and Consumer Science Agent works closely with our 4-H Agriculture/Livestock Agent, Adult Agriculture Agent, and Adult Family and Consumer Science Agent. The SJC Office has strong support of our local government and community, a dedicated group of 4-H members and...
Blog Post
Understanding Buy Now, Pay Later Services
Keeping up with the latest financial products and services offered to consumers can be a challenge. This month, we look at Buy Now, Pay Later (BNPL) products, a type of small dollar installment loan that is typically interest-free for consumers. This unsecured loan is often offered to consumers at the point of sale online or in-store, allowing them to pay in four or less equal installments, with typically 25 percent of the total due at the time of sale. When payments are made on time, a BNPL...
Blog Post
Emotional Spending 101
Unlike impulsive buying, emotional spending is frequently heightened by stress, grief, or moments of happiness or sadness. Regardless of these triggers, they can impact your finances negatively. For example, you shop to make yourself feel better after a bad day at work. As a result, compulsive shopping and spending stems from an impulse disorder habit that can be addictive for many. The relationship between money and happiness is now seen as complete. Aknin, Wiwad, and Hannibal (2018)...
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Re: Emotional Spending 101
Do you have any suggestions for tools like graphic organizers or worksheets that help people to think about and define their values?
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Re: Emotional Spending 101
Chris, I created and used a worksheet that I found effective with a college class a few weeks ago. It requires the participants to list all their values. Then, identify short-term, mid-term, and long-term goals related to their top (3) values from their list and explain how finance aligns with their specific goal. We then have an open discussion about barriers that can keep us from reaching our goals, and because life sometimes throws us a curve ball, we also address how to overcome the...
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Re: Emotional Spending 101
I find that people often state their values, but then recognize a great misalignment between their habits/ actions/ behaviors and the values they thought they prioritized. The Value Clarification worksheet you shared gives a great start to recognition of potential disconnect, and can help formulate discussions or internal reflections leading to a meaningful reassessment (of behaviors and/or values) to influence goal setting and progress. Thanks for sharing!
Blog Post
Unearthing Financial Trauma
Transitioning into 2024 marked a new year. Many of us saw the new year as an opportunity to start fresh, but financial hardships and losses can have a lasting impact on our mental health. This type of impact leads to unforeseen trauma. Often, we make resolutions to hit the ground running in the new year, but old habits die hard, mainly when these habits are deeply rooted in our psyche. Let us be realistic: We all plan to go to the gym on January first; we even go shopping over the holiday...