This is a presentation on how to best neutralize overspending habits. The central issue of why so many people are in financial trouble is due to overspending. This presentation will provide you great overspending solutions.

1. HOW TO NEUTRALIZE
OVERSPENDINGHABITS

2. Andre Waldron, MBA.
Email: andre.waldron@gmail.com
Instagram: @the_wealth_warrior

3. ASSIGN EVERY DOLLAR THROUGH THE
ENVELOPE SYSTEM

5. The Envelope System (Process)
Create a budget for
each monthly expense
(groceries,
entertainment,etc
Be sure to include
expense budget
categories that you are
most likely to overspend.
Create envelopes for
the appropriate
categories and stuff
them with cash
SPEND
CASH
ONLY!!

6. AVOID MENTAL FATIGUE!

7. HOW MENTAL FATIGUE LEADS TO IMPULSE BUYING
Mental Fatigue
• Burnout
• Stress
• Anxiety
• Inability to
Concentrate
• Increased chance
for simple
mistakes.
Decision Fatigue
• A diminishing
quality of
decisions made
after a long
session of decision
making
Impulse Buying
• Leads to poor &
irrational
consumer
purchasing
decisions.

8. The Envelope System (Advantages)
Spending cash only will establish self- discipline
Less wasteful
spending
Very hard to
miss payments

9. CHANGE YOUR MINDSET!

10. CHANGE YOUR MINDSET!
• Eliminate the Scarcity Mindset
• Scarcity Mindset
• Prolonged Focus On What You Don’t Have
• Prolonged Focus On Other People’s Opinions of Yourself.
• Eliminate Negative Influences
• Limit Your Consumption of Media and Advertising

11. THE END!