The holidays are behind us, but sometimes holiday spending continues into the New Year. As this last year may have been a little different than most, we all learned the value of having a steady income and an emergency fund. For some, this may have sparked the desire to pay off credit card debt or student loans, or to save more in a high-yield savings account.

But once the holidays hit, it's often difficult to rein ourselves in, even if it means stretching our budgets a little too thin.

Whether you overspent during the holidays or not, one of your goals may be to improve your spending habits this year. In order to do that, it's important to understand why you spend what you do and when.

This sparks the question, are you an emotional spender? Follow the flowchart below to find out...

You'll also find a few tips and tricks to help you kick emotional spending to the curb in 2021.
 

(Infographic courtesy of Mint.com and shared with permission.)

(Photo by Jacek Dylag on Unsplash)