Part 5/8:
Chelsea pointed out the psychological pressures that lead individuals from lower socioeconomic backgrounds to overanalyze their spending, especially on bigger purchases. This compulsion to justify their expenses can create an unhealthy budgeting mindset.
4. Avoidance of Social Gatherings
For many, growing up poor can lead to social anxiety and a reluctance to engage in social events due to financial constraints. Chelsea discussed how this avoidance affects relationships and socialization, often resulting in isolation or the imposition of financial burdens just to fit in.