What is doom spending? How to avoid it draining your money in 2025

manchestereveningnews.co.uk:

At this time of year, spending can spiral as many people hit the shops for gifts, enjoy drinks on nights out, or go away for winter breaks.

Some people can find their money draining away each month without really remembering they spent it on forgettable purchases.

That's "doom spending" - silently sapping your wallet each month. Financial coach Emma Edwards, the brain behind 'The Broke Generation' website, aimed at self-professed "hot mess" Millennials, delves into the common sabotage of sound financial plans in her latest book, 'Good With Money'.

Emphasising how our relationships with money are all complex and unique, she notes: "There’s a big emotional component that you can’t work out on a calculator." Ms Edwards confesses she used to be detached from her spending: "I didn’t have an arm-full of designer bags, I didn’t have anything worth much at all.