7 Tips for Clients Who Overspend: Advisors' Advice

Nearly three-quarters of Americans report having an overspending problem, 55% admit to reckless spending and 45% say they have cried over their purchasing habits, according to a Clever Real Estate survey. Nearly 30% reported they're afraid to check their finances, according to the firm. The vast majority of survey takers said they'd consider a second job to earn more spending money, and over a third said they'd consider posting content to the adult social media site OnlyFans for more cash. Despite consumers' concerns over their spending habits, 40% of Americans said if they came into a surprise $10,000 windfall, they wouldn't save any, Clever found. We asked financial advisors what advice they give to help clients address harmful spending habits. Here are seven tips ranging from the emotional to the practical. Answers may be edited for length or clarity. (Credit: Adobe Stock)