Does it happened to you after tense day at work to go in shopping mall and spend money on something that you didn’t even need?
Sounds familiar :)?
There are some techniques you can do to limit the pleasure from buying in the moment.
From a recent research, people claim that when they’re shopping without a plan, it’s an emotional experience, they get a lot of enjoyment out of the actual process of shopping. Just the knowledge that later on they’re going to have track it makes it more difficult to make impulse buying.
So one way you can train the brain is to tell yourself that anything you spend, you have to write it down. By doing that, you take the emotional experience away and make it rational. Now you’re much more likely to spend your money in wise and less impulsive ways.
Also, research shows that the pain of paying is much less painful when you’re paying on credit. So because of those reasons, people enjoy to use credit cards. There’s not an immediate painful experience that would make you think twice about the purchase.
So if you thinking that you’re not managing your money well, the most obvious place to start is with managing your cash. Psychologically it’s more difficult to use bills, because you’re not pushing the pain into the future.
How to be as happy saving money as spending it?
The research came up with conclusion that most people report that they enjoy more to save money rather than spend them. But there’s a difference between enjoying something and actually doing it. I might say I really enjoy working out, but I tend to eat more doughnuts.
I think part of the problem with savings is that most people don’t have a specific goal for their savings.
Experts says that the best things you can do is to have a tangible goal that you’re saving for. So, you can save money and actually be happy, you just need to give specific goal.
What if you don’t have a lot to save?
People believe that if you can’t save a lot then it’s not worth doing. Professor Peter Bielagus tried to persuade his college students to start to save money. Most of the college students said: “I can’t save a dime. He’ll say, OK, how about you start with a penny? I want you to save one penny a day.
Saving, like any behavior, is reinforcing and becomes addicting.