The easiest way to save money is not to spend when you are sad
Do you know what the saying is – sorrow is not stingy? Let me explain to you. This saying means that when we are sad or sad, we often spend much more money than we would if we had not been sad. And even scientists have proved it.
Study: People spend more money when they are sad
Just a couple of years ago, a study was released that showed that people spend more money when they are sad. In this study, a large number of people were divided into two different groups. One group of people was shown a video that caused them sad emotions, while another showed a video that was neutral emotional. After watching this video, all participants were only given $ 10 and had to bid how much they would pay for the water bottle in front of them. The results showed that our feelings affect how much money we spend because if the group that showed the sad video were to pay an average of $ 2.11 per bottle of water, then the group that showed the neutral video would cost the same bottle of water only $ 0.56. And while all the people who participated in this study said that these videos had nothing to do with how much money they offered for a bottle of water, it has to be admitted that this big difference in amount still suggests that maybe emotions are somehow related to how much money we spend, even if we are unaware of it.
And I think this study is right about the relationship between our emotions and our spending because it is easy to see how this ” no sorrow ” effect could affect people and make them start a vicious and endless cycle. Think about what happens when you come home from a supermarket and realize that you’ve spent a lot of money, often too much money. You become sad because you realize that you may not have enough money to either pay all your payments in the event of an emergency or just to put aside some savings. And what we often do when we are sad and want to cheer ourselves up is to go shopping again. It is not for nothing that Americans have the saying ” retail therapy “. And it can quickly enter an endless cycle as you continue to spend more and more money, but the more you spend, the more sad you become, which again makes you want to spend.
How to get out of this endless cycle?
Here are two options where you both have to eliminate the cause of this spending and composite mood. You can either limit your spending in some way, such as setting up a savings account, which will ensure that you cannot immediately spend your money, but while you wait until you have that money, you may not want to spend it anymore, or for example, you can simply start tougher limit your spending. The second option is to eliminate the second cause of this cycle – bad and sad mood. If you know that it will be difficult for you to limit your spending, then perhaps you should understand what made you sad at the start of this cycle. By realizing this, you can deal with this sad state of affairs and as a result, by eliminating the problem, you may be able to break this cycle.
Of course, I’m not saying that sadness and sorrow are the only reason we often spend more money than we had planned because we often have other reasons for this spending, but you may have been a bit affected by the unintentional sadness and as a result, spent too much money. And that’s why I offer one of the easiest ways to make sure you save as much money as possible – just don’t spend money when you’re sad or sad. It may not help everyone to reduce their spending, but maybe someone will discover the reason for their overspending.