In the psychology world, it has been discovered that when people are asked to be aware and mindful of their eating habits, they eat 300 fewer calories per day. This can easily be applied to spending habits as well. If you aren’t mindful of your purchases – even the little day-to-day ones – they can… Continue reading Practice Spending Thoughtfully
Category: Money Psychology
Frugal Doesn’t Mean ‘Deprived’
Donna Freedman started her writing career with an article called “Surviving (and Thriving) on $12,000 a Year.” It got a lot of negative reaction from readers on MSN Money. People considered it hardship or deprivation to live on such a meager amount of money. Ms. Freedman, however, looked at things in a different manner. She… Continue reading Frugal Doesn’t Mean ‘Deprived’
The Cheapskate Guide: 50 Tips for Frugal Living
This article gives 50 tips for frugal living, all helpful suggestions to help control your finances, with the top 20 listed here to get you started. Go with one car. Go with a smaller house. Go with a smaller car. Rent rather than own. Look for used first. Eat out less often. Eat out frugally.… Continue reading The Cheapskate Guide: 50 Tips for Frugal Living
The Conversation You’re Not Having, but Should Probably Start
Alarming statistics include the fact that 50 percent of Americans have less than a month’s worth of savings for emergencies. One in four of us have no savings whatsoever. More than half of us have no budget. Credit card debt averages $15,000. That is the tip of the fiscal iceberg. While this debt looms, no… Continue reading The Conversation You’re Not Having, but Should Probably Start
How to Budget: Avoiding Retail Therapy
In these times of economic downturn, it is crucial that people take control of their finances. In every adversity are the seeds of equal or greater benefit, and that includes the current economic climate. Let the uncertain times be a motivator for you to think seriously about taking control of your spending and your life.… Continue reading How to Budget: Avoiding Retail Therapy
Menstruation and the Mall
A recent study conducted by the University of Hertfordshire shows that women are more likely to be involved with over-shopping behaviors at certain times of their menstrual cycle. British psychologists, Karen Pine and Ben Fletcher, whose research results are published in the journal Personality and Individual Differences, studied 443 women ages 18 to 50. They… Continue reading Menstruation and the Mall
Six Traits of Financially Smart Women
Women with fiscal acumen have several traits in common. First, they abide by a realistic budget and regularly save money toward a predetermined goal. They know the difference between returns on various savings’ programs. These women often have a financial planner or accountant. They are not hooked on credit cards. In fact, they may rarely… Continue reading Six Traits of Financially Smart Women
The Antidote for Selfishness is You
It is easy to see selfishness in others. Politicians, corporations, and governments all seem to be wallowing in greed. We decry the injustices in the world because of their avarice. We may feel powerless to stop this greed but the power to overcome is within each of us. The first step is to look within.… Continue reading The Antidote for Selfishness is You
Maybe You Don’t Really Need More Money
It may be that the one thing we all have in common is that we don’t actually need more money. We may still want more money, but the fact is that most of us do not need more. The desire for more money may become a pervasive aspect of our existence. We get confused because… Continue reading Maybe You Don’t Really Need More Money
“Addicted” to Shopping?
The Atlantic is renown for the quality of their reportage. This article, using clickable links, pulls together information from various recent studies. Brian Fung looks into the issue of whether one can be “addicted” to shopping. He notes the similarity between drug addicts and shopping addicts while each is involved in their addictions. Both groups… Continue reading “Addicted” to Shopping?