“Remember: it’s only a bargain if you needed it in the first place, otherwise it’s a waste.” Live Simply by Annie’s author reminds shoppers of the pitfalls of sales, which include the marketing professionals who know exactly what it takes to make us whip out our credit cards. She discusses the chemical changes that occur… Continue reading The Truth About Bargain Shopping
Category: Money Psychology
Self-Worth to Net Worth: 12 Keys to Creating Wealth Inside and Out
This wise and comprehensive book begs to be read—and digested—very slowly. In it, Cia Ricco and Belinda Rosenblum have managed to make important and highly sophisticated psychological concepts very, very accessible. From the get-go, they emphasize the importance of personal responsibility, going so far as to ask the reader to sign an agreement to further… Continue reading Self-Worth to Net Worth: 12 Keys to Creating Wealth Inside and Out
“If Money Doesn’t Make You Happy, Then You Probably Aren’t Spending it Right”: Part 2
In the earlier posting on this article, we looked at Dunn, Gilbert, and Wilson’s persuasive assertion that “examining the basic scientific facts about happiness” would enable people to significantly increase the happiness their money could bring them. We also looked at the authors’ first three (of eight) principles for doing so: buy experiences rather than… Continue reading “If Money Doesn’t Make You Happy, Then You Probably Aren’t Spending it Right”: Part 2
Influence. You Already Have It.
Becoming Minimalist blogger Joshua Becker write of influence: “…{I]t would be wise for us to stop always asking how to acquire more and instead, start asking what to do with the influence we already have.” Becker believes that once we realize the scope of our influence, we can begin to focus on being a positive… Continue reading Influence. You Already Have It.
“If Money Doesn’t Make You Happy, Then You Probably Aren’t Spending It Right”: Part 1
In a provocative titled, research-grounded, and thoroughly persuasive article in the Journal of Consumer Psychology—21 (2011) 115-125—Elizabeth W. Dunn, Daniel T. Gilbert, and Timothy D. Wilson argue that “If money doesn’t make you happy, then you probably aren’t spending it right.” In the article, they acknowledge that traditional research shows only a modest correlation between… Continue reading “If Money Doesn’t Make You Happy, Then You Probably Aren’t Spending It Right”: Part 1
When Today’s Deal Is Tomorrow’s Regret
Deal sites like Groupon or LivingSocial, which send weekly or even daily emails to subscribers, offer everything from clothing to romantic getaways for a reduced price. However, the New York Times suggests that many users aren’t getting exactly what they bargained for. Lured in by the reduced price, some users are disappointed a day late… Continue reading When Today’s Deal Is Tomorrow’s Regret
How Much Can You Really Save By Penny Pinching?
Penny pinching may not lead to wealth, but according to experts, it can help you identify spending habits and set financial priorities. What is it that makes you feel deprived? What makes you feel empowered? Figure it out, gain control over your spending, and you’ll be surprised at how it can change your life. Be… Continue reading How Much Can You Really Save By Penny Pinching?
Determining Self-Worth Through Your Job
Are you addicted to work? According to professionals, work addiction can result from childhood trauma or current concerns. Working late, taking on unreasonable demands, focusing on work over family or a social life, as well as isolation and broken relationships are signs for concern. Work addiction may happen due to fear of failure, a loss… Continue reading Determining Self-Worth Through Your Job
How to Battle Shopping Addiction
Self-control issues and being surrounded by a culture of materialism contribute to the problem of shopping addiction, according to Terrence Shulman, of the Shulman Center for Compulsive Theft and Spending. Are you unable to stop yourself from buying? Do you have conflicts with your spouse over purchases? Ever lie about what you’ve bought? You may… Continue reading How to Battle Shopping Addiction
7 Common Problems Solved by Owning Less
Joy and freedom are the results of owning less, according to author Joshua Becker. He and his family intentionally changed their lives forever by slashing their possessions by over 70%, and he shares seven areas of improvement that resulted. These include lowering debt, less time spent dealing with the accumulation and care of “things,” less… Continue reading 7 Common Problems Solved by Owning Less