The only habit that makes you spend more money, the study says
Research says this common habit leads to more unexpected purchases.
All of usspend money on things We do not need. And although we sometimes expect these moments to "treat yourself", we can also submit to unplanned and unnecessary purchases without even realizing it. In fact, there is a subtle way you probably cause you too much depend on. According to recent research,Use your phone while shopping in stores lets you spend more money. Read it to discover the truth behind this bad commercial habit and for more detail news, you may have missed, discover whyWalmart begins to end its most popular program.
A 2019 study published in theJournal of the Science Marketing Academyfound that people whoUse mobile phones in stores For a purpose not related to their purchases tendency toSpend more money on unexpected purchases. This includes using your phone to make calls, send text messages, check emails or even to listen to music. Researchers have observed more than 230 participants who have received a list of items and have asked to make a simulated purchase task. Those whoused their phones often were more likely to deviate from their planned list, pick up items they did not plan to buy and forget the items they had set out in buying.
"Mobile phones quickly become theMain distractor for many consumers and they offer a single form of interruption, "" Co-author studyMichael Scient, PhD, Professor of Marketing Assistant at Fairfield University, said in a statement.
You probably think that an unplanned purchase here or it does not make much of the difference in your bank account, but it actually adds.Brittan Leiser, aFinancial Advisor And founder of Savvier, stresses that this only takes an average expense of $ 2.74 per day more than you planned to lose $ 1,000 a year. In addition, according toNishank Khanna, thefinancial director To clarify capital, unexpected purchases often cause longer long-term damage than those who can realize.
"Unplanned purchases can do someSerious damage to our budgets Because we are not going to allocate funds for things we do not expect to buy, "Khanna explains." Unplanned purchases are often to blame for bad financial habits, such as support.credit card debt We are unable to pay at the end of the month or not to be able to reach our monthly savings goal. "
Spend too much money Do many of us end up falling, so if you need money saving advice when shopping, read it. And for more in-store habits, you should be aware, discoverThe most rough thing you do in shopping.
1 Bring as much money as you can spend.
Anna Barker, aPersonal finance expert And founder of LogicalDollar, indicates that you should leave your credit card at home when you go shopping and bring only as much money you need for your planned purchases.
"For anyone fighting with the fight against himself when it comes to his credit card balance, only stores with money make it possible to limit how much you are able to spend," explain-T -she. And for more money, you should know, check whyYou are more likely to divorce if you spend more money on this.
2 Calculate how many hours of work are needed to give an article.
You can also try to deceive your brain to spend more money using mathematics to see how many difficult words worth an article, says Barker. "One trick I personally use is to calculate how many hours of work are needed to win the amount of money needed after tax to give an article," she says. "Although a potential purchase can look like a good deal, it may be too much to be happy to realize the time you have to work to enable you." And for more news about expenses, check, discoverPaypal has just announced a major change that could soon affect you.
3 Eat before doing shopping.
NotalreadyGo shopping on an empty stomach. A 2015 study from the University of Minnesota found that people are likely to spend 70% more money than they would havethey make purchases on an empty stomach-And this includes the purchase of non-food items. Barker recommends having a snack before shopping for "stopping these hunger pains to hit your wallet." And for more useful content delivered directly into your inbox,Sign up for our daily newsletter.
4 Define a budget with a healing room.
Of course, it is unlikely that you can prevent you from making an unplanned purchase. That's why Khanna recommends defining a budget that allows a small Wiggle hall. "When you give yourself a buffer room in your shopping budget, you plan mainly for the unexpected," he explains. "The unexpected purchases that come into the budget become affordable and you do not have to worry about pushing the boundaries of your financial well-being." And for places where you may not be able to spend money anymore, discover which The beloved beauty brand is the closing of shops at the national level .
