4 Emotional Spending Mistakes You Need to Avoid

Your emotions can influence how much money you spend. Here's how to stop wasting cash.

Advertisement - Continue Reading Below
  • 1. The guilty buy: You're vulnerable when you've goofed up. For example, forgetting a friend's birthday could make you rush out to buy a ridiculously expensive gift. A better solution: call or send a card. They'll realise you're thinking of them. It will then be less tempting to plaster over guilt with money!
  • 2. The tired buy: It's difficult to make logical decisions about deals when you're exhausted, so you end up paying over the odds at the first shop. Tip: postpone a purchase, or pay using cash, so you get a real sense of what you're spending. 
  • 3. The improve-a-bad-day purchase: We've all been through phases when the best way to shake off a blue mood seems to be a pair of new earrings. Our tackle-it trick: call a pal who can distract you at a weak moment and save you from spending cash.
  • 4. The habit buy: Every time you pick up coffee from the cafe instead of the canteen where it's cheaper, or buy groceries from the supermarket over your cheap sabziwallah, you know you've made a habit buy. Our advice: list all the extra cash you waste this way every week to get a perspective.

What do you think?

Life
Share
These Are The Five Foods That Starve Your Fat Cells
Eating these will actually help you shed your fat , think of them as an answer to your fitness prayers.
Life
Share
7 Health Issues in Your Body—Identified By Your Handwriting!
We bet you didn't see this coming...
Life
Share
Facebook is Introducing This Brilliant New Feature to Protect Women in India
Well, at least it's a start.
Life
Share
Online Art Dealing: An Insider's Look
Cosmo caught up with Sonali Batra, Founder of greatbanyanart.com, about the trappings of an online-art-gallery owner's life...
Life
Share
10 Easy Ways To Join The Health Bandwagon
Killing cravings is nowhere on the list!
Life
Share
Looking For a Model Life? Meet Your Match...
Elegant, confident, and powerfully simple—the all-new Volvo S90 has all the making of a supermodel. Here's why.
Life
Share
Women Are Using This Gym Hack to Get Extra-Bubbly Butts
Here's what you need to know about it.
Life
Share
This Summer Sushi HAS To Be On Your June Food Wishlist
You didn't think sushi could improve, but it has.
Life
Share
Here's Why You Are Unforgettable, Based On Your Zodiac Sign!
Breaking down the science of exactly what makes people flock towards you!
Life
Share
5 Beauty Secrets of Flight Attendants
Nobody knows how to stay pretty at 45,000 feet better than them.