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
The One Easy Hack That'll Help You Lose More Weight Than Cardio
And you don't even need to move!
Life
Share
Twinkle Khanna Speaks About Workplace Sexual Harassment
Safe to say that Mrs. Funnybones did not find it funny AT ALL
Life
Share
5 Easy-Peasy Workouts You Can Do WITHOUT Getting Out of the Bed
Thank us later!
Life
Share
5 Easy Ways to Get Rid of That Spare Tyre Around Your Waist
Know more ways to beat the bloat and get a toned waist.
Life
Share
A Cosmo Girl's Guide To Doing Dubai Shopping Festival Right
#ShoppingIsMyCardio
Life
Share
This One Crazy Act Could Actually Mean You are a Genius
Time to tell the world what you always knew
Life
Share
Yet Another Case Of Uber Driver Harassing a Delhi Girl is Going Viral...
"Madam, where do you stay and where are you from? Do you stay alone?"
Life
Share
10 People Who Look Like Disney Characters IRL
Dope stuff!
Life
Share
6 Easy and Effective Ways to Cut Down Face Fat
Chiseled cheekbones, here I come!
Life
Share
Here Are the Best Health and Weight Loss Tips Based on Your Zodiac Sign
No more excuses.