Psychological Triggers Can Cause Over Spending

We all love spending money. But have you ever thought what will happen if we are to overspend as much as we want? Let’s check it out. There are many causes for overspending.

In order to relive their problems such as anxiety, stress. In our daily life we face many challenges get many works to do which leave us stressed at the end of the day. Stress has now been a part of our life. To move our attention we try out our hand at shopping. Several times we tend to buy many unnecessary things to hide our anxiety. People’s life has changed immensely now they have good bucks to spend, big cars to troll, big houses to live. The changing profile of people has changed everything. Now they are spending much.

They indulge themselves to the fashion, lifestyle and all other stuffs. We live in rat race world every person is looking to bow down the other person. Everyone is running for nothing. After a person has lived a certain way for a while and suddenly find themselves in a bad economical situation, it is hard to give it up.

Psychological Triggers Can Cause Over Spending

Many of us get indulge in spending money to just flaunt our status to the other person. We tend to compete with each other, and want to left the other person far behind. Just to flaunt our buck’s power. Spending $X  on a haircut, $Y on a designer dress, $Z on a new pair of shoes, and maybe $$ on a facial every other week sounds ridiculous to most. For many people it makes them feel something different from the others. They think no one can afford the things that they can.

Impression is good as far as it is limited to some person. If you overspend on much stuff to impress others then definitely you are in danger. It’s not worth it to flow your money in quest to impress other. For example, by picking up the bill for a meal at a restaurant.

People are now social than in the early time. We’ve got many friends; social life is getting very busy. We always think about our friends, colleagues. We always find a way to spend the money. Whether it is birthday of any of our friend or on any other occasion, we are no behind in spending money.

Credit card is one of the major causes for the overspending. Credit card gives you freedom to spend as much as you want. Even you can shop online at the comfort of your home. It doesn’t give any account of the detail we’ve spent on. And when we check our credit status then we get shock. Everything you need to shop is just one click away. According to an estimate the use of credit card is going to be double in a decade. Many people choose this because they need not to carry money into their wallet. This has led us to overspend.