Menu

  • HOME IDEAS
    • Architecture Ideas
    • Cleaning
    • Decorating Ideas
      • Interior & Design
    • Organizing
  • GARDEN
    • Gardening Tips
    • Vegetables & Herbs
    • Yard & Backyard
  • HEALTH & BEAUTY
    • Healthy Living
    • Diet & Weight Loss
    • Fitness
    • Beauty Tips
  • FOOD
    • Breakfast & Brunch
    • Meat & Seafood
    • Soups & Salads
    • Dinner
    • Desert
    • Vegetarian
  • LIFE
    • Relationship
    • Travel
    • Pets
    • Interesting
  • DIY
    • DIY Ideas
    • Tips & Tricks
  • HOME IDEAS
    • Architecture Ideas
    • Cleaning
    • Decorating Ideas
      • Interior & Design
    • Organizing
  • GARDEN
    • Gardening Tips
    • Vegetables & Herbs
    • Yard & Backyard
  • HEALTH & BEAUTY
    • Healthy Living
    • Diet & Weight Loss
    • Fitness
    • Beauty Tips
  • FOOD
    • Breakfast & Brunch
    • Meat & Seafood
    • Soups & Salads
    • Dinner
    • Desert
    • Vegetarian
  • LIFE
    • Relationship
    • Travel
    • Pets
    • Interesting
  • DIY
    • DIY Ideas
    • Tips & Tricks

Tips to Save Your Bank Account During the Holidays

21
Dec
55
Tips to Save Your Bank Account During the Holidays
By Infomedia
/ in Interesting
/ tags Holidays, Money, Purchases
0 Comments

Black Friday may have come and gone, but the holiday season is still brimming with countless promotions and deals “too good to pass up.” However, once all is said and done, we can often find that our bank accounts  have taken a bad hit as we head into the New Year. Plans we made for travel, moving, or taking a career risk are then put on the back burner as our bank balances recover from our holiday spending.

But if you’re looking to spend smarter this season and resist the temptation to blow all your money on material allures, there are some psychological tricks you can employ to better your odds. “By learning how these ads attempt to make you feel bad about yourself, you can push ‘delete’ without thinking twice,” asserts Susan Krauss Whitbourne, Ph.D., ABPP, a professor emeritus of psychological and brain sciences at the University of Massachusetts Amherst in Psychology Today. In her article, she references the Compensatory Consumer Behavior Model that proposes that consumption provides individuals with psychological value that goes beyond the functional utility of the product or service in question. “According to this view, the reason people will pay outrageous amounts for such everyday products as jeans and watches is that by doing so, they satisfy their need to feel better about themselves,” explains Whitbourne. “Buying products associated with higher status allows you to reduce the discrepancy between how you see yourself and how you wish to see yourself.” Here are some of the tricks Whitbourne outlines to resist the temptation to overspend.

Tips to Save Your Bank Account During the Holidays

Bolster your self-esteem before you buy. 

Because so many ads play off feelings of inadequacy, it’s a healthy practice to take note of your value before making a purchase to feel better about yourself or situation. “Given that retailers want to make you feel that you lack something important if you don’t buy their product, focus on the personal strengths you have that contribute to a positive sense of self,” recommends Whitbourne.

Don’t be impulsive. 

Whitbourne explains that the urgent verbiage retailers use in their emails and ads encourage us to make hasty purchases without giving our consumption adequate thought. Force yourself to take a time-out before making any purchases so you can consider your reasoning behind it. Otherwise, Whitbourne says you’ll “fail to engage in the kind of rational reasoning that will allow you to make good decisions based on your actual budget.”

Look at what you have, not at what you don’t have.

 Finally, you can encourage yourself to become a smarter consumer by focusing on what you have rather than what you don’t. “Take mental stock of what’s in your closet, or if you’re at home, go and look through your stash of similar items,” suggests Whitbourne. “This will not only allow you to feel less inadequate and deprived, but it will also show you that you’ve managed to accumulate items similar to those advertised that help you feel just as good as the new ones being dangled in front of your eyes.”

Tips to Save Your Bank Account During the Holidays

Source: www.mydomaine.com

Picture: Designed by Freepik

0 0 vote
Article Rating
Tips To Make Your Home Wi-Fi Faster
Tips To Make Your Home Wi-Fi Faster 2 years ago
Tips to Silence Your Squeaky Floor
Tips to Silence Your Squeaky Floor 2 years ago
Beautiful Free Easter Printable 2 years ago
← How to Deal With an Angry Child
How to Train for a Marathon →

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments

Follow Us On Pinterest

Infomedia Live

Categories

Home Ideas

  • Architecture Ideas
  • Cleaning
  • Decorating Ideas
  • Organizing

Garden

  • Gardening Tips
  • Vegetables & Herbs
  • Yard & Backyard

Health & Beauty

  • Healthy Living
  • Diet & Weight Loss
  • Fitness
  • Beauty Tips

Food

  • Breakfast & Brunch
  • Meat & Seafood
  • Soups Salads Ideas
  • Dinner
  • Desert
  • Vegetarian

Life

  • Relationships
  • Travel
  • Pets
  • Interesting

DIY

  • Diy Ideas
  • Tips & Tricks







ABOUT US

Infomedia.today will inform you about everything you need to know about cooking, beauty, fitness, architecture, design, and more. Infomedia.today will teach you tips and tricks that will motivate you and make your everyday life simpler and easier.

RECENT COMMENTS
  • Frankie on What To Eat On Ketogenic Diet
  • Svetoslav on 20 Natural Ways to Burn Belly Fat
  • Nia on Lavender Blueberry Cake
POPULAR ARTICLES
  • Home Remedies For Oily and Greasy Hair 81 people like this
  • How to Deal With an Angry Child 73 people like this
  • Tips To Protect Your Hair From The Summer Sun 72 people like this
OUR PAGES
  • About Us
  • Contact Us
  • DMCA Copyright Policy
  • Medical Disclaimer
  • Privacy Policy & Legal Disclaimer
  • Terms of Use
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy
Necessary
Always Enabled

wpDiscuz