BREAKING NEWS

Life Lessons

Life Lessons: 3 ways to stay on budget

Life Lessons 3 ways to keep from breaking the budget

Last year, Americans spent $4.3 trillion on retail purchases alone-and this is the season most of us overspend! So how can you avoid paying over-the-odds next time you go out?

The first scenario to look out for is trying to dodge the crowds.

A study from the Journal of Consumer Research found that when surrounded by groups of people, you are less likely to buy unnecessary items.

Next is when you are reminded of the time.

A Stanford study found people were more likely to spend 51 percent more on lemonade if they were told to spend some time while enjoying it.

The researchers concluded you are more likely to overspend when you think you're paying for an experience.

Third is when you're buying an embarrassing item.

According to a Journal of Consumer Research study, 80 percent of people buy something extra with their embarrassing item to distract from it.

Avoid it by buying embarrassing items online.

Another time you overspend is when you've just opened another bank account.

Researchers found people who have their money spread across a few accounts tend to justify purchases easier.


DISCLAIMER FOR COMMENTS: The views expressed by public comments are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the TERMS OF USE  and the comment you are posting is in compliance with such terms. Your comments may be used on air. Be polite. Inappropriate posts or posts containing offsite links may be removed by the moderator.

Allentown, PA 18102

46°F

Overcast

TONIGHT

31°F

  • %

This Week's Circulars

Top Stories

Latest from the newsroom

More from the Newsroom