Get weekly updates via email!
tip of the day SAT 31 JAN 15
Keep your distance and eventually he'll move on. Make sure you clear up the rules when you break up with him. Be sure you stick to
  • Good House Keeping
    Start fresh this 2015 with Good Housekeeping's January issue, with tips and stories to help you drop those holiday pounds, revamp your look, and even re-ignite the spark in your marriage.
    Good Housekeeping
Charlene J. Owen, Contributor
 
November 27, 2012

Sadness May Make You Spend More, Says Study

Here's another reason why it's important to turn that frown upside down. By Charlene J. Owen

We mentioned in an earlier article that the appearance of your money can determine the way you spend. This time, according to a new study, it appears that your emotions, specifically the negative ones, may also affect your bank balance.

A study featured on MedicalNewsToday.com expounded on how frustrations and impatience brought about by sadness can pull your finances down. Jennifer Lerner of the Harvard Kennedy School of Government and her colleagues Yi Le and Elke U. Weber of Columbia University analyzed data from random participants who were chosen to watch a depressing video.

The researchers learned that feeling down extended to how people handled their cash, as low spirits resulted in “financial decisions that elicited higher gains in the short term, but lesser gains over the longer term.” It was as if the participants were trying to lift their moods with immediate gratification.

In contrast, those who didn’t watch the video and had neutral emotions went for long-term goals rather than short-term benefits. 
 
Although retail therapy may act as a temporary salve to emotional wounds, being impulsive due to sadness isn’t good. Things tend to become simpler when you’re not emotionally overwhelmed.

(Photo by Phil and Pam Gradwell (to be) via Flickr Creative Commons)

Join us on Facebook
Follow us on Twitter
COMMENTS
Name :
Email :
Website :
Comment :
Security Image
 
 
NOTE: FemaleNetwork.com is a CLEAN ZONE. Editors reserve the right to delete obscene comments.
Filter comments by:
  • Be the first one to comment...
Filter comments by:
 
 
ADVERTISEMENT
follow us
LATEST Articles
MOST READ Articles
Money Beliefs That Are Making You Poor
Your mindset can make or break your financial situation.   Jan 30, 2015 
5 Smart Ways to Stick to Your Budget
Get your finances on track with the right saving method for your lifestyle.   Jan 29, 2015 
Career Advice That Will Change Your Life
Your future is in your hands.  Jan 28, 2015 
5 Easy Ways to Upgrade Your Skills
Learn something new today!  Jan 26, 2015 
The 30-Something’s Guide to Changing Careers
It's never too late to start anew.   Jan 23, 2015 
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT