Quick fixes for common stressors, DIY Halloween costumes, kiddie parties on a budget, and so much more in the October issue of Good Housekeeping Philippines, out now!

Grab a copy now!

Good Housekeeping
Charlene J. Owen, Staff Writer
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)

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:
follow us
Charlene J. Owen
Staff Writer
LATEST Articles
MOST READ Articles
7 Reasons Why Employees Who Love Their Jobs Choose to Resign
It's not only about profit or performance; it's about treating people right.  Oct 25, 2016 
4 Cebuanas Who Found Their Passions in Their 30s
A steady job doesn't always bring a lot of joy, and these four Cebuanas found that pursuing their passions and sharing them with others could be just as (if not more) rewarding than their previous day jobs.  Oct 23, 2016 
4 Smart and Sensible Ways You Can Grow Your Money in Your 30s
Good things come to those who hustle.   Oct 22, 2016 
7 Reasons Why You Should Aspire to Be a Leader and Not a Boss
Leadership is not about superiority, but inspiring others to be great.  Oct 19, 2016