Do you know why you spend money?

United States
May 16, 2008 12:27pm CST
I found this website article I enjoyed a lot. It goes over the reasons that people spend their money. It was an eyeopener for me now I just need to figure out what to do with the new information. I have Lack of patience, and a few pieces of the others here and there. Why do you spend money? http://www.savingadvice.com/blog/2008/05/15/102127_reasons-why-you-spend-money.html
3 people like this
7 responses
• United States
16 May 08
Lol, that's pretty funny because I don't have any of those problems. I wonder if there's a reason why people don't spend money, because that's more like me. I have a hard time with not spending money because I don't want to spend it as I am anxious about the future. My finances have always been unstable, so I'm always cautious. I rarely go out and buy things I don't really need.
• United States
27 May 08
I am a usualy frugal person but every once in a while I go out and blow some money on something that we really didnt need and we spend the next little while digging out of the debts I gave us or rebuilding our savings.
@GreenMoo (11842)
17 May 08
That's an interesting article HappyTHoughts. Thanks for sharing it. I imagine most of us are motivated by a variety of different reasons. After a quick read through, I'd say that my motivators are Laziness (sometimes I just cannot be bothered to take the time to search out the cheapest option!) and Things Will Get Better (I've no idea how, but I can hope!). Generally, I'm pretty good, but occassionally I splash out on eating out. That's like a reward for good behaviour the rest of the time!
• South Africa
17 May 08
I like to think that I don't waste my money. Some of the reasons that people spend on those sites seem to make a bit of sense but people that spend money like that obviously aren't thinking when they do it.
@GreenMoo (11842)
17 May 08
Exactly Pirate. But once you realise the reason that you behave the way that you do, I think you are half way to fixing it.
• United States
27 May 08
I too tend to reward my self or my kids with a quick meal out. I can cook and I think I am pretty good at it, but sometimes it is a treat to sit acrost the table from the family and not have to put the food there.
@beaniecat (329)
• United States
18 May 08
That's a very interesting article. Personally, I think I've gone through difference phases in my life. I've been guilty of lack of patience, keeping up with the joneses and laziness (not wanting to do the research). Now I research things very well. Now, I hate to spend a penny more than necessary.
• United States
27 May 08
I think at one point or another I have been through each step too. I guess I should print the article and read it every once in a while so I can deal with what ever stage I am in.
@cutepenguin (6458)
• Canada
17 May 08
I usually spend in spurts - I will go a very long time without shopping or anything, and then i will go out and spend a couple of hundred dollars on clothes or something. I think it is okay because I usually need clothes.
• United States
27 May 08
I do that too. I do so well for a while then we go on a spree that feels good until we realise what we have dont then we save for a while and do it again. The circle of our financial life.
@kbourgerie (8775)
• United States
17 May 08
I spend money because having material things makes me feel better about myself. Sad, but true. For example, I feel that the way my son looks is a reflection of what kind of parent I am, so I go out of my way to make sure he dresses in up to date styles. I know its important for him to go to school or hang out with his friends and feel confident about how he looks. Recently, I've been on a "home improvement" kick, because once again, the way my home looks is a direct reflection of how I am doing in life. It shouldn't be important, but lets face it, it is. Otherwise we all would live with only the bare necessities.
• United States
27 May 08
We try to dress clean and maintained but I try to avoid the current styles and stick to more of a classic style so that we dont need to buy so often. I cant stand to pay $100 for a pair of jeans just because they are the in thing. I have always been to cheap for that.
@hellcowboy (7383)
• United States
17 May 08
That is very interesting information and I thank you for sharing it,because I have always wondered why people spend money,espeically since some people spend more money than others.
• United States
27 May 08
I think we all learn to look at money in different ways. Some look at it as something to do and some use it as a tool to get by.
@jer31558 (3684)
• United States
16 May 08
Actually, I have never really thought about it, but I do know that I am pretty good at it. I will have to check out that site, cause I sure would like to know.
• United States
27 May 08
I learned a bit of new stuff about me. I thought it was interesting.