We’ve all bought something on impulse or because we “had” to have it. Some people shop like that regularly. It’s a hit to your budget and the guilt is tough to live with, but luckily, knowledge is power.
There are psychological factors that drive us to out of control spending. Five of them actually. The good news is, realizing what they are can help you keep your card firmly tucked away.
- Delayed Reward Discounting. If you’ve ever been so hungry that you stop for fast food that you know is bad, you know what this factor is. Basically, it’s settling for a small “now” reward rather than waiting for a bigger one. Psychologist Carla Marie Manly says the key to fighting this is better impulse control and being okay with delaying gratification.
- The Scarcity Principle. You buy something because it could be unavailable soon. (Christmas toys are a great example.) The trick here is the “do I need this exact thing?” question. Chances are the answer is no.
- Sunk Cost Fallacy. This is when you spend money you’ll never get back in any way. A gym membership is the perfect example. We buy one, go to the gym a few times, and then pay as we stop going. It’s the same for a dress you know you’ll never wear. QUit while you’re ahead and don’t spend the money.
- Anchoring. We’ve all done this. You’re shopping for an outfit and you see them on sale. The original price was $100 but the “markdown” is $50. The thing is….was it ever really $100 to begin with? Chances are it wasn’t. But, thinking it’s on sale gets you to overlook the lack of a real deal.
- Social Facilitation. Being around other people can help us achieve better results. When it comes to shopping, it also pushes us to spend more money. An auction is a perfect example. You try and outbid someone for an item you may not really want and are willing to go over budget to do it.
The next time you go shopping, you’ll be armed with the knowledge to keep control of your wallet.
Have you ever stolen anything from a hotel room? For many, it’s a time-honored tradition. One hotel has decided to reward someone for the most outrageous item taken from their storied inn.
The Roosevelt, New Orleansis celebrating 125 years with a unique contest. You enter by giving them back items you stole from them and the most outrageous one wins. The prize is a seven-night stay in the Presidential Suite with private meals cooked by their executive chef, and spa experiences.
So far, plates from when it was The Grunewald (from 1893-1923) have been sent in, a 1959 vinyl recording from the Blue Room, whereLouis Armstrongperformed, and even a tablecloth have been returned.
The plan is to display all the booty as part of the celebration. No one will get in trouble, as the management says it’s flattering knowing people want a sentimental piece of The Roosevelt.
There’sa site for the contest, which ends July 1st. And yes, you can send in items you buy from auction sites.
Source:Conde Nast Traveler
Many of us cringe at the thought of exercising daily, but the results are undeniable. Regular exercise comes with a wide range of health benefits if you stick to it over time. If you don’t exercise, it’s not too late to start.
Why should you? Because you can start at any time of your life and you’llstillgoing to gain the same health perks. At least that’s the finding ofPedro Saint-Maurice, a postdoctoral fellow at the National Cancer Institute of the National Institutes of Health (NIH) and his co-workers. They wanted to know what the health benefits of the “up and down” exercise pattern or even consistent low level activity holds.
The team asked over 300-thousand 50 to 71 year-olds about their activity levels at certain times in their lives. It was no surprise that the more people exercised, the more their risk of death and disease lowered.
The surprise came when some of the subjects said they did little to no exercise when they were younger, but started to pick it up after their 40s. They showed similar declines in risk of death as people who consistently exercised throughout their lives. It was a 29 to 32-percent drop!
Despite the news… Saint-Maurice and company say that shouldn’t be an excuse to stop exercising. It is, however, a great excuse to start.
If you’ve been dealing with lags, crashes, and battery drainage on your phone, you’ve probably thought it might be time to replace it. But before you go broke buying a new phone, try a little spring cleaning to refresh your smartphone. Tech expertAndrew Moore-Crispinsays phones can accumulate a lot of junk from downloads, apps, pictures, and more, but clearing that clutter can help get the phone running like new again and these tips can guide you through the process.
- Get older photos off your phone- Have more than 1 GB in your photos? Consider copying photos and videos to another storage space, like iCloud or Google Photos, so you can delete them from your phone and free up a lot of space.
- Take inventory of the apps you have and get rid of the ones you don’t use- If you haven’t used an app in a while, it’s probably time to get rid of it. Moore-Crispin advises, “Be more mindful of the apps that might be taking up data, slowing down your device, and eating battery life.”
- Organize your remaining apps- Move the apps you use the most to the home page and you may want to compress and organize your apps into smart folders.
- Deny location tracking- Some apps, like Lyft and Uber need location tracking, but not all of them do, and allowing apps to track your location can drain your battery.
- Clear your cached data- While it can help you save on mobile data because you’ll have quicker load times, spending more time online means more cache, which can slow your phone down. So clear it to get things moving again.
- Get your charging port cleaned by a professional- They have a special tool that can remove dust, lint, and debris that may be in there.
- Don’t be afraid to hit reset- If the system freezes or apps won’t launch, you can start with a clean slate by doing a factory reset, Moore-Crispin explains. Just remember to back everything up first since it’ll be deleted from your phone.
- Make sure your phone is up to date- Older phones may need some extra TLC, so keep them updated so you’ll have the best experience.