Hi everybody. And happy, happy Friday!
I’m here to fess up to a little weakness of mine. It’s an interest that is evidenced throughout my living space, has no real purpose other than entertainment value, and costs me money.
It is, of course: squirrel memorabilia.
Didn’t see that one coming? If you visited my apartment, you probably would have. I’m not really a collector, per se, but growing up I had a weird (let’s call it what it is) interest in squirrels. Since owning a real live one was out of the question, I turned my attention towards squirrel themed items.
It’s an interest that hasn’t waned over the years. In fact, as I gained independence over my finances, it gained momentum. I finally could buy those squirrel cookie cutters when I wanted to. I could also toss that squirrel shaped pillow into my shopping basket. So I did. It became an almost knee jerk reaction to whip out the debit card every time I saw something to sustain my quirky habit.
But let’s be honest – nobody needs 39 squirrel figurines in their life. Not even me. So why did I keep up the random purchasing? Because, I was buying on impulse, and I was splurging.
Get offers for lower-interest rate debt consolidation loans here on ReadyForZero!Check your rate using ReadyForZero's free debt consolidation tool. People have saved thousands by consolidating higher-interest debts using a single, personal loan, this will not negatively impact your credit. Check Your Rate Now
Coffee, gadgets, clothes – these are the example often used to describe splurges. But impulse buys can mean any purchases that elicit the ‘see it, want it, buy it’ reaction. In sharing my slightly embarrassing squirrel obsession, I wanted to highlight the scope of spending – little impulse buys exist in all shapes and forms! But one thing remains the same – overspending is overspending. To avoid letting impulses control our purchasing decisions, it helps to understand and acknowledge our natural tendency to splurge.
Here are some great articles to get you started:
A Lesson From Comic Books: Everybody Is Trying To Sell You Something (Thrifty Genuity)
Items that tap into feelings of nostalgia and loyalty are just as difficult to resist as items that are clearly marketed for consumption. Thrifty Genuity looks at comic books as an excellent example, and reminds us to consider the real function of items – before we purchase them.
Fighting The Urge To Spend Money (Eyes On The Dollar)
Giving into urges is easy, but with practice you can put up a decent fight against them! A great article by ‘Eyes On The Dollar’ – quite enjoyed the the donut graphic as well!
The Psychology Of Splurging (Bargaineering)
Not only are we hard-wired to splurge, companies and marketers never forget the fact! Miranda Marquit looks as some of the habits that reflect the psychology of our impulses.
The Problem With Desire (We Only Do This Once)
Adding perspective might help you to think twice before adding to your arsenal of possessions. A very thoughtful piece by ‘We Only Do This Once’ which looks at the impact of purchasing patterns on our overall happiness.
3 Reasons Why We Overspend (MoneyZen)
Why exactly do we overspend? MoneyZen offers some unique answers to the question in this motivating read!
And don’t forget to check out our guest posts…
… and sites mentioning ReadyForZero
OK, so now that I’ve owned up to my squirrel obsession – care to share any of your own unique splurges?