Admit it…when you are about to make a remorseful purchase, you will rationalize your spending with a whole lot of things. Oh how lovely it feels when you’ve refreshed your whole wardrobe! But, it may not be wise for your finances in the long run.
From being stressed to needing to look good for a special occasion, here are 8 Excuses Young People Use To Justify Their (Unnecessary) Spending…
1. I HAD THE WORST DAY. I DESERVE THIS.
Isn’t it the worst feeling in the world when you’ve studied so hard for a final exam and failed the next day or when you’ve prepared so hard for a crucial presentation and choke the minute you went up on stage?
Certainly, it can change your mood negatively. Too boost your self-esteem you will buy the prettiest lipstick from MAC cosmetics or a new phone.
2. CELEBRATING MY GOOD GRADES, NEW JOB, or NEW APARTMENT
Since you have been promoted from your job, you better get a new coffee table, work dress, or a sparkly jewelry. You definitely feel that you shouldn’t look like old self. You want to embody an up-gradated version of yourself. Version 2.0!
3. I AM SO STRESSED. RETAIL THERAPY PLEASE!
That moment when you feel cannot do it anymore. You feel helpless and stressed with the situation you have been given. Hence, you will dive into retail therapy and drown yourself with material things to make you feel better. You may also swipe an expensive massage from your Visa Card. Ohh la la!
4. BEING AT MY PARENTS’ HOUSE SAVED ME ENOUGH MONEY.
After spending a week at your parents’ house you rationalize that you’ve saved so much money from eating home cook meals and using your their utilities. It helped you save enough money that you can now spend on the stuff you like.
5. SINCE I AM SPENDING, I MIGHT AS WELL GET THE BEST.
You feel that your money is more worth it if you bought nothing but the best beer, blouse, shoes, or concert tickets. After all, it is your own money.
Image Credits: Amélie Verleene via Flickr
6. THE “JUST THIS ONCE” PHENOMENON
You will be quick to purchase when everything is on sale and the item you like only has one size left…and it is your size! Just this once (you tell yourself).
Then you will feel that you have been eating too much processed food or instant noodles while you are living in your dorm. So, you will eat somewhere pricey but super nice for a change. Just this once.
7. I NEED TO LOOK GOOD FOR MY BF, GF OR MYSELF
The urge to buy an expensive article of clothing due to the constant need to look good for your boyfriend, girlfriend or yourself. Other than that, the person you dislike might be in the reunion party you will attend. You feel that it will be nice to show him/her how amazing you look now.
8. IT IS OKAY TO SPEND AS LONG AS I AM HAPPY.
Along with the previous excuses above, many have fallen prey to this statement: “It is okay to spend as long as I am happy”.
For instance, you went to a Game Console store with a single goal in mind—to buy the new GTA V XBOX game. But, you walk out the store with 2 games in hand (that is a 100% over your budget). At least you are happy!
Image Credits: Jason Devaun via Flickr
I hope that by knowing these excuses, you will be aware and more cautious in your daily spending. 🙂