Well it’s a difficult choice-to save or to splurge. While some people are of the opinion that money should be saved for difficult situations, others believe in spending as soon as you earn it to live comfortably. Have you ever given a thought that why do you spend your money? What causes you to have that trip to the mall, buying that modern gadget or a brand new pair of jeans that throws your monthly budget out of the window? We will give some insight into this.

Many minds are severely affected by the advertisements, which lead them to false traps. The emotional effect of these commercials is spellbinding. Some people might just spend some extra money as a status symbol in the society. People would love to buy the same car as some celebrity, or spend 400$ on a bottle of wine, to impress their colleagues, friends and neighbours. Next is the category of people which hunt for sales to spend their money, buying clothes that sometimes might not be the best for them. There are also people who shop on the days they are feeling upset, anxious or furious. That self indulgence soothes them.