Check out these habits that you didn’t know were costing you!
You shop with friends! Shopaholics are typically portrayed by women in popular culture. But a 2011 study actually found that men spend more when they’re accompanied by a friend. Men “engage in self-promotion through increased spending while shopping with friends” – in other words, they tend to show off.
You’ve got a credit mindset! Numerous studies have shown that consumers spend more when using credit cards compared to buying with cash. Basically, we’re more comfortable paying more for something when we can swipe for it!
You have multiple bank accounts! Mental math can be hard, and spreading lots of money across accounts can make it seem like you have more than you do. Having a single account, and therefore a one single that reflects your total balance, can make it harder to justify your spending.
