I’m 32 and recently got married. For most of my life, I’ve been pretty responsible with money — saved, paid bills on time, etc. But after planning our wedding, I feel like I’ve gone totally off the rails. Once I started signing checks for thousands of dollars, it became a slippery slope. I’ve been shopping a lot more, because what’s a $100 shirt compared to the $15,000 we paid for our wedding venue? (We got some help from our parents, but still.) I used to be more mindful of little expenses, because I know they can add up, but now I just can’t bring myself to care as much. I’ve tried to cut back, but I just don’t have the discipline that I used to. How can I get out of this weird mind-set of constantly treating myself? My savings are running pretty low at this point.
Welcome to the alternate reality of weddings. It’s basically a fun-house mirror for money, where price tags get so distorted that it’s easy to forget what’s reasonable (or just stop caring). When I was getting married, I remember almost throwing up when I heard our caterer’s quote for serving peanut-butter sandwiches at the end of our reception (a cute and economical midnight snack, I had thought). “Are they sprinkled with gold?!” I ranted. Then we ordered them anyway.
Like you, I went through a weird recalibration after my wedding was over. For months, the whole world had urged me to spend gobs of money to look and feel as close to perfect as possible because “you only get to do it once!” and, “the pictures!” While this treat-yourself vortex was surreal and stressful, it was also fun, in a dizzying and unhinged sort of way. I’ll buy a wedding dress and shoes … and also this random bathrobe and bathing suit, because what’s another $150?
青青青国产在观免费2018When I finally came back down to earth, I was significantly poorer, horrified that I’d been such a sucker for the wedding-industrial complex, and a little sad that I couldn’t rationalize my reckless credit-card swiping anymore (not that I ever really could). I think this experience is common, not just for newlyweds but also for anyone who goes through a period of heavy spending outside their usual scope. A similar thing happened when I recently moved apartments and bought a new sofa and rug — suddenly I was buying new cups, plates, silverware, and pillows, too. A friend likened it to going on a bender after falling off the wagon: “I’ve already had one drink, so I might as well finish the whole bottle, score some cocaine, and sleep with half the people in this bar.”
青青青国产在观免费2018Academics don’t appear to have a name for this particular spending phenomenon, but it’s similar to the “,” which is used in the context of willpower and eating. It describes the human tendency to indulge, feel bad about it, and then keep going because, well, what the hell — you’ve blown it already, so why not finish the whole pie?
Research has found that the “What the Hell Effect” is exacerbated by guilt and self-criticism. , female college students were divided into three different groups and given bowls of candy. Before the candy appeared, the first group was fed a doughnut and given a reassuring message about self-compassion, the second group was fed a doughnut but received no message, and the third group got neither. The group that ate the doughnut but wasn’t encouraged to feel self-compassionate went on to consume significantly more candy than the two other groups, suggesting that the doughnut (and resulting self-criticism) was a trigger. Meanwhile, found that dieters were more likely than non-dieters to overeat cookies after they were served a large slice of pizza. The takeaway: A restrictive, shameful mentality sets you up to go hog wild once you’ve gotten off track, but a more flexible and forgiving mind-set can help you get back in the saddle more quickly.
To apply this to money: Try not to lump your current overspending in with the gigantic cost of your wedding. You might think, I can’t believe I bought that thing on TOP of what I’ve spent this year — I’ve lost my mind, but that’ll only make you spiral further. Instead, recognize that what’s past is past. Take a breath, resist the urge to berate yourself, and remember that your wedding was an isolated and unusual situation, not the beginning of a scary pattern that you lack the fortitude to reverse. that confidence (or “self-efficacy”青青青国产在观免费2018) is half the battle in following a budget; don’t let one period of excessive spending knock yours.
青青青国产在观免费2018Another part of your problem is that you now have a much higher benchmark for what “a lot” of money looks like, says Carey Morewedge, a professor of marketing at Boston University who researches biases in decision-making. “People tend to think about expenses in a relative fashion rather than absolute fashion,” he explains. For example, say you’re shopping for winter boots and you find one pair for $125 and another pair for $900. “Normally, that would seem like a huge price difference,” he says. “But if you’ve recently paid $15,000 for a wedding venue, the relative difference between $125 and $900 starts to seem more negligible.” This is often referred to as a skewed “comparison standard,” and it explains your newfound carelessness with smaller expenses — next to $15K, they don’t seem to matter, even though they still add up the way they always did.
Lowering your financial benchmarks isn’t easy, but it can be done. “Once people become accustomed to higher spending, they typically shift their reference point so that it becomes the new normal,” says Morewedge. “There’s no quick fix for that, but I would suggest a clean break. Maybe take a few months of fiscal sobriety — make a rule that you won’t buy anything new, and reset your habits.”
One other tactic might be helpful: Try going cash-only for a while. that people who stop using credit cards become more conscious of the value of their purchases, because it increases the “.” While swiping a card (or, even worse, buying something online) makes financial transactions more abstract. There’s nothing like parting with physical dollar bills to make you reflect on exactly how much something costs and whether it’s worth it. Perhaps paying so much for your wedding dulled those “pain” senses; you want to re-sharpen them.
青青青国产在观免费2018Don’t approach these measures as punitive. The point is to prove to yourself that you can be just as happy with less — which is objectively true. Most humans have a that they return to regardless of positive or negative events in their lives. My guess is that once you return to that level, and a budget that’s sustainable, you’ll feel a lot more freedom in general.