Could Tech Overcome Our Urge to Spend?

Now that we are living in an era of relative comfort and prosperity, the urges that kept us alive are now leading us to make unhealthy decisions.

In certain programs, technology accounts for producing this problem worse; it enables us to make more impulsive decisions and connects us to resources which are not always good for us. But can tech actually help us understand to control and master these urges rather?

The Urge to Spend

Let us look at one specific example: the urge to spend money. Though you might not have a psychological disorder level urge to spend money, chances are, you have been afflicted with some unhealthy spending trends.

The shopper’s large. Research indicates that buying something brand new, or taking advantage of a purchase, can give you a temporary boost in the disposition a kind of shopper’s high. After experiencing this feeling a couple of times, it is natural to keep chasing it, purchasing more frequently as a means to feel good.

Retail therapy. People also turn to store when they encounter hardship, such as in times of excessive stress or depression. This”retail therapy” serves as an outlet for unwanted emotions, but seldom provides more than just a couple moments of relief.

Some people today appreciate the thrill of the hunt, searching new buys if and if they represent valuable opportunities. For instance, some people get the need to spend if they detect a limited time sale or reduction on a product they have been eyeing.

Boredom. The impulse to spend can also kick in when people are bored. If left to their thoughts, they might think of a new gadget or buy that could temporarily occupy their focus, and proceed to buy it.

Tech Possibilities

The solution to the majority of financial woes is establishing a suitable budget; if you stick to a strict budget, you won’t be tempted to spend money you can’t afford, and you’ll be less likely to succumb to the short-term mood-boosting possibility of a rogue or impulsive purchase. The problem is, budgeting and saving aren’t inherently rewarding in the exact same manner that purchasing and spending are. You do not get the increase in feel-good chemicals from putting your extra cash from the bank which you do by investing it in the stock exchange or putting it in your savings accounts.

The Complications

There are some complications to this route of growth, however. For the most part, businesses and researchers can benefit more by feeding to customers’ urges to spend, rather than rescue both because it is the path of least resistance and it’s the path that gains access to consumers’ cash.

Accordingly, future technologies will make it more inviting (and easier) to spend money, so the push and pull between paying concentrated and saving concentrated apps will probably continue indefinitely.

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