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Overspending during depression and bi-polar highs

There is a common problem with those who suffer mental health problems that sometimes they get carried away with their spending and overspend often to the point of landing in debt.

It is a well known fact that we think that buying the ‘next thing’ will make us happy and using a £5 off voucher if you spend £35.00 in the supermarket is actually saving you £5 when, in fact, you are probably spending more than you would if you did not have the voucher.

I came across the article below which, forgive me if it is wordy, does explain some aspects of why we overspend. At this time of year when we are feeling drab and the nights are still closing in before 4.30 it is easy to think that going out shopping and buying something we have always wanted or a holiday that we see others enjoying will be the answer to our low mood.

http://www.getrichslowly.org/blog/2015/01/14/why-we-spend-are-you-falling-for-these-costly-biases/

I did read something about spending to make  ourselves happy. It is on a previous blog on happiness. Apparently we buy something and experience some temporary feeling of satisfaction so we think it has worked. In fact the feeling soon goes away and sometimes our mood can plummet when we realise that the purchase did not act as the magic bullet. The realisation that we have spent £x and got no long-term reward can send us into a decline of regret and evoke feelings where we ‘beat ourselves up’ for falling for this ploy once again. The temporary easing of our anxiety can bounce back to hit us full in the face, worse than before.

I am now subscribing to the minimalist theory. A few pairs of black leggings, a good pair of boots and a few tops and layers are seeing me through the winter. I have a lovely skirt I bought in the Mistral sale which I wear to go out and my previous purchases for winter come out occasionally. There is NO need for any more new clothes so the January sales will not be seeing me this year.

Try it and see if you feel better by NOT spending.

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