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Scientific ways to reduce expenditures

Didarul Alam Khan || risingbd.com

Published: 17:08, 19 May 2023   Update: 17:10, 19 May 2023
Scientific ways to reduce expenditures

Income of all people does not increase following the increase of expenditures. However, many people are to spend more from the markets though all of those are not necessary. In this write-up, some scientific ways will be highlighted, which will help reduce the amount of unnecessary expenditures.

Use new notes: According to a study published in the Journal of Consumer Research in 2012, most of the people want to use and spend old and dirty currency notes, and they are interested in saving new notes. So, try to keep new notes with you, which will reduce your spending interest.

Make a list before shopping: American psychologist April Lane Benson says that if you go to the shopping malls or markets without a list, you can buy many things that are not necessary. So, keep a list and buy only the necessary items, it will save money.

Don’t roam too much: According to a Forbes magazine report, if one roams more during shopping, he or she can buy more products. If you think you will justify the market price and quality of products, it can increase your tendency to buy more.

Avoid more bargaining during buying products: It is normal that one will bargain to buy products. But many times people can incur loss instead of benefits. US market expert Dr. Yarrow says after shopping for your family members or friends, a tendency can arise to spend much more for buying something for yourself.

Avoid talking too much with the sellers: According to a report of Forbes magazine, if you talk more to the sellers while shopping, you will be more interested to buy products. If sellers talk and work more, you can think we should buy, considering sellers’ efforts. 

Try to avoid more shopping: According to a report in the Wall Street Journal, buying tendency stimulates a part of your brain, and it encourages you to buy various unnecessary things. Researcher Tara Parker Pope says, “Don't take a quick decision after seeing something, and come back next day, if it is necessary. It will help take the right decision and avoid unnecessary expenses”.

Keep credit cards at homes: Studies have shown that people prefer to buy with credit cards over cash. Generally, credit card spending is not as visible as cash spending. That’s why if you always carry a credit card with you, your expenses may increase.