The Hidden Reasons People Spend Too Much

Researchers are beginning to discover why you can break your budget despite getting all the basics right. WSJ’s Charlie Wells joins Tanya Rivero to discuss. Photo: Getty

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[JERRYR]

“We buy things we don't need with money we don't have to impress people we don't like.”

[ruzzelladrian]

They go to TJ Maxx and think to themselves they're budget experts and end up with a home full of garbage that they don't need.

[jkglisson]

An elderly friend told me: It's OK to have deep pockets and short arms.

[NHJDT]

Parents need to be good examples for their children. They learn consumerism young. I'm teaching my kids to save and invest first and to not worry about what their friends have because it has nothing to do with us.

[nathanielcarreon]

Too much ego and need to impress others.

[lincmerc]

If you don't like me because I drive a paid for 15 year old car and live in a paid for small home, then you never wanted to like me anyway.

[dangeles]

They are intentionally missing the point. Marketing is very advanced. Most people don’t realize when they are being marketed too.

[huguybear]

I'm 45 and when reflecting on the happiest moments in my life, I came to the conclusion that it didn't cost me a penny. A nice walk in the mountains, a football game with friends. Buying a home or a car are not in my top 50 and it does make sense. How can an object make someone happy?

[alonzojacome]

It ain't about how much you make, it's about what u do with what u do make. Be resourceful, and efficient ladies and gents.

[enigmathegrayman]

This country is designed for you to overspend. The minute you wake up in the morning you are being overcharged!

[nvmcrider]

HALT... Don't spend money when you are Hungry, Angry, Lonely or Tired! There is a reason that the Ginsu knives are advertised at midnight.

[laurah]

I actually know a grown woman who borrowed her Mom’s credit card (because hers was maxed out) to buy tickets to Hamilton!!
Spent 1, 000’s!
Goes to Disney every year then complains on FB about being broke.
How stupid can people be!!??

[blthetube]

When you stop and really think about what you want....You realize how little you really need it.

[alexanderalmirol]

Frugality is the key to have more assets.

[devanishant]

Sometimes I reward myself Friday night with a hot meal after a 90 hour work week.

[UltimateBargains]

This is why "minimalism" is now a huge thing.
Don't get married; don't become pregnant.
Buy only what you need and only pay cash (or cash equivalent like debit card or money order or cryptocurrency), rather than use debt.
The fewer things that you own, the fewer things that own you.

[GirlArmy]

People buy tangible things to replace happiness. They are not getting something they need (i.e., at a job or in a relationship) so they replace this lacking feeling with an item.

[paulbroderick]

Brought up in poor conditions in Europe the memory of it all has never left me. Accordingly, I never joined the "consumer club'
in the US and never regretted it. The amount of purchases excused on behalf of 'needs, wants and requirements' are obscene.

[jayjayrobles]

"Is it just me, or is it getting crazier out there?"

[RoyUSA]

This video should be required viewing for our Congress and President...