Life Lessons: 3 ways to stay on budget
Last year, Americans spent $4.3 trillion on retail purchases alone-and this is the season most of us overspend! So how can you avoid paying over-the-odds next time you go out?
The first scenario to look out for is trying to dodge the crowds.
A study from the Journal of Consumer Research found that when surrounded by groups of people, you are less likely to buy unnecessary items.
Next is when you are reminded of the time.
A Stanford study found people were more likely to spend 51 percent more on lemonade if they were told to spend some time while enjoying it.
The researchers concluded you are more likely to overspend when you think you're paying for an experience.
Third is when you're buying an embarrassing item.
According to a Journal of Consumer Research study, 80 percent of people buy something extra with their embarrassing item to distract from it.
Avoid it by buying embarrassing items online.
Another time you overspend is when you've just opened another bank account.
Researchers found people who have their money spread across a few accounts tend to justify purchases easier.
Copyright 2013 WFMZ. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Police: Dead baby found in trash; charges possible
Bank robbery suspect, getaway driver nabbed after police pursuit
Derrick Redcay welcomed home by crowd of supporters
2 arrested in New Jersey wedding brawl
Police warn about cop impersonators and how to detect them
Crash closes intersection in Northampton County
Pennsylvania sued by US over police fitness tests
Community wants to help restaurant rebuild after fire
Thanks to Yuengling, SteelStacks' Oktoberfest will be free
Crash involving overturned truck closes Route 222 in Richmond