Most people would agree that anger is not a good emotion. Sure, it is natural as a human being to get angry from time to time, but keeping that anger under control is an important part of fitting in well in society.
While controlling your anger – and getting help for it if necessary – is important mostly for the health of your relationships and your own personal health, being able to manage your anger can also improve your financial life. Let’s take a look at four surprising ways in which getting angry can cost you money.
You should already know that impulsive purchases are a quick way to do serious damage to your budget. Anytime you spend a meaningful amount of money, you should think that decision through before you actually make the purchase. Unfortunately, if you let your anger get the best of you, rational thinking might not be on your side.
For instance, let’s say you are angry about a something you had recently purchased which suddenly stopped working. In your anger, you decide to just buy a new model from a different brand right away, rather than seeing if you can have the original item replaced for free. Letting go of your anger and thinking clearly could have saved you money in such a situation.
If you allow your anger to manifest in physical ways – such as throwing things in your home or other locations – you may need to spend money in order to replace the things that you’ve broken. Obviously, it would be best to get this problem under control for non-monetary reasons, but there is a financial issue to be considered here as well.
Trying to Keep Up
This one might not be as obvious as the first two, but it is just as important. Some people feel the need to do what they can to keep up with their friends, neighbors, or relatives in terms of physical possessions.
So, for instance, you might wind up buying an expensive car to keep up with a neighbor, rather than buying a more affordable model. If you notice yourself feeling angry about the things those around you have purchased, do your best to calm down and keep things in perspective.
Are those possessions really that important? Probably not. Saving money and keeping your financial life on track is more important than owning fancy items.
Looking for Satisfaction
The last point on our list is an indirection connection, but you should watch for it if you tend to let your anger get the better of you from time to time. When angry, do you tend to spend more money than when you are feeling content?
If you aren’t sure of the answer to that question, think about it carefully and try to spot any patterns in your spending. Some people will make purchases as a way to seek satisfaction when they are feeling angry, but that is likely to be a losing strategy. Instead, do what you can to get to the bottom of your anger issues and leave spending money out of it.
Have you ever let anger cost you money? How else have your emotions affected your finances?
Photo courtesy of: composita
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