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WHAT FEELING ARE YOU TRYING TO BUY?

So you know when you are driving your car and somehow inexplicably find yourself at the mall? Maybe your car drives to the mall by itself a lot. When you walk into the air conditioned, brightly lit shopping mecca, you take a deep breath and sigh- knowing you are in for a really great distraction, errr…shopping experience. Ooooh, the shoes literally sparkle, and are in so many colors and the handbags beckon you with their shiny patents and luxurious suedes. Maybe you go to the cosmetics department and see a new red Chanel lipstick and think, “I NEED this, I DESERVE this. It will make me look pretty.” STOP!!! What feeling are you trying to buy right now?

Ladies, I am not picking on you. Really, I’m not. I am completely aware that men do this too. Maybe with clothes, or tools, or gadgets, or random sporting equipment. It’s just that I am a woman, so I write what I know. Now back to the lipstick counter. What feeling are you trying to buy right now? That may sound like an odd question. “Duh, I’m not trying to buy a feeling, I’m just trying to buy a damn lipstick!” you may say. Au contraire, mon frer. Do you know what one luxury item sold more units than any other during the great depression and world wars? Lipstick. Red lipstick. Think about it. Put on a happy face! Lipstick sales doubled right after 9/11. Lipstick is a luxury. It’s unnecessary, but somehow makes women feel pretty, pampered and desirable, all at the same time. All those good feelings in a shiny little tube. I ought to know, I’ve got about 87 of them in my makeup drawer right now.

It’s called “The Lipstick Effect.” According to copperwiki.org, “The Lipstick Effect theory assumes that, in a crisis or when consumer trust in the economy is low, people will buy goods that have less impact on their available funds. Women buy lipstick and men spend money on items like gadgets rather than new cars.”

Do you see where I am going with this? Yes, sometimes we shop because we really do need underwear. But a lot of the time, we shop to get a pick me up. We are literally buying a feeling. It could be “These jeans are so in- I feel fashionable, hip, sexy and cool.” Or, “These shoes just scream rich! Feel the leather!” Before you got to the mall, maybe you felt frumpy. Or depressed. Or poor. But after you buy your pick me up item, you feel, well…possibility.

I am completely and totally guilty of this behavior. Really, just ask my husband. But, what I have noticed is that now that I shop with awareness- I spend less money. I buy less crap. I drag home less feelings in a bag. This is very good for my bank account, and my marriage come to think of it.

How, you ask, have I changed my shopaholic ways? Well, I ask myself, what feeling am I trying to buy right now? And then, what can I do to give myself that feeling without buying this ____(insert your pick me up object here). Depending on the day- I could be trying to buy…comfort, wealth, sexiness, organization, self esteem, warmth, calm, adventure, freedom, a sense of belonging, camouflage, glamour, confidence, happiness, attractiveness, power, pampering, or even, love.

Once I identify the feeling, I try to figure out a way to get the feeling, without leaving my money at the store. If I am looking for comfort, I can go home, curl up with a blanket and read a good book. If I’m looking for a sense of belonging, I can spend time with a friend or my family. I suppose that depends on who whether your family makes you feel warm and fuzzy or not, but you get the gist. Sometimes I buy the comfort sweater and power pumps, sometimes I don’t. Just think about what you really need, and it may just be something money can’t buy.

~Keisha Gallegos, Certified Life Coach, Former Shopaholic

Does your spending reflect your values?

As a life coach, I have noticed that how we deal with money mimics the way we deal with life.  People who are very cautious with their money are usually very cautious with how they live their lives.  People that spend money freely tend to be people who take chances.  It isn’t just about putting your money where your mouth is, it is about following the action patterns in your life.  Make sure you are being INTENTIONAL about where your money goes and how much of it goes there.  I am not talking about the standard budget with exact dollars and cents for each category.  I’m talking about setting money priorities.
What are your family values?  If charity is high on your list of values, but due to the economy, you’ve cut back- make sure you are giving SOMETHING.  It doesn’t really matter how much, but the act of giving needs to be prioritized.  If more family time is a family value, spend money on activities that enrich your relationships with one another.  Look at where your money is going, and ask yourself if it represents your values so that you are living financially the way that you intend to live emotionally.  If one of your family values is health and wellness, but all of your family activities involve being sedentary with a bucket of grease laden popcorn, you are living contrary to your values.
Write a short paragraph about what sort of values and lifestyle you want your family to uphold.  Be descriptive (i.e. I want to have game night once a month, walk together every weekend, and work in some sort of charitable capacity once a quarter).  Put it on the refrigerator and revisit your priorities when faced with a spending decision you need to make.  This is a great tool to teach kids how to spend wisely, and make sure it reflects what it really important to them.  If you practice being intentional in all things that you do, you will have more of what you want, and less of what you don’t.
Keisha Gallegos (Starlit Path Life Coaching)

Introducing Bay Area Family Finance

This blog was created to help families manage many of the practical challenges of modern life.  A group of business associates in the tri-valley area east of the San Francisco Bay Area decided to create a blog to provide information about their area of expertise that has been useful to their friends and clients.  Posts will be authored by individuals with their contact information at the end.  You can contact them directly with your questions or comments or you can submit questions and comments directly to this website.  Please provide us with your feedback as well as topics that you would like to see addressed in future posts.