Experientialism can help consumers be financial success.
Philadelphia, PA (PRWEB) April 13, 2014
On April 9, 2014, Debt Consolidation USA discussed two different spending styles. According to the article, materialism and experientialism are two influences that shape how consumers spend their money. The title of the article is “Materialism VS Experientialism: What Is Your Spending Style?”
The article discussed these two spending styles because consumer spending in the country is still rising. If consumers wish to continue doing so without ending in debt, they have to understand the influences that shape their spending decisions.
The article explained that a person who follows materialism is someone who buys a product for the pleasure of owning it. In most cases, people who have this spending style are those who think that the value of a product is associated with the price. On the other hand, the person who spends with a experientialism frame of mind is someone who purchases a product for the experience that they will get out of it. That means the value of the product is associated with the quality and not necessarily the price.
This seemingly small difference, according to the article, can have a significant effect in the happiness and financial condition of the consumer. The article believed that this makes experientialism the better spending style to have a happier lifestyle. And since it does not associate the value of a purchase on the price, people who have this spending behavior are not compelled to spend more. It allows them to make better spending decisions that keep them from going beyond their budget.
The article even went as far as to say that experientialism can help consumers be financial success. They have a better frame of mind when it comes to their spending choices.
The article also explained that since the consumer’s satisfaction is tied to the experience that is derived from the purchase, they are more likely to feel happiness a lot longer. The mind has to power to relive memories and this is how the positive experience is prolonged. In most cases, a positive experience are magnified by the mind - which makes it all the more satisfying. Unlike material possessions that can be compared, experiences are also kept from disappointing comparisons. That is because the satisfaction is felt - and not really seen in the product.
Lastly, experiences are typically shared. That means experientialism builds better relationships compared to the other spending style.
Debt Consolidation USA understand that consumers want to change their spending habits to practice better ones. But if they do not change their mindset, this change may be a lot difficult to accomplish.
To read the whole article, click on this link: http://www.debtconsolidationusa.com/personal-finance/materialism-vs-experientialism-spending-style.html
Debt Consolidation USA is a debt relief company that offer their services to consumers who are burdened with debt. They have also built their website to contain a rich resource of debt relief information. It also contains articles about personal finance and how to improve one’s financial situation.