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Does being mad or depressed make you want to spend money?

Does being upset or melancholy give you the urge to splurge?

A new study reveals that more people fall victim to this pattern than they realize or care to admit.

People don't realize that trying to drown their sorrows by shelling out thousands of dollars for a designer handbag or luxurious watch can have adverse effects.

Ironically, spending lavishly on material goods doesn't overcome feelings of, say, anger or low self esteem -- it compounds them!

The elation one feels after buying an item is fleeting. Sooner or later, you'll grow accustomed to the product, get bored by it, or feel the impulse to buy that next-best-thing. You'll never feel totally happy, and this will in turn amplify your despair.

Here are two alternatives that I feel will work a lot better:

1. Rely on experiences rather than tangible products -- Studies have shown that experiences ultimately bring us a lot more happiness than tangible items do. Whether it's a trip to the local museum or a weekend beach getaway, experiences produce memories that can last a lifetime.

2. Bounce your feelings off someone else -- Whether that person is a therapist, your spouse, a parent, or a close friend, sometimes all it takes for us to feel better is having someone sit and listen.

Again, blowing your money when you're down on your luck will leave you feeling emptier inside (not to mention an empty wallet as well). I don't see any issue with treating yourself to a good meal or movie, but taking other drastic measures -- say, buying a car or burying yourself in credit card debt -- would be a terrible mistake.


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