Dr. Sunghwan Yi, a professor of marketing and consumer studies at the University of Guelph who helped develop the test, said people who overspend have a hard time making ends meet and trouble saving for the future.
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The Burn Rater Test
1. Have you gone shopping and/or bought things to make yourself feel better?
2. Have you spent money in your account near the end of a pay period, because you knew you were about to get paid again?
3. Have you hidden purchases from family or friends, or told someone you paid less for something than you actually did?
4. Have you bought things you wanted, without considering the longer-term impact of the cost on your personal finances?
5. Have you entertained family or friends at home or at a restaurant more than you could afford?
6. Have you used your credit card to buy something when you didn't have enough money in your bank account to pay for it?
7. Have you avoided looking at your bank account or balance because you were concerned about how much money you've spent?
8. Have you regularly bought things on the spur of the moment?
9. Have you gone shopping (not including grocery shopping) two or more times a week?
10. Have you focused on spending today ahead of creating a budget or financial plan for the future?
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http://www.cbc.ca/consumer/story/2008/02/07/overspending-study.html
Note: http://www.cbc.ca/consu...
More Than Half Of Canadians Overspend
Posted on Thursday, February 07 at 16:19 by N SayContributed By
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"When I tell the truth, it is not for the sake of convincing those who do not know it, but for the sake of defending those that do."
William Blake
Yup, overspending idiots we are.
True happiness can be found within one's self, not from some made in China piece of junk that will only let you down in the end.
Want to save money? For starters, turn off the TV.
Keep in mind that if we don't keep spending money we don't have on things we don't need and selling off our natural resources as quickly as possible to 'trade partners' so they can continue spending money they don't have on things they don't need, our economy collapses.
Intriguing little conundrum our capitalist economy has gotten us into.
But, hey, what do I know?
Note: I am not a pinko.
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"When we are in the middle of the paradigm, it is hard to imagine any other paradigm" (Adam Smith).
say what entails overspending? Let's face it - if everyone was a cheap bastard,
they'd be a lot more starvation out there.
The free market should decide . . . or the government could just print more money to send to people so they can spend it on things that just got more expensive because the government prints too much money. (!?) I think.
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The preceding comment deals with mature subject matter, however immaturely presented. Viewer discretion is advised.
How embarrassing.
Maybe we're better off to keep pretending our 'economic system' is in fact wearing clothes. Ignorance is bliss (and no one knows that better than me, hee, hee.).
Yes, I feel better now.
Ommmmmmmmmmmmm.
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"When we are in the middle of the paradigm, it is hard to imagine any other paradigm" (Adam Smith).
People were so up in arms (myself included} over Ralphbucks, I can't believe they are falling for Bush Bucks. But then again, Ralphbucks was surplus cash, not debt in the same sense. It was a large chunk of what it would take to get schools back into shape, however. And nothing compared to what 'privatization' of natural gas cost us. /bangs head on wall/
As Mr. Deak likes to frequently remind us, our economy is very frugal when it comes to it's new wardrobe. Old Adam from your .sig is rolling in his grave.
Ommm manepadme ommmm.
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The preceding comment deals with mature subject matter, however immaturely presented. Viewer discretion is advised.
It's amazing how in our 'affluent' society how many people, myself included, figure they're about two or three paycheques away from bankruptcy should something untoward, e.g., job loss, occur.
Leaving aside of course the apparently ever-increasing number of homeless or soon to be homeless.
I'm a bit hard pressed to understand how at a point in history where we finally have the ability to give everyone a relatively decent life we seem to be heading backwards to a medieval, economically speaking (at best), society.
Gee, too bad Friedman croaked. Maybe he could explain matters in a way my simple mind could comprehend (not).
On a more optimistic note, lead poisoning or some similar thing acquired through consumption of products from nations that have been clever enough to avoid all those nuisance regulations that impair business growth in our own nation will likely soon addle our minds enough to save us worrying about this type of thing. We'll be able to happily spend happily away and keep the economy booming without a care in the world, so long as we're not too addled to remember our PINs.
I've noticed though that there are more and more places where you can use credits cards without having to sign anything, so maybe forgetting our PINs, or names, won't be an issue.
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"When we are in the middle of the paradigm, it is hard to imagine any other paradigm" (Adam Smith).
In order for there to be some who are rich there must be many more who are poor.
Of course there's the insanely rich and then there's the homeless poor, but what's needed is a right balance between those who are not quite homeless and not quite rich enough to be unconcerned about getting up at 6:30 am 5 days a week, every week, year after year, driving 1 hour to work, and doing whatever task is required to ensure that the few paper tokens that are exchanged for the services are just enough to keep homelessness at bay.
In short, we're not allowed to become too comfortable, otherwise the economy as we know it will grind to a halt, then we'd have to import a bunch of slaves from Asia, like the United Arab Emirates does, and contract out at very high prices what the slaves cannot do.
Hummm, so why not?
Well it seems that we've allowed ourselves to become not only the slaves, but through subsidized education, we've also allowed ourselves to become very capable (and cheap) slaves at that!
Why share so much of the wealth when you can have almost all of it for yourself?
It's the insanely rich who are laughing at us fools, and who are pulling the strings to make sure we're never quite too comfortable to say "take this job and shove it!".
Right now one of the big concerns is that the unemployment rate is getting far too low, but immigration can always fix that little problem. Then there's that Canadian dollar that's just a little too high ...