Bleeding Money: Could PMS Leave You Penniless?

Do you blame your reoccurring shopping sprees on your weakness for shoes? Well, according to a recent study in the Journal of Consumer Psychology, your penchant for pumps may have more to do with biology than psychology.

When researchers asked 59 women to record their purchases, beauty routines, clothing choices, and diets, for 35 days, they found a correlation between the amount of time and money each woman spent on improving her appearance, and her most fertile time of month. Why? The study’s authors attribute this behavior to evolutionary times, when baby-hungry women would strut their stuff to attract mates during the time of month that their bodies were most likely to conceive.

The findings support a larger 2010 study published in the journal Personality and Individual Differences, in which researchers analyzed the survey responses of 322 women and found that dysfunctional financial behaviors—like impulse buying and overspending—tend to increase throughout the menstrual cycle, with a peak in out-of-control spending during the days leading up to your period. The explanation: The same hormone fluctuations that lead to common PMS symptoms like mood swings, sugar cravings, and decreased concentration, may also contribute to impulsive financial decision-making, according to the study authors.

So what’s a premenstrual, shoe-loving gal to do? Make a plan! Follow these tips to ensure your monthly hormonal shifts don’t show up on your monthly bank statement:

Log your expenses. 
For at least one month, track your expenses each day and take note of the day you start your period. This self-monitoring exercise will tell you whether you have a tendency to engage in reckless premenstrual spending. “Awareness is the first step,” says study author Karen Pine, Ph.D, psychology professor and co-author of Flex: Do Something Different. “It’s surprising how many women are simply unaware of how their spending patterns vary according to their phase of cycle.”

Institute a cash-only policy. Decide how much money you can afford to blow on extras like clothes and other treats each week, and carry only that amount with you. Pine even suggests leaving your credit cards at home, particularly on days when you know you’re more likely to shop. “With a cash-only regimen, your spending is less likely to go out of control,” she says.

Enlist a shopping buddy. Confess your spending struggles to a trusted friend or family member, and bring them with you on your shopping trips, suggests Ryan Howell, Ph.D, psychology professor and co-founder of BeyondThePurchase.org. A shopping supervisor can hold you accountable and help prevent you from dropping cash on stuff you don’t need… like a fifth pair of black ballet flats.

Think before you swipe. Pausing before you decide to make a purchase may spell the difference between frugal and frivolous. If you find yourself shopping solo, Howell recommends stopping and asking yourself, “Do I really need this?” before making a purchase. “We find that people make so many poor choices with their money when they spend without any conscientious thought,” he says.

Treat your body right. Your health should always be a top priority, but Pine says it’s especially important to take care of yourself during the premenstrual phase of your cycle. Besides eating nutritious foods and exercising regularly, she recommends logging enough shut-eye and cutting back on caffeine and alcohol, both of which may exacerbate PMS. “These steps should help to minimize premenstrual symptoms and boost your ability to cope with your shopping urges,” she says.

Out of sight, out of closet. Simply laying eyes on an object of desire can be enough to trigger indulgence   (chocolate cake, anyone?), so avoiding your favorite stores and shopping sites on the days before your period may be your best defense against senseless splurges. Howell and Pine both recommend making a list of alternative activities—like dancing, going for a run, or hanging out with friends—that will boost your mood and minimize your compulsion to spend.

photo: iStockphoto/Thinkstock

More from WH:
4 Money Mistake You Can’t Afford to Make
Fascinating Facts About Your Period
The Benefits of Shopping

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Meaning is the New Money: A Live Lecture with WH


If there’s a silver lining to the enduring economic slump, it’s that more and more women feel emboldened to ditch traditional careers and seek work that feeds their souls. The really awesome part: New research shoes that when passion and purpose are your biggest drivers, your bank accounts often ends up thriving, too.

Meaning is the New Money, Women’s Health May 2012

In response to our smash story about finding fulfilling, socially-responsible work, we’re hosting a lecture with Gabrielle Bernstein, motivational speaker and author of Spirit Junkie (who was also profiled in the piece). Our editor-in-chief Michele Promaulayko will be moderating the panel discussion with Gabby and some of the nation’s leading social entrepreneurs. Get ready to learn how to get paid by doing good.

DETAILS:
Date: 5/23/12
Location: Auditorium on Broadway 1871 Broadway
Time: 6:30-9pm EST

ATTEND: Buy tickets on Gabrielle’s website, gabbyb.tv.

WATCH ONLINE: We will live stream the lecture and the corresponding #findmeaning Twitter chat on womenshealthmag.com during the event. Enter your email on gabbyb.tv to register for the live video.

More from WH:
Fast-Track Your Career
How to Really Impress Your Boss
Tricks for Negotiating a Raise

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