Consumers Association of Penang

Giving voice to the little people...since 1970

"Personal Money" reviews The Money Book by CAP

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Book is available at CAP, Popular, MPH and other leading bookshops.

Consumer culture undermines your well-being

Our unlimited wants, unending needs, uncontrolled spending, unnecessary buys and unbridled acquisitions have all resulted in one thing – an unhappy life, social scientists warn.These findings emerge at a time when the consumer culture has reached a fever pitch, comments Myers, also the author of the 2000 book, The American Paradox: Spiritual Hunger in an Age of Plenty.  

Owning more things and accruing more wealth may provide only a partial fix; it does not ensure long-term happiness. Research shows that when people fulfil their lives around extrinsic goals such as product acquisition, they report greater unhappiness in relationships, poorer moods and more psychological problems.
 

More Wealth, Less Happiness

i-got-richMost people want and aim to be wealthy.  But one of the key findings of happiness research is: Although more money delivers big increases in happiness when you are poor, each extra dollar makes less difference once your basic needs have been met.
 

Why money madness is bad for your body and soul


money-madnessWhich do you value more – your money or your life?  In today’s consuming culture, most people wouldn’t mind having more money to spend.  But while money matters in life, ie for meeting basic needs, always wanting more, or having more and spending more may not necessarily be a good thing.  Too much money shatters one’s life.

12 reasons not to spend

Did the recent Mega Sales turned out to be an expensive affair for you? If you regret the “bargains” which you bought but is unlikely to use, you will regret even more when the credit card statements come  in. 
 
Often people spend for the wrong reasons, and the Mega Sales with all its hype seems to bring out the worst in them.

In order not to be caught off-guard by the next sales, do not buy if  the excuse for buying falls into any of the 12 below: