Why a Budget Could Cause You to Spend More

The article was about a study conducted at Emory University.  The study found that people were more likely to buy high quality, high priced items if they had a budget, whereas people without a budget had lower priced items without unnecessary features. The reason for this is that when there is a budget set, people tend to focus on items near the top end of their budget and ignore the better value items below their set budget. The article said that this attitude could also cause potential homebuyers to buy more house than they need.