X
theAsianparent Logo
theAsianparent Logo
Product GuideSign in
  • Awards
    • Parents' Choice Awards 2023
  • Pregnancy
    • Due date calculator
    • I'm pregnant
    • Trying To Conceive
    • Labour
    • After birth
    • Baby loss
  • Parenting
    • Parent's Guide
    • Relationship & Sex
  • Child
    • Newborn
    • Baby
    • Toddler
    • Pre-Schooler
    • Kid
    • Pre-Teen & Teen
  • Feeding & Nutrition
    • Diseases-Injuries
    • Breastfeeding & Formula
    • Meal Planner
    • Health
    • Allergies & Conditions
    • Vaccinations
  • Education
    • Pre-School
    • Primary School
    • Secondary School
    • Primary School Directory
  • Lifestyle
    • Money
    • Travel & Leisure
    • Fashion
    • Home
    • Fitness
    • Contests & promotions
  • News
    • International
    • Health
    • Celebrity
    • Singapore
  • TAP Recommends
  • Shopping
  • Press Releases
  • Project Sidekicks
  • Community
  • Advertise With Us
  • Contact Us
  • Become A Contributor
  • VIP

Will your Child be an Impulse Spender?

1 min read
impulsive buyer

Read and test your child if they posses impulsive buying traits

The Marshmallow Experiment conducted in 1970s at Stanford University by Psychologist Walter Mischel has had a significant impact on what we know about delayed gratification today. Children were placed in a room with hidden cameras, told not to eat the marshmallow  in front of  them and, if they waited for the adult to return after 15 minutes or so, they would be rewarded with two marshmallows.

Longitudinal studies tracked the same  children through high school. Researchers found that the children who waited for the marshmallow, did much better than their peers, right from their ability to cope well with problems all the way to higher academic scores.

We investigated the topic  of delayed gratification and  found that impulse spending was one instance of continuous spending habits. Not being able to control one’s spending habits at the point of purchase leads to an  opportunity cost of saving  and cultivating that very habit of saving.

How often do we fall into the trap of simply saying “okay” to a purchase without thinking twice about what we are holding in our hands is a need or a want?

Post from PlayMoolah.com

[polldaddy poll=6287735]

Partner Stories
Great ideas for gifts for Chinese New Year 2023!
Great ideas for gifts for Chinese New Year 2023!
Learn Tech and Media Skills, Gain Industry Exposure and Build a Portfolio. Here’s How Your Child Can Benefit from an Infocomm or Media CCA!
Learn Tech and Media Skills, Gain Industry Exposure and Build a Portfolio. Here’s How Your Child Can Benefit from an Infocomm or Media CCA!
Korean Stars Take Center Stage at Disney Content Showcase in Singapore
Korean Stars Take Center Stage at Disney Content Showcase in Singapore
Health is Your Greatest Wealth. Learn How Your CPF Savings Can Safeguard Your Healthcare Needs and Provide Peace of Mind
Health is Your Greatest Wealth. Learn How Your CPF Savings Can Safeguard Your Healthcare Needs and Provide Peace of Mind

Got a parenting concern? Read articles or ask away and get instant answers on our app. Download theAsianparent Community on iOS or Android now!

img
Written by

Sandra Ong

  • Home
  • /
  • Lifestyle
  • /
  • Will your Child be an Impulse Spender?
Share:
  • Here’s How Martial Arts Teaches Children The Importance Of Self-Control

    Here’s How Martial Arts Teaches Children The Importance Of Self-Control

  • How to Raise Well-Behaved Kids

    How to Raise Well-Behaved Kids

  • I Try Tracy Lee's Hack for Egg Tarts and It's So Easy That Even Kids Can Make it

    I Try Tracy Lee's Hack for Egg Tarts and It's So Easy That Even Kids Can Make it

  • Here’s How Martial Arts Teaches Children The Importance Of Self-Control

    Here’s How Martial Arts Teaches Children The Importance Of Self-Control

  • How to Raise Well-Behaved Kids

    How to Raise Well-Behaved Kids

  • I Try Tracy Lee's Hack for Egg Tarts and It's So Easy That Even Kids Can Make it

    I Try Tracy Lee's Hack for Egg Tarts and It's So Easy That Even Kids Can Make it

Get advice on your pregnancy and growing baby. Sign up for our newsletter
  • Pregnancy
    • Baby
    • Education
    • Events
    • Allergies & Conditions
  • Family Occasions
    • Breastfeeding & Formula
    • Child Safety
    • Health
    • Diseases-Injuries
  • Lifestyle
    • Home
    • Money
    • Feeding & Nutrition
    • Diet & Weightloss
  • Normal Delivery
    • Cesarean Delivery
    • Behaviour
    • Secondary School
    • Formula Feeding
  • Ages & Stages
    • Latching & Concerns
    • Festivals & Holidays
    • Education
    • Pre-teen & Teen
  • More
    • TAP Community
    • Advertise With Us
    • Contact Us
    • Become a Contributor


  • Singapore flag Singapore
  • Thailand flag Thailand
  • Indonesia flag Indonesia
  • Philippines flag Philippines
  • Malaysia flag Malaysia
  • Sri-Lanka flag Sri Lanka
  • India flag India
  • Vietnam flag Vietnam
  • Australia flag Australia
  • Japan flag Japan
  • Nigeria flag Nigeria
  • Kenya flag Kenya
© Copyright theAsianparent 2023. All rights reserved
About Us|Team|Privacy Policy|Terms of Use |Sitemap HTML
  • Tools
  • Articles
  • Feed
  • Poll

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

theAsianparent heart icon
We’d like to send you notifications for the latest news and lifestyle updates.