Amidst fears of recession and rising living costs, many individuals reassess their spending, leading them to defer large purchases and rethink everyday expenses. While some decisions are logical, others stem from a desire to feel they are being financially responsible, even if the impact is minimal. The writer reflects on personal experiences of self-denial, particularly regarding small pleasures like coffee, recognizing that true financial changes require much larger sacrifices than simply foregoing a treat.
That’s a rational decision when faced with rising costs; however, irrational actions can also arise as small acts of self-denial providing moral satisfaction.
Confronted with fears of economic downturn, people often reconsider their spending habits, which includes both rational and irrational changes to their daily lives.
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