# Prof. Adam Alter's research on budgeting for exceptional purchases is featured

1 Faculty News July 6, 2012 ![Chicago Tribune logo](/sites/default/files/styles/246w/public/assets/images/con_036769.gif?itok=8DjrVWuj)>

Excerpt from [Chicago Tribune](http://www.chicagotribune.com/features/life/sc-cons-0705-karpspend-20120706,0,2782339.column) -- "'In each instance, it seems reasonable to make a budgeting exception given the special nature of the spending and the low likelihood that a similar situation will recur any time soon,' says the study in the Journal of Consumer Research. 'Independently, each of the events described puts a temporary dent in a budget; together, they can have substantial consequences for long-term financial planning.'"

[Read more](http://www.chicagotribune.com/features/life/sc-cons-0705-karpspend-20120706,0,2782339.column)