If I don’t continue to learn about myself and be aware of my money tendencies (I call them spendencies), it will be all too easy for an old habit or an “easy” out to creep in and ruin my progress. If I had to choose one thing that’s made all the difference in my mindset around money, it’s gaining self-awareness. especially when you see your bank account shrinking right before your eyes. It doesn’t actually make you feel better.
The person who spent money like water cracked#
Instant gratification isn’t all it’s cracked up to be. We see something and buy it before we think about what’s in the checking account (or before considering our financial goals, for that matter). Some people like to joke about spending money like a shopaholic, but compulsive spending, otherwise known as retail therapy, is a real thing.įor most of us, spending money on impulse just because we want it now is the problem. And if you’re always wondering where all your hard-earned money is going every month, it’s time to start tracking it. Listen: Living paycheck to paycheck is the pits. In fact, you’ll always feel like your money owns you. It doesn’t matter how large ( or small) your income is-if you’re not tracking your spending, you’ll never be in control of your money. All of these things just drain your budget, rob from your future financial goals, and steal your joy. And that popular blogger’s post about the incredible, all-inclusive resort she went to makes your recent family vacation seem like a lousy trip to the state fair. Your friend’s post about their brand-new couch with those perfect throw pillows makes your couch look like you picked it up off the side of the road. And we want it because we think it will make life that much better.īut social media makes the comparison game even more intense. Let’s face it: We all want what we don’t have. If you’re honest, you probably didn’t have to work too hard to picture that scenario because you did it this morning. And before your feet even hit the floor, you’ve spent $30, and life feels complete. Not two swipes in, you’ve been bombarded with someone’s page and that new, life-changing kimono. Picture this: It’s Saturday morning, and before you realize it, you’re scrolling through your social media feed to catch up on what your friends are up to. I hate to love and love to hate social media. Here are five main culprits to watch out for when it comes to spending money: 1. And that’s where it gets a little dangerous-and can lead us to overspend. We spend money for so many reasons, and if we’re just a little honest with ourselves, a lot of those reasons can be chalked up to how we feel in the moment. Whether we like it or not, money makes the world go round.
The person who spent money like water how to#
With so many ways to shop (online, on our phones, and in the store), how can we avoid making mistakes that bust the budget? Don’t worry-I’m here to help you learn how to stop spending money so you can start actually winning with money. Mini hand sanitizers, minty-fresh gum and that magazine with the latest news on the royal family? It seems they’ve thought of everything-or that’s what they want you to think. I’m looking at you, $100-Target-run-disguised-as-a-quick-trip-for-shampoo.Īnd don’t get me started on the aisles right next to the store’s checkout lane. No matter where or how we shop, spending money on random stuff is always a temptation.
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