Joined: 19 Aug 2013
|Posted: Tue Aug 27, 2013 10:02 pm Post subject: End your spending addiction
|Most people who know me quickly appreciate that I love chocolate. I'm thankful it is not a drug (although some would argue it is) because I eat it every day. I'm not talking a whole block at a time but the concept of a week without chocolate would give my will power a serious workout.
Of course, from time to time, I decide to give my body a break from my daily chocolate hit and eliminate all sugar for a month. Initially, my body hates me. By the time I get to day five, I am a walking headache. However,[url=http://www.nfljerseysfor2013.com/nfl-jerseys-c-598]Official Nike NFL Jerseys Supply Shop Wholesale NFL Jerseys At Cheap Price[/url], by the end of the month, if I'm honest, I would have to say I really don't miss my daily fix. Of course, what happens is that at the end of the month I reward myself with a piece of chocolate and the spiral takes about another 12 months before I feel the need to cleanse again.
It can be the same with my finances. While I budget for the big purchases, I find it is the stack of smaller purchases made over time that hurts my bank account or credit card. So my solution to break the habit of almost-unconscious spending is the same as for chocolate. About once a year,[url=http://www.fruktose-sorbit.de/wiki/index.php?title=Benutzer:Lpyxwcpcxxf#New_baton_set_to_make_waves]New baton set to make waves[/url], I simply decide to go for a month without buying anything new.
Now, this might seem revolutionary, but it is enlightening how much we base our social and leisure time around buying stuff we really don't need. It might be a coffee with girlfriends and a window shop,[url=http://www.nfljerseysfor2013.com/nfl-jerseys-new-york-giants-c-598_657]Nike NFL New York Giants Wholesale On NFL Jerseys Store[/url], a weeknight bored on the couch and online shopping, or grabbing items you really don't need at the supermarket. It just adds to the amount of stuff we accumulate and can, over time, put a large dent in our bank account.
Of course, groceries and other essentials aren't included in the financial cleanse, but everything else is off the table. It forces me to become a conscious consumer for a month and breaks me of the habit of spending, simply because I can.
If you suspect there is a lot of money being spent on a whole lot you don't need, or if, like me, you just need to give yourself a break from spending, then why not try it? Decide not to consume anything new for 30 days.
I encourage you to include your partner, or your family, or your kids, and educate them on why you're doing it. This means you're not only setting up great habits for you, but also for your family and helping to make them conscious consumers.
Thirty days with no spending. It might just be the financial cleanse you need in order to meet your financial goals.
I challenge you to set a date and in the words of a modern-day philosopher, just do it.
Melissa Browne is an accountant, adviser, author and shoe addict.