The overspending habit
.png)
How to deal with the overspending
habit
Overspending, or under-earning, is a big challenge for many
of us. Our eyes get a little big for our wallets, and we give in to impulse.
Overspending is like overeating. It’s the result of short-term thinking without
giving the consequences full consideration. Spending money can also be like a
drug. It’s a quick way to feel better.
Eliminate your
overspending habit:
1. Spend according to your budget. Of
course, you already have a budget. Right?... If not! Make a budget and limit
the amount you can spend. Ensure that you’re also saving consistently. If you
have the urge to purchase something, whip out your budget and make a
responsible decision.
2. Short-term pleasure
leads to long-term pain. If it’s compensation for your emotions in the short
term, you are mostly going to suffer in the long term. The opposite is also
true. A daily trip to the gym isn’t much fun in the moment, but the rewards are
great. A $300 rhinestone purse might be satisfying today, but what about three
months from now when you can’t pay the bill?
.png)