How we solve problems? I think the right way is find the why that problem happen and solve the problem from there. Am I right?
If you don't solve your problem from its reasons, then possibility the problem will happen again. This applies to our debt too.
If you decide to run out of debt, then you must ask yourself this question - How Did I get Here?
Today, I want to share with you 2 kinds of spending habits that you might have and make you in debt.
Impulsive Spending
Impulsive spending is when you see something and suddenly you want it. You never plan for the item or think about it before.
Impulsive spending is insidious and stays inside you and controls your emotion at the right time - shopping time. You have no intention to buy anything but once the impulsive emotion controls you, you will spend a lot of innocent money.
"I'm too sick with all the old clothes in my cupboard, maybe today is the right time to get something new","I'm down this few days, maybe a playstation can make me happy", “It is a long time I don't shop for anything, I should relax and give some freedom to myself today". Lots of reason will appear on your mind to let you spend your money. This is how impulsive spending works.
Compulsive Spending
Compulsive shoppers have a different problem. They can't stop. They always buy things they don't even need. For them, shopping is a way to reduce anxiety and depression, or perhaps to gain happiness! (I think this is one of the psychology problems)
Below is some of the signs of compulsive shopping:
Shopping to relieve anger or depression
- Spending that disrupts normal life
- felling of elation when shopping
- Purchase that are never unwrapped or used
- purchasing things on credit for which one wouldn't spend cash
Spending habits always are the main reason why we fall into debts. Before this I learn that if we want to control our money and achieve financial freedom and rich, we must learn how to delay our gratification. When I keep on improving myself, I can feel that delay gratification is really a must. At least we must learn how to hold our gratification to buy those things that we dream about, instead we invest it so it can help us generate more income.
Related posts:
- The Ways to Stop Acquiring New Debt The first step to solve a problem is stop making...
- Personal Finance - 9 Good Habits in Personal Finance Pay yourself first Set a target, make a budget,...
- Debt Control - Debt Fighting Tips, Part 6 : Keep Thinking Long Term This is Part 6 for the series post Debt Control...
- Debt Control - Debt Fighting Tips, Part 4 : Get Handle on Your Situation This is Part 4 for the series post Debt Control...
- Reasons Why People Are In Debt This is an article that discusses the reasons why people...
- I spend money compulsively, how to stop it? I came across this topic from Yahoo! Answers. There are...
