Day 30: Know Your Weaknesses (Spending Triggers)
If you have struggled to get out of debt, take a few minutes and write down a list of your, personal ‘spending triggers’.
When you find yourself in certain circumstances – or around certain people – do you find it difficult to maintain good spending habits?
At Christmas time, do you spend more than you should on gifts, food, cards, and parties?
When you go to the convenience store, do you buy snacks that you don’t need?
If you are at a restaurant, do you feel social pressure to order what others are ordering?
Are you overly influenced by “sale papers” or “internet specials”?
As simple as it seems, if you want to get out of debt, you need MONEY! So, you can either earn MORE money, or spend LESS money. (Brilliant. I know…)
If you are aware of your ‘spending triggers’ you can
A) avoid situations where you might be tempted to overspend.
B) discuss your financial goals with your friends and family, so that they will be “on your side” (helping and not hurting).
C) be absolutely committed to living on a budget.
I’d love to read your comments. Have you figured out what your “spending triggers” are? Do you have a system in place that helps you avoid overspending?
Observant readers will note that this series has taken much longer than 33 days. I can assure you, I am blogging as often as life permits.