Do you know that there are thousands of people who are currently
buried in too much debt? A lot of people blame them on their credit
card companies or their wages. What they do not know about is that
they could only be overspending. Simply put, they are living beyond
their means.
If you have the tendency to overspend, you may want to take note of
these tips to deal with the issue more effectively:
1. Know the reason for your overspending. In case you do not know
there is a much deeper reason why you are overspending. Psychologists
believe that one of the leading causes for your shopping addiction is
insecurity.
You try to mask your low self-esteem by surrounding yourself with a
lot of material things. Before, you may never have any the capacity to
satisfy your needs, and you are trying to make up for it today. Either
way, insecurity or low self-esteem is a negative emotion, which you
should learn to get rid of.
One of the best ways to do is through the use of subliminal messages.
Subliminal messages can be images, words, or sounds that have hidden
meanings. They can be interpreted, though, by your mind, particularly
the subconscious where they can be found.
What do they do, and how can they be of help? Now imagine yourself
repeating the following subliminal messages or affirmations:
I can control my overspending.
I can live within my means.
I know what I need and want.
I have the power to control my urges to spend.
Surely, it would not take a while before you slowly realize you are
starting to accept these words as truths. Before you know it, you are
already changing your thinking patterns. You discover you have the
ability to say not certain things such as your wants.
2. Determine your needs and wants. What are needs and wants? Needs are
the things you cannot live without. You need food, water, shelter,
education, and clothes. Wants, on the other hand, are those you can
have but not necessarily need. Ergo, they are not that important. For
example, you need clothes, but you want to buy Gap or branded shirts.
You need a home, but you want a house found in Miami, Florida.
To start living within your means and avoid overspending, begin with
your needs. Give yourself at least a month to fully maximize the needs
you have just bought. Now can you still feel the need to want? Most
definitely you do not anymore.
3. Pay your debts and savings first. When you have the salary, do not
immediately spend it immediately. Sit down and write all the debts you
need to pay for the moment and the coming months (especially if they
are huge) and set aside a few of your cash for savings. Then you can
spend whatever remaining amount you have for whatever it is you like.
You do not need to worry anymore. You have covered your debts, and you
have spare cash for emergencies.
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