Financial Behavior Of Overspending - 8 Ways To Change
Everyone has to become accountable for our terrible financial behavior and wild money spending habits. What is really happening is that we're piling up to much debt on our cell phones and living large with cruises, cars, clothes, cosmetics and liquor financed on our credit cards. Let's look at 8 ways that can help you change your financial behavior:
- Admit your mistakes. We've all been shamed by some financed fiasco at some time when we've gotten scammed, overcharged or when we overspent on bad deals. Schools never taught you how to handle money in the first place so don't beat yourself up about it.
- Get help. Get a second job and devote that money to bill payments.
- Teach yourself. Take a class, pick up a financial magazine, surf the financial web sites and change the channel to a business financial talk show. Teaching yourself won't solve lifelong money problems but they will help you to start thinking about better ways to handle your money.
- Do some plastic cut up. Plan to pay off at least one or more credit cards with a large balance before the end of the year. Make a pledge to yourself, your family, that you will free yourself of these plastic cards of voluntary slavery.
- Adjust your expectations. Quick fixes will not cure the habits of three generations groomed by buy now, pay later marketing. Plan on a three year turnaround period for new habits, mind-sets and results to make a complete change in your personal profitability.
- Turn book club into prosperity clubs. Share savings tips and credit card info, and help each other with the bailout of the leaky financial boat you're all in. Remember, true sisterhood or brotherhood means we sink or survive together.
- Apply discipline to our institutions. Getting honest about controlling our finances has to be a personal as well as an institutional matter if we want to be respected as responsible and accountable adults and organizations.
- Demand more financial education. Maybe more media solutions; radio stations and definately daily saturation reports on our financial lifestyle and solutions is the only way to break through this blind spot.
To sum it all up, you must become accountable and responsible for your actions when it comes to overspending financial behaviors. Being in debt can be very tough to overcome and it can linger with you for the rest of your life if you don't think about making a change.
- Admit your mistakes. We've all been shamed by some financed fiasco at some time when we've gotten scammed, overcharged or when we overspent on bad deals. Schools never taught you how to handle money in the first place so don't beat yourself up about it.
- Get help. Get a second job and devote that money to bill payments.
- Teach yourself. Take a class, pick up a financial magazine, surf the financial web sites and change the channel to a business financial talk show. Teaching yourself won't solve lifelong money problems but they will help you to start thinking about better ways to handle your money.
- Do some plastic cut up. Plan to pay off at least one or more credit cards with a large balance before the end of the year. Make a pledge to yourself, your family, that you will free yourself of these plastic cards of voluntary slavery.
- Adjust your expectations. Quick fixes will not cure the habits of three generations groomed by buy now, pay later marketing. Plan on a three year turnaround period for new habits, mind-sets and results to make a complete change in your personal profitability.
- Turn book club into prosperity clubs. Share savings tips and credit card info, and help each other with the bailout of the leaky financial boat you're all in. Remember, true sisterhood or brotherhood means we sink or survive together.
- Apply discipline to our institutions. Getting honest about controlling our finances has to be a personal as well as an institutional matter if we want to be respected as responsible and accountable adults and organizations.
- Demand more financial education. Maybe more media solutions; radio stations and definately daily saturation reports on our financial lifestyle and solutions is the only way to break through this blind spot.
To sum it all up, you must become accountable and responsible for your actions when it comes to overspending financial behaviors. Being in debt can be very tough to overcome and it can linger with you for the rest of your life if you don't think about making a change.
