If you’re like most people, you’ve been trying to build financial freedom for a while. Year after year, people promise that they’re going to get out of debt, start saving money, get on a budget and start investing…all those things never seem to get done because “life” gets in the way. Is there are way to put a stop to this and to start focusing your attention on building financial freedom?
There is, but it starts with doing something which the majority of us have a VERY hard time doing: taking proactive control of their spending.
What Causes Spending to Get Out of Control?
There are only two ways that your spending can get out of your control. The first is if your income simply isn’t enough to cover your regular expenses which are required for living. In this case, there’s no amount of discipline or planning that can help…you simply need to find a way to start earning more money. However, for most people, this is not the problem. The problem is the spending habits that are out of control and unchecked, cause you to look back and say: “I’ve got to get control of this.”
If this is the situation you’re in, you might be surprised to hear that the answer has nothing to do with money or with discipline. Instead, the cause of overspending is emotional, if it were based on logic; it would be much easier to tell yourself to simply stop. However, overspending gets out of control because our emotional desires get out of our control. The only way to correct this is to understand and to deal with the emotional dynamics which cause overspending…
What Causes Unbalanced Emotional Desires?
One of the primary things which causes our emotions to be out of balance is unhappiness with what we do for a living. If you dislike what you’re doing for 40 to 50 hours a week or if you feel no sense of fulfillment in it, you’re emotional drives will cause you to seek that happiness and fulfillment elsewhere. This might be in the purchase of a new TV or an expensive vacation every month or 77 pairs of new designer shoes in the closet. While there’s nothing wrong with these things, if buying them is causing you to overspend, then something needs to be done.
Many people could even afford to take a pay cut and do something which they enjoy more simply because of the money they would save on overspending. Another cause of the emotions getting out of balance is lack of exercise and activity.
Everyone knows that it’s harder to focus and to discipline yourself when you’re tired, and inactivity or lack of exercise will certainly cause your energy level to drop. What other areas of your life might be causing you to indulge in overspending.
Take an honest look at these and work on getting them corrected. When you do, the money problems will usually take care of themselves.
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