After posting about my ‘big spend day’ yesterday - an interesting question was posed in the comments. .
Has the debt free journey made me scared or adverse to spending money?
Certainly something to ponder...
Having thought about it, my answer is no!
I’m not scared or adverse to spend money, I know things are in my budget and as a result I can afford to make a purchase.
Which is the opposite of my old spending habits - if I wanted it, I got it! No thought needed. .
With the budget, regardless of whether I’m strict or I stray slightly (it happens) I know I’ve allocated money to a specific area for a reason .
I think the biggest difference in my spending style now is that I do think a lot more about bigger purchases - glasses, replacement home items, holidays etc.
I make sure to ask myself if I actually need it, if I can wait X weeks / months / years to have it and then try to work out how long it will take to be budgeted for. .
Dave Ramsey always talks about the difference in spending in cash then popping something on plastic.
And while my glasses were paid on my debt card the feeling, reaction and money connection (is that a thing!?) was the same as spending the cash. .
Dave says (how many of us have started a convo with that opener!!), that when spending in cash you physically see and feel the money leave and you are given change back.
When you shop on a card you hand over the card, and take it back. Some people, myself included, could then see that as a free thing (to a certain degree) because no money has left your possession! .
I know that moving forward I don’t want to have the same spending habits as I did before.
So much wasted money paying back ‘stupid tax’ because I wasn’t adulting!
I know how hard I’ve worked to dig myself out of a big hole, with a small shovel, and won’t be going back in debt again. EVER.
So naturally I’m more conscious right now about what I spend my money on.
After all, any money I didn’t spend on things like new glasses would go straight to debt!
Which I have no problem doing!!
. “LIVE LIKE NO ONE ELSE, SO LATER YOU CAN LIVE (AND GIVE) LIKE NO ONE ELSE!” Dave Ramsey. - 3 days ago