Rebuild – Some Final Thoughts
By Matt - Wednesday, February 28th, 2007
Being financially independent is something that I have always wanted; having the freedom to do whatever I wanted regardless of cost. Tackling the debt is the first step towards this and its one that really needs to occur. Having a plan in place for beating debt is important to me. But what is more important is after having done this exercise is I have a better handle on the why’s behind my spending and not necessarily just the hows.
Knowing why I spend my money the way I do, at least to some extent, will allow me to start changing the habits I have around this. Realistically there is no need for me to spend money as an excuse to have fun and to escape reality. I’ve worked hard lately to make sure that my reality is a lot better and it really is. Reviewing why I spend shows me that I’m spending money in ways that I don’t want to be. Spending money to escape reality is no way to live life because it’ll be a self-propagating problem with no end. Now when I am about to spend money I will be asking myself a few questions: first off why am I spending this money? Do I really need to spend this money or am I just spending for the sake of spending?
The initial goal will be to get into the habit of asking myself these questions; by simply asking these questions I should be able to curtail some of the types of spending that are unnecessary. This will over time help me change the whys behind how I spend hopefully brining them more in line with what I want these why’s to be.
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This entry is filed under Financial Situation.
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