I used to fantasize for objects with rapid regularly. After college, I had a Wish List totaling over $3,000, all while trying to figure out how to pay my bills.
I suffered from Stuff-itis. I’m sure you have at one time or another, too.
When I was broke and spending money I didn’t have, I thought I was just getting the things a newly independent person “needed”.
In reality, I was actually mortgaging my future, thinking I deserved fancy things without working really, really hard for them.
For a long time, I didn’t even realize I had almost nothing, while living like I needed everything.
A change was needed…a whole Paradigm Shift was needed…That shift came years later in the form of The Total Money Makeover with Dave Ramsey.
I began to slowly make meaningful (often difficult) changes within me, and I realized that I was not the things I owned.
Throughout our debt-clearing process and getting the clutter out of our lives, I realized a lot of the stuff I thought I wanted in my life didn’t matter anymore. Stuff has a way of clouding judgement like that.
Here are 3 reasons you probably don’t deserve the things you’re thinking about buying:
1. You can’t tell your spouse
Around the time we got married, I remember checking my account for weeks to make sure I finally had enough money for a receiver & speakers. I never told Kristin I was buying them.
I was already creating money tensions with my new bride. I was being dishonest with her to get what I wanted. I was disregarding her feelings when it came to mutual money decisions. You can’t do that and maintain a healthy relationship.
2. You finally have enough to make the monthly payments
A monthly payment mindset is tough to get out of, but it’s vital for true success.
Years ago, I needed a car, and we were going to have to finance it.
I was so ecstatic about qualifying for the loan that I never thought about what a reasonable purchase would be. I never felt the difference between the $18,000 car and the $26,000 car. Spoiler alert: It’s Eight Thousand Dollars.
It wasn’t all bad: That $475 monthly car bill came to be the fire in our bellies to do whatever it takes to get rid of that payment. Forever.
3. You’re not saving enough elsewhere
Maybe you’ve saved up and you know exactly how much you have for your thing. You’ve been setting that money aside for weeks, or months, and you finally have saved enough money. Good for you!
I’m asking you to double-check that you truly have enough.
An emergency fund should be there for a reason. Life insurance is sold for a reason. The government limits retirement contributions for a reason.
Build a rock-solid financial house and purchases become good experiences again.
Before you go out and get the latest and greatest, think to yourself: Am I mortgaging my future for my present?
The answer may surprise you.