In order for us to take control of our spending, it is important for us to be aware of when and why we spend. Only then can we make necessary changes and improve our spending habits.
What mood are you in when you spend money?
Generally speaking, when you spend money are you in a good mood or a bad mood? Do you spend money to cheer you up after a bad day or do you spend money in celebration of something great that just happened?
There are times when you luck out and find a great price for a hotel or motel online and it turns out to be nice. We have had that experience a few times while traveling. For instance, for about $40 we ended up staying in an Extend A Stay hotel that had a beautiful kitchen, etc. On the other hand, we have also had some really bad experiences with paying so little for a hotel or motel.
In Hill Harper’s book entitled The Wealth Cure, the author used a number of quotes. I jotted down the ones I found entertaining, inspiring or thought-provoking so I could share them with you. I hope you enjoy them. Here they are:
“Today, there are three kinds of people: the have’s, the have-not’s, and the have-not-paid-for-what-they-have’s.” – Earl Wilson, American newspaper columnist
Well, our big road trip adventure is officially over. After driving nearly forty thousand kilometres to various places around North America, we have decided to wrap it up. We had a lovely time. We saw many amazing places and met beautiful people. We have created some awesome memories that we will surely treasure.
Success doesn’t have to lead excess. Just because you may find yourself becoming more financially successful throughout your life, it doesn’t mean that you should dramatically change your lifestyle. People who earn more generally spend more, and to a certain extent, that’s okay, but if you find yourself constantly trying to keep up with your peers, you may discover some negative surprises.
Just because your fellow colleague may eat out for lunch every day, drive a fancy car, and wear expensive clothing, it doesn’t necessarily mean that they can afford to. You don’t know what’s going on behind the scenes. They could be in debt up to their eyebrows for all you know. What matters most is that you know what you can truly afford and spending accordingly.