I know a certain someone: that someone has amassed a shoe collection spanning two walls and a closet. Somewhere to the tune of over 80 pairs of shoes.That’s basically saying you wear one pair of shoes 4 times a year. Not to mention the countless dress socks that could fill a bathtub. I won’t say who but that person buys more clothes in one month than I probably do in a year.
Some people buy things because they think it makes them happy. These are the people who feel the need to impress someone by getting a new car every year or a new pair of shoes every month. Newsflash! Think to yourself, will you even be wearing or using these things 10 years down the road? Even 5? Buying these things won’t make you a happier person. Instead you should focus on what makes YOU happy.
Consider this: An estimated 38 million households in the U.S live paycheck to paycheck. The average American’s savings balance is less than $5,000 while credit card debt hovers around $2,600. A staggering 52% say they find it difficult to pay their bills, 36% haven’t saved for retirement and 26% have no money for emergencies – I say it’s safe to assume these people feel more stressed than happy due to the things they buy.
Of course, we always feel good after we first purchase something, but lets face it. That excitement fades away faster than I can eat an ice cream cone.
I’m not saying spending is bad. It’s fine…! As long as it’s budgeted for, you can afford it and it actually makes you happy. I more-so speak of the spending that is emotional, when you try to impress someone, etc, etc.
But more to the point.
Stuff does not define who you are
Having lot of stuff should not define who and what you are.
You are not your fancy car…
You are not that pair of shoes…
The things you buy should only be things you truly want. It shouldn’t matter about what everyone has or wears.
There’s always something else to buy
You know who you are. Always having to keep up with the latest and greatest. They will upgrade their car every year, always get the newest iPhone, or eat out for breakfast, lunch and dinner all because it’s more “convenient”.
Unfortunately, most of these people are in debt and living paycheck to paycheck.
Are they happy? Who knows. What I do know is you can’t be happy with all these items if you can’t afford it.
The thing is, there will always be something newer to buy, so you may be disappointed as the next new thing is always on it’s way.
What makes one person happy isn’t always the same for you
At one point in their life, almost everyone has felt the need to keep up with someone else: the same house, the same car, the same designer clothing, you get the point.
The problem? This can make you go broke and lead to a significant amount of debt.
Is it worth it? Probably not.
- You will constantly be comparing yourself.
- You will have a loan payment for everything just so you can “afford” them.
- Going into debt is the only way to keep up.
- This equals no money for retirement, an emergency fund, fun outings.
All because you spent money on things you didn’t really need.
Instead, you should figure out what makes you want to keep up with that person. Figure out what YOU want out of your own life and goals. Realize that jealously won’t get you anywhere and do your best to live within your means.
You’re not impressing anyone
Odds are, if you’re purchasing things to impress others you will be disappointed. For the most part, nobody cares or will even know that you bought something new.
Buy what makes YOU feel good, not the other way around.
Money problems CAN and WILL lead to stress and other issues
If you continue to buy things you can’t afford, this will have a serious impact on your health, your well-being, your life in general.
You will be consumed with debt, trying to figure out how to make ends meet. The loans, the high interest charges, living paycheck to paycheck. It makes me grow a few gray hairs just thinking about it.
Who wants to deal with that anyways?
Do you think buying things define who you are? Why or why not?
Good Luck, Newbies