By Barbara Sherry Rose, PhD
Smart Spenders Checklist
- You only spend money on what is essential.
- You are completely financially self-sufficient and do not spend money you have not personally earned.
- If you are married or live with a man you only spend his money when he gives it to you to spend.
- When you feel drawn to buy an item, you stop and ask yourself if you really need it.
- You never shop with credit cards.
- You do not shop in fancy upscale boutiques, instead, you look for an item on-line for the lowest possible price.
- You avoid buying the latest electronic gadget unless you really need it to earn more of your own income.
- You avoid buying designer labels just to feel more worthy and impressive.
- You save more money than you spend.
- Your spending improves the quality of your life more than your need for status.
- When you see something that you like you resist the impulse to buy it unless it is an essential item.
- You realize that saving money is really saving yourself.
- You live within your means and never exceed your current financial means that only leads to financial debt, overwhelm, stress, and possible arguments.
- You avoid spending when you feel down just to feel better.
- You have control over your urges to spend unnecessarily.
- You create your own income so you are completely financially self-sufficient which leads to high self-esteem, and then only spend on what you truly need.
Out of Control, Foolish Spenders Checklist
- You consistently buy unnecessary items.
- You shop with credit cards and create debt.
- If you are married you spend your husband’s money impulsively on items you do not really need.
- You do not create your own income and spend your own money carefully.
- You buy designer labels at high prices to feel “better”.
- You spend impulsively all or most of the time.
- You spend money as fast as it is coming in.
- You have no savings of your own.
- You buy nonessential items all of the time without stopping yourself, taking control of your desires, and choosing to put back what you truly do not NEED.
- You spend above or within your current means and never stop to consider what would happen if money suddenly stopped flowing in for any reason.
- You buy designer labels at high prices just because you can in the moment.
- If you see something you like you feel that you MUST own it now, and you DO buy it.
- You buy the latest electronic gadget just because you can, even if you truly do not need it.
- You depend on another person’s money to buy what you want, when you want it, and are not completely financially self-sufficient.
- You buy the newest trendy item without saving that money instead.
- Your ego desires are driven by impulsive spending and you lack self-control over your spending.
- You spend on items for status, to impress others, to feel more worthy, and to “keep up” with your friends.
- You spend far more than you save.
- Even if you do have your now income you STILL spend impulsively on nonessential items.
- Your spending is not on what will create more income for you.
- You just spend and spend instead of save and save.
- You have no self-control over your spending.
Look at both of the above lists. CHOOSE TO BE A SMART SPENDER!
The contents of this article came from my own hard learned lessons that I shared in the article Living from the Penthouse to My Car: The Lessons I Learned from Being Homeless
© Copyright 2014 by Barbara Sherry Rose, PhD All Rights Reserved.
This article was inspired by a question John Assaraf asked during a live webinar with Sharon Lechter. John Assaraf Website