Women Who are Smart or Out of Control Spenders

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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.

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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-AssarafJohn Assaraf Website

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