To Budget or not to budget
I think the most painfull thing about cutting down on expenditure is not being able to keep up or having to downgrade yourself with the Jonesses you are used to hanging out with because you suddenly have less income. The jonesses being your colleagues, school mates, or just your buddies. Not being able to do something that with them that you have been regularly doing is probably the most painfull.
It is more disturbing than having to sell your material possessions. Jack (not his real name) was lately put in that position, to sell his sports car, or sacrifice the outings with the mates. He sold the sports car. The only problem is he still don’t have enough to hang with the mates and go on their trips. What happens when you came clean and tell your friends you have financial problems or debt problems, one or two might help, the reality is others will not want to know. At the back of your head you know these are not really your real friends but your good time friends, but yet we find it instinctive to want to be part of that heard and have enough money to be part of that herd. It is basic human nature to want to be in the crowd, with the herd you think you belong to. It is sometimes called peer pressure as well.
Finances and income should never be gambled to be part of the herd or that social circle. You need to retrain yourself to enjoy other things or submerge your self in work to come back financially on par with the circle you want to be with it.
Jack said he constantly felt pressured when it came to his round, but yet he did not want to leave the circle and this put him into a more downward spiral. He said it would have completely different if he was not there in the first place. Now society knew who he was, what he was, he had gained the respect, he did not look for it, but gained it, loosing it was something he could not face.
So I gave him a solution, lie, yes lie, just say you were busy and cut down the frequency you met them, that way you will not loose he respect and you could still be part of that social circle, but much more less frequent. You can still have your self esteem while you worked to regain your financial independence. After you have stopped joining them for all their parties and excursions, you will eventually not miss it and cam begin to enjoy your own company gain. When you do go our
Budget on other pleasurable activities, buying gifts for freinds or relatives, you will be amazed how much you can spend on totally unncessary items. If you are broke, say were busy at work, and send your relatives or friends a card.
Category: People in Debt
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