Title: Why You Feel Guilty When You Spend Money And How To Stop
Headings: Why You Feel Guilty When You Spend Money And How To Stop
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Content: Instead of thinking, “I should be doing something more responsible with this money,” you’ll start to think, “All of my bills and goals are covered so now it’s time to treat myself for working hard because I earned it.” You’ll also have a lot more fun figuring out what to spend your money on once you have a financial plan. When you know you have a specific amount of “fun money” each month, you can plan to spend it in a way that makes you as happy as possible. For example, I have clients that plan to go to multiple concerts each month because they know they have a certain amount of fun money and that’s their preferred way to spend it. Planning in advance allows them to save money on tickets, get the best seats, and get excited for the event. Studies show that anticipating an exciting event often creates more joy than actually attending the event itself. When You Should Feel Guilty
While being able to spend your hard-earned cash without feeling guilty is a sign of financial health, there are certain situations where you actually should feel guilty about your spending. If you’re going into debt or missing your savings goals, then the guilt you’re feeling is definitely warranted. It’s difficult to spend without guilt if you know for a fact you are dropping the ball on some key financial basics. If you aren’t going into debt and are saving for your goals but still feel guilty about spending, then your guilt probably has less to do with spending overall and more with what you’re buying specifically.