You Only Change When it Stings

July 13th, 2012 by TFB

Since then, I’ve gone back to my budgeting tool and cut on expenses. I’m following my net worth closely to make sure I pay down my debts each month and get richer. Still, I had waited until I get burned by interest rates before I make any changes in my spending habits. The worst part is that I feel that once the storm will pass, I’ll probably go back to my old habit in a few years.

 

Readers, how are you dealing with your money? Do you wait until it stings before you make any changes?

 

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  • Shoptheclosetproject

    I really enjoyed this post. Am definitely in the “stinging” phase where past spending habits have limited my current lifestyle. 

  • http://makinthebacon1.wordpress.com/ MakintheBacon$

    I used the title of your post today as a motivational saying for my members in my group fitness class. Sometimes it has to sting in order for it to work.

    Whenever I can forsee a potential “sting” coming up, I try and prepare myself for it, cut down on unnecessary expenses and monitor my expenses even more rigidly.  But it varies on a month to month basis. Last month was more spendy than this month. August will be more spendy cause I’m going on vacation. But would vacations count as stings? Maybe not until you get back and see your Visa bill. :D

    • TFB

      Interesting, I was telling my self the same thing about going back to the gym (the third kid is a big slowdown right now in my work out schedule!).

      Vacations are always a killer. Each time I go back from them, I focus on my budget!

  • http://www.financialconflictcoach.com/ Dave-Financial Conflict Coach

    Chances are you will return to your old habits once the initial pain/fear/issue is gone. It’s not a matter of will power- it’s the influence of system homeostasis.

    It takes a Significant Emotional Event to create lasting change. A little bit of pain or discomfort is not enough to change your habits.