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Home >> Mind Over Money >> This 1 Question Will Change Your Spending Habits

This 1 Question Will Change Your Spending Habits

June 23, 2010 · 24 comments

A Buddha in the Rain Creative Commons License photo credit: h.koppdelaney

When I was a child I was very curious. I always asked questions about things. One show I used to watch called “The Adventures of Pete & Pete” had a great episode. In it one of the characters, Ellen, kept asking the question “Why?” As kids we’re always inquisitive. What happened to that? Why don’t we ask ourselves that question more often?

I’m a big believer that everyone can control themselves. Granted sometimes it’s very hard (ex. drug addiction). But mentally,

  • You decide what to think
  • You decide if you’re going to get upset if someone cuts you off in traffic
  • You decide if someone talking bad about you is going to piss you off (excuse my French)
  • You decide if a little rain is going to ruin your day (Literally and figuratively)
  • You are the master of your mind

No one can control it unless you let them.

Next time you decide you use a credit card to buy an outfit because it looks good on you, but you don’t have the cash, ask yourself “Why?”

  • Why do you keep buying clothes that you don’t need?
  • Is there something inside of you that says you need a new outfit to feel good?
  • Why do you need to spend money to feel good?

That’s a bad outlet to get a high. Instead, learn to love what you have. Make a list of things you’re happy about. Make a list of things you love. Make a list of things you’re proud of.

In the end I think it’s boredom that causes this. If you weren’t shopping what would you be doing? Watching TV; talking on the phone; surfing the net. While these things are entertaining to do, they are just that, entertainment. Find a hobby that will be more fulfilling. Perhaps sewing?

If you’re living paycheck to paycheck, or are heavily in debt ask yourself why? Be honest with yourself and don’t blame others. If your significant other spends all of the money ask why? Why don’t you talk to them about it? Why don’t you compromise? Why don’t you say no? Get to the root of the problem with you, then you can solve the problem you have with others

Just ask why?

Do you ask why?

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{ 17 comments… read them below or add one }

1 Jeff @ sustainablelifeblog June 23, 2010 at 9:10 am

Man, I used to watch that show all the time and had totally forgotten about it until now. Great pointing out that the “hobbies” people currently have are more entertainment and not fulfilling at all.

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2 Kevin June 23, 2010 at 9:31 am

Thanks, I loved that show. *sings*Memories*sings*

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3 Hollis Colquhoun June 23, 2010 at 10:01 am

A person should think of his/her money as a result of hard work and therefore a precious resource. There needs to be a conscious connection between thought and money. Things are just things, not the essence of happiness or true success. People can be control of their choices if they want to be. Very good article

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4 Kevin June 23, 2010 at 11:56 am

Thank you, you make a great point. People need to stop basing success off of how many new items they can gather.

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5 Jon DeGroff June 23, 2010 at 11:34 am

Great post, Kevin!
You’re absolutely right-I wish that everyone would ask that question.
This aspect of each our lives would be much better.

Thanks-

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6 Kevin June 23, 2010 at 11:57 am

Thanks, I’m glad people agree with me.

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7 Red June 23, 2010 at 5:55 pm

Great post! One of my coworkers was recently talking about how realizing we are in control of our lives is so empowering. Once you realize that you are the one who controls your mood, your destination, you really start making positive changes. Examining our bad habits is the best way to break the cycle.
Red´s last blog ..Forget Disneyland! The South is the happiest place on Earth

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8 Kevin June 23, 2010 at 6:14 pm

Exactly, you have the power to make your whole life a big happy bubble. If you want to, but you have to really want it.

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9 Brandon June 23, 2010 at 6:01 pm

Awesome questions, ones in which we really do need to stop and ask ourselves. I will always make purchases based out of necessity first; then, when I know I have the finances to bring forth more value into my life through something else, I will buy it.

Always thinking about your purchases, even the most minute, for long periods of time, however, can be detrimental to your subconscious. As if you overanalyze a purchase made on a 33 cent avocado, you will be creating a message that you are financially coming from lack, which will be discouraging for that part of yourself that does want to start attracting more money into your life.

So…what I am trying to say is a loved the post, lol.
Brandon´s last blog ..New Hypnotic LIVE TV – Should I Do It?

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10 Kevin June 23, 2010 at 6:12 pm

Thanks! Yea, you’re right about the overanalyzing. You need to come up with a base for when you need to analyze, which includes the price and how often you make a purchase. Like one avocado a day is fine, but what if you buy one every hour, then you probably need to ask yourself why, because there is an underlying problem then.

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11 Derek Sisterhen | Past Due Radio June 24, 2010 at 11:52 am

Fantastic post, and excellent reference to the classic show.

You’re treading on difficult ground here by suggesting we’re responsible for ourselves. That’s not very American, you know.

A great book on personal accountability it John Miller’s “QBQ: The Question Behind the Question”. With personal accountability, we ask what can I do to resolve a situation rather than point fingers of blame elsewhere.

When you think about it, folks who are successful financially typically aren’t complainers.
Derek Sisterhen | Past Due Radio´s last blog ..111 Past Due – Managing a Roller Coaster Income

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12 Kevin June 24, 2010 at 12:12 pm

That sounds like a good book, I’ll have to check it out. That’s a good point, when you stop complaining you can actually do something to change your situation.

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13 Kasey June 28, 2010 at 3:12 pm

You might think this sounds a little crazy, but one way to help yourself stop and ask “Why?” is to go back to basics when it comes to payment options. I’m talking about using personal checks.

I know, I can hear the scoffs. But it really is a good way be aware of how much your spending – both at the moment, and day by day.

Let ‘s be honest – lots of us stopped using a register when we started using debit cards.

PS – Great post Kevin, love the Pete and Pete reference. Now can you relate Double Dare to personal finance?
Kasey´s last blog ..Flower Personal Checks Can be Meaningful

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14 everyday tips June 29, 2010 at 7:44 pm

Good post. For me, I am tempted to buy things. My problem is more with the part you mentioned at the beginning – the letting things bother me. I have a much harder time controlling my mind than my spending!
everyday tips´s last blog ..Three Healthy Foods That Are Easy To Add To Your Diet

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15 everyday tips June 29, 2010 at 7:45 pm

Oops, typo! I meant to say that I am NOT tempted to buy things…
everyday tips´s last blog ..Three Healthy Foods That Are Easy To Add To Your Diet

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16 Meg June 30, 2010 at 6:36 pm

Good question, but I would in turn question your suggestion re hobbies–sewing is expensive!!! It sounds economical to sew one’s own clothes, but it is next to impossible to make anything as cheaply as it can be purchased. Fabric, thread, buttons, facings, patterns–all add up to more than a ready-made item. Same thing with sweaters–I love to knit and crochet, but can only afford the dreariest cheap yarn, not the really beautiful ones I am attracted to and would want in a sweater I’d wear. Finally I had to stop making sweaters because I was making more than my family and I could wear and getting too costly.

Nonetheless, you do ask the right question–WHY?
Meg´s last blog ..Balancing Points

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17 Kevin July 1, 2010 at 8:22 pm

yea I was just joking with the sewing. But I’m sure it is rewarding to know you made your own clothing.

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