It seems like we live in a society today that everybody is focused on the same thing – I’ve got to get it
now.
When walking past a store window or shopping online and something catches your eye, don’t you
simply want to stop and buy it now? A lot of people do; or do you wait a few days to think about it,
before making that purchase? The answer could have strong implications for your own financial future.
In 2016, the average household with credit card debt paid a total of $1,292 in credit card interest per
year with the average total credit card debt of $6,184.
In high school sociology classes we all learned about the basic “needs” in life – Food, Shelter and
Clothing. But, along the way “wants” began to distract many of us. If your budget is a little out of
whack, perhaps you might try this exercise: Take a sheet of paper and draw a line down the middle and
on the top left write the word “needs” and on the top right, print “wants” and then start going through
your monthly expenses, listing each under the appropriate column. It will soon become obvious where
the problem lies.
Perhaps the way to truly succeed financially is, to get it….later.
