Sometimes all it takes to change your life is a new perspective. It is easy to go on seeing life the way you have always seen it but a new point of view can reveal new solutions to old problems. This is especially true when it comes to debt. These new ways to look at money and debt could help you to change your spending habits where other methods have failed.
How Much Do You Make In An Hour?
Calculate how much you make in an hour. Take out taxes and any other deductions and come up with a precise figure of how much money you walk away with after you have spent an hour of your life at your job. This is going to be the starting point for a new way for you to look at money and spending.
With this figure now a part of your awareness, you will be able to see purchases not just in terms of dollars but in terms of hours or even days spent working. How many hours of work does it take for a night out on the town? How many hours did you work to buy that TV or how many would it take to buy that new one you saw in the store? How many hours of your working life are you spending on random purchases in the course of a day without even thinking about it?
Thinking about purchases in this way puts them in perspective. Is a new television or a new computer worth all the hours that you had to put in at work just to afford it? Or is the one you have now still working just fine? Knowing the work that goes into buying things can have you rethinking every purchase from here on out.
Do You See Debt As Unavoidable?
It sounds like a ridiculous question, doesn’t it? Everyone knows debt can be avoided, at least in theory. No one wants to be in debt. But is this really how you feel?
Some people do not see debt as much of a bad thing. They see it more as a fact of life. They point to their friends and family members and say that everyone is in debt. It’s unfortunate but that’s just how it is.
It is this acceptance of debt that keeps so many people mired in it. If you believe that debt is just a foregone conclusion then you will not do anything to avoid it or to get out of it. Why fight fate?
After all, if your neighbors cannot escape debt and your co-workers cannot seem to sidestep the problem of debt then why should you be any different? The answer is that you should be different if you want to be different. Just because you can point to many people who have given up on trying to avoid debt or to climb out of it that does not mean that you have to accept it. Stop accepting debt. Make debt unacceptable in your life and you will do anything and everything in your power to rid yourself of it.
The way people look at money and debt is revealed in their financial situations. Adults often talk about children not understanding the value of a dollar. The real question becomes this. Do adults understand the value of a dollar?