Monday, January 27, 2014

Impulsive Spending

Millions of Americans today overspend to give themselves a momentary emotional lift or escape from the stress they experience in their day to day life. If you have engaged in an impulsive purchase, you have also experienced that moment of happiness later turn into remorse and guilt.

"Activity Addiction"

Financial troubles are known to trigger or exacerbate mental health issues such as stress, anxiety and depression. The impulsivity of purchases often occurs with individuals who have suffered a traumatic loss and are searching for a way to fill the emptiness that they feel. Scientists identify this impulsive behavior as an “activity addiction” like gambling, eating or sexual disorders. These activities can affect the brain chemistry the same way that alcohol and drugs do to give you a brief “high” that alleviates the stress when overspending. This continued self-destructive behavior can result in a large credit card debt, unpaid bills and marital distress.

"Need or Want"

When you decide to make a purchase stop and ask yourself if this purchase is a “need or want”. If the purchase is a need then determine how the purchase will effect your budget or current lifestyle. After you have answered these questions, then research the product so that you will receive the ultimate quality for your dollar. This process will help you from making the decision impulsively and without regret.

When reviewing your finances you may determine a need for professional assistance to discuss your options. Consumer Credit Counseling has helped many individuals and families regain control of their finances. There is also Debtors Anonymous that has support group meetings or there are mental health professionals that specialize in Cognitive Behavioral Therapy (CBT) to help identify and change the self-destructive behavior patterns that have been identified. Seek the help that you need so that you can have the quality of life that you deserve.

Sunday, January 05, 2014

A New Year Brings New Opportunities

A New Year brings a time of reflection and also a vision of hope. When you review your past successes and errors it can help you determine how to move forward and create the life you envision for yourself. The possibilities are endless as long as you believe in yourself and are motivated to make the necessary changes needed.

Create the Possibilities

Studies are reporting that it takes 30 days of consistency to change behavioral patterns. This is a difficult, time consuming process for some individuals. Novelist Arnold Bennett states “Any change, even change for the better, is always accompanied by drawbacks and discomforts.” So if you find change difficult to handle, you are not alone. Change is the only constant that we have in life so it is better to learn how to use it to your advantage.

First30Days is an organization that has outlined several principles to overcome the obstacles of change. First, change your point of view. A positive outlook can motivate you to view the situation from different perspectives. Recognize that you are stronger than you think and that something good will usually evolve from those challenges associated with change. Accept the process of change, as resistance is usually wasted energy. Remember, that negative thoughts will hinder your progress and you are the only one that can control what you think and feel.

New Year.....New Opportunities

Life is a gift that we may cherish or waste. If you are unhappy with your present situation take the steps to change it. You only have control of yourself. Do not wait for your spouse, boss, children or family to change. It will never happen unless they decide to make the changes themselves. What you need to realize is that your happiness lies within yourself, not upon others. Create the life you want and the joy will follow.