Consumer Addiction and 5 Ways to Beat It

Addictions come in many different shapes and sizes. Growing up, I learned about people who were addicted to drugs and alcohol.

Another affliction that is not uncommon, especially among those who earn a good living, is a consumer addiction. Like other addictions, it can be quite harmful to one’s relationships, well-being, and obviously tough on one’s finances.

There are a few practical solutions to help us prevent the bad spending habits that many of us have acquired.

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Contentment is the real key to financial success.  Studies have shown that we should be spending our money on experiences.  Not on things.

Learn Contentment

While walking around your house before going to bed, make note of all the things you own.  Then, think about how happy those things made you when you first purchased them.   

Perform an Inventory Walk Around

When tempted to make a purchase, we should spend some time thinking about the purpose behind the purchase.  Is it likely to make us happier?  How will we use it? 

Be Intentional

Financial fitness is just like physical fitness.  The more often you flex the muscles of frugality, the easier it will be the next time.

Exercise the Frugal Muscles

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