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Why You Don’t Need It All

by Alonzo on March 12, 2012

We live in a world that tells us we can have it all, all the time. Perhaps that’s the sad reason most of us are living paycheck to paycheck.

But if we’re truthful with ourselves, we’ll realize that we don’t need it all. In fact, a lot of the stuff we buy brings us only fleeting enjoyment.

Instead of listening to Madison Avenue tell us what we should desire, perhaps we should take the time to find out what truly brings us satisfaction.

Spend money on what makes you happy, and cut back feverishly on those things that add little value. This is perhaps the easiest way to enjoy life while building a secure financial future.

If travel is your priority then perhaps cutting back on purchasing a new car every four years is in order. Have a love for fine dining? Then resist purchasing the latest and greatest electronic gear.

Need help distinguishing between those things that bring you joy and those things that can be tossed aside? Try the smile test. Get out your credit card statements. Take a look at each purchase.

Did you really need it?

Did it bring you lasting value?

Did it bring you just a momentary, fleeting high, or worse yet, is it sitting like the rest of your junk on the closet floor?

Take particular note of the purchases that bring a smile to your face. Perhaps it was the the family trip to Florida or the new Ipad you bought. This is where you should focus your spending.

No, we don’t need it all, just the things that truly bring us value and enjoyment.

And instead of wasting money on things that bring little value, use that money to wipe out debt and build wealth.

Photo Credit: Danielle Bauer

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ImpulseSave March 14, 2012 at 9:00 am

Great idea. I think it’s important that people keep in mind the difference between cost and worth. There is a big difference between how much spend on something and how much it will be worth to you in the end. Think of those of MasterCard commercials. The best things in life are “priceless.”

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