We just read the article If the Reason You Earn Money is Just to Spend it, You will Always Financially Struggle on thesimpledollar.com. Of course he’s right. If you look forward to your paycheck so you can get the latest or a bigger this or that, be seen here or there, or go wherever, instead of using it for the essentials and then saving the rest, you will always struggle financially.
But even though that registers mentally, for some, spending money is tied to emotions. For example, I (Tracy) definitely spend more money when I have a job I don’t like or live in a place that doesn’t excite me. My money isn’t buying things. It’s buying happiness. (Yes, I’ve actually analyzed this.) When I’m happy it’s much easier for me to think about where my money is going and to control it.
During a divorce or separation ,one household becomes two. And items that your partner used to pay for (or at least their part) will have to be paid for by you, or else disappear from your life. This is no time to go on a wild spending spree. Yet, this might be exactly when you fell most like doing it to make you feel better. To buy happiness.
If this sounds like you stop. Don’t make impulse buys. Sleep on it. It’s amazing how something you just had to have in the store is the last thing you think about the next day if it was a “want” and not a “need.”
Also think about what you won’t have if you buy that shiny new thing. Food, the ability to pay your electric bill, money for gas, money for car repairs, rent? You get the picture.
Think about what your money is really buying. And if it’s happiness, believe me, there are free ways to achieve that (exercising, listening to music, being with your real friends, doing something for someone else, for example).
P.S. If it’s social status and that really makes a difference to your friends, are they really your friends? Think about it.