While there a ton of great things about being single, there are also a few small drawbacks.
One of the advantages of being single is you don’t have to run your financial game plan past anyone else for approval (like a significant other).
One of the disadvantages of being single is you don’t have to run your financial game plan past anyone else for approval. No that’s not a type-o. Yes, I know that I just listed the same thing as being both an advantage and a disadvantage of being single, because it is.
In my opinion one of the best things about being single is freedom; the freedom to eat cereal for supper every day and spend $200 on a pair of shoes if you want. But, one of the worst things about being single is that you can spend $200 on a pair of shoes and wind up eating cereal for supper every day.
Often there’s no one to stop you or to help provide you with accountability for your financial decisions except yourself, and remember you can be your own worst enemy.
Ask Friends or Family
To avoid spending too much on a pair of shoes you’ll only wear once, you should try to find someone or somewhere to get financial accountability. If you can’t seem to keep yourself accountable when temptations arise, you should look to those closest to you first.
Confide your plan to one of your close friends or family members. Tell them why you want to save money or how much your spending limit is for this shopping trip and ask them to help keep you accountable when you spot those to-die-for shoes that you don’t truly need.
Start a Blog
In theory, this is a good plan, but if you are not comfortable sharing your financial plans or concerns with your friends or family, or if your friend is a spendaholic herself, you may have to look elsewhere for your financial accountability.
Blogging is a great way to find some accountability.
In fact, accountability and having a record of my financial progress are the two main reasons why I started my own blog. I know that anytime I decide to buy something I don’t really need I’m taking away from my true financial goals and I’ll have to explain to my readers why I didn’t have as much progress as I had projected.
Making myself be accountable to my readers through my blog is one of the best things I’ve done to help keep my spending under control. Now when I see those $200 shoes I think “I don’t want to try and justify this one on my blog!”
Yes, we will all still give in from time to time and buy something we don’t truly need, but having someone to help keep us accountable helps. Even if you do give in and buy the $200 shoes, at least you stopped and thought about it first, even that small step is progress in the right direction.
Who helps provide you with financial accountability?
Image via Flickr by www.SeniorLiving.Org