Dealing with Necessities and Luxuries

13 Aug

An average person capable of financial freedom surely has his financial goals clearly mapped out. He knows where his hard-earned money should go. He has made a list of important payables: utilities, food, clothing, and children’s education, among others. He also knows that when a few extra bucks are free, he can go ahead and treat himself to a bit of much-deserved merriment. He needs it after all the toils at work that he endures, right? A few drinks here; a nice pair of new shoes there. There’s no harm in that.

paypal-money-adder

Unhealthy Spending Habits

What isn’t acceptable is when spending goes out of control. Abusing credit card use and impulsive buying are classic examples of unhealthy spending habits. Misusing the feature wherein a person gets to have PayPal money generator is also included. Getting free PayPal money may seem exciting, and it is indeed tempting for those who are eager to spend and spend and spend. But when you use it, you’re only getting a Band-Aid solution to you’re your problem, Financial status will still worsen when someone gets tempted to buy too much unnecessary things.

Separating Wants versus Needs

Choosing to get a few extra free PayPal money is fine so long as the person can control his spending. The basics of proper money spending can be traced back to a basic concept: wants versus needs. Identify important necessities and separate it from the wants and luxuries. Money should be allocated on these needs. This includes food, electricity, water, and groceries. Financial obligations like credit card bills and mortgages also fall under this category and must be regularly settled to avoid getting stuck in hard times. After every need is settled, check the finances. Save up a portion of the money first, and then check if the remaining money can be used to buy a few wants. It could be new toys for the kids, a nice lipstick, or additional car accessories. But keep in mind that these wants are completely optional and should never be prioritized.

Definitely Doable

Taking control of finances properly is doable if a person is serious about it. It can be done whether he chooses to use PayPal services or not. It just takes guts and discipline to deal with life’s necessities and luxuries.