Everyone in this world has desires, and to fulfil them they do hard work to earn money. Money is one of the crucial parts of things that can help you to get success. There are so many other factors too, like perspiration, dedication and focus.
If you lose any one of them, then you will face difficulties to achieve your dreams. But, it is noticed that many people fail to get their aspirations, even with a good income source. Can you guess the reason?
The common reason that most of the people face is “Spending-Trigger Habit”. These three words are responsible for failure despite putting efforts and dedication. It turns worse for those who lose their job and have this habit.
Now, let’s understand this term first and how you can overcome it
What Is Spending-Trigger Habit?
There are certain places where you like to spend more. It can be a bakery shop or any restaurant or travelling places. And it is the truth that it is tough to resist because it attracts you badly. To fulfil the trigger, you spend money blindly that leads you to face money problems.
The unique part is that this type of spending occurs when you have no plans to purchase something.
If you visit your friend’s house but when you reached, he was not there. In such a situation, you prefer to wait, and at that time, you roam here and there. Now, you across the bakery shop where you tempt you badly, and consciously you spend money to fulfil it.
It may sound familiar, but people with such habits face terrible issues while overcoming it.
Who Faces The Problem More With Such Triggering Habits?
If you have a good income, including both passive and active, then it is ok. But, certain people have to face adverse consequences of it.
Unemployed People: For these people, dealing with variable cost becomes a challenge. Nevertheless, option, like loans for unemployed assist them to overcome the situation, but still spending trigger habit resist them to live a financially stable life.
Older people: Without any proper source of income, managing cost becomes a challenge. And it is the reason old people are the second category who faces the problem. Let’s see how you can overcome it. But, first, have a look at that where it affects the most
Areas Where Spending Trigger Habit Influence
There are certain places where people face a problem.
- Emergency fund
- Managing regular expense
- Fail to earn more money
- Poor financial decision
Study them in details one by one
- Emergency fund: When you do not care about finance and make unnecessary purchasing, then SAVING MONEY would be a challenge for you.
- Managing regular Expense: It could be challenging to deal with sudden as well as regular cost. To manage daily expenditure, you must know about the requirements. And if you fail to think about tomorrow, then dealing with essential loss turns a timid task.
- Fail to earn more money: For investment, you should have saved money. If you exhaust them all, then you are losing the opportunity to make more.
- Poor financial decision: In a hurry and without proper planning, making a firm decision is not an easy task.
Now, let’s have a look at how you can beat this situation.
Methods to Overcome Spending-Trigger Habits
There are small steps that you should follow. You can go through them one-by-one.
#1: Limit Your Contact with Trigger Products
When you know that in this particular area you spend more, then you can avoid them. No matter, if you visit the grocery shop, then prepare a list. Make sure you follow it while purchasing things.
#2: Do Not Carry More Than You Need
When you have more money, then you will spend more. So the best way to avoid it, carry less money.
#3: Take Accountability Partner
Whenever you go shopping or another thing, always take someone strict with the budget. It could be anyone, and it may be your parents or spouse. They will assist you to control this habit and will help you to stay one path.
#4: Saving Should Be Your Priority
Many incidents occur, like job loss where you need money to deal with the situation or finding the next job. Conversely, there are options, like unemployed loans that we have mentioned earlier can help you. But, saved money always gives you motivation and make you secure from inside.
These four steps through which you can get rid of spending trigger habit. But, it will take time because here you have to fight with your thoughts. It needs constant practice and efforts. If you will able to stick to it, then you can achieve it.