Six: The Kiss of Debt
Debt can feel overwhelming, especially when you see that you’re in debt far, far over your head. When you see balances that compare to your annual salary and interest being dumped on top of that, it feels impossible. What you need here is a plan – one that distinctly states what you need to do each and every month to move forward on that goal. It seems long and painful, but by having a plan and then utilizing every good thing that comes your way to further your progress towards that goal, you’ll find that it’s easier than you thought.
Seven: Love and Money
Financial dependence is a dangerous thing, especially outside of a marriage. If you have a relationship that isn’t based on a long-term commitment and you’re financially dependent on your partner, you’re in a precarious situation that you should avoid. If you’re in a relationship with unequal finances, do not adjust your personal spending to a higher level because there are more resources available because, when the relationship ends, you’re likely to continue those habits and find yourself in a big financial hole.
Eight: To Have or Have Not
Everybody wants some material things. The route to success is to have a grip on your spending habits (meaning you clearly understand how much you can actually afford to spend in a given month) as well as some sensible shopping habits (meaning, for example, that you shop for clothes first at consignment stores and low-end shops instead of heading to a shop where you spend $800 on a tank top). I achieve this by having an allowance, researching my purchases, and waiting around for bargains instead of “needing” something now.