Everyone knows the word, “entitlement.” Yet, we never EVER admit that we feel this way. We’re not entitled, right? For those who don’t know what this means, entitlement means that you deserve to have something. It often carries negative connotations because we all know that life isn’t that simple. We may know this, but do we really KNOW it? Do we know it in such a way that we can curb unnecessary spending?
Have you ever heard the excuse, “I bought this because I deserved it,” ? I know what you’re thinking. Yeah, I understand that people use this excuse to buy big TVs or travel to foreign places, but I really do work hard for my money and I deserve to live it up every once in a while.
I know you are thinking this way because I think this way. It’s that simple.
How Entitlement Influences Our Spending
Whether you want to admit it or not, the feeling of entitlement DOES affect our spending habits. This feeling of being entitled can result from a job that you hate or being around someone that you don’t like. Regardless of the cause, Americans tend to feel inclined to buy their way out of grief, despair, loneliness, or boredom. This is caused by the belief that buying things will make you happy. This the reason why most people go into debt. People rarely go into debt because they HAVE to. It’s a choice. You have a choice.
Recognize This Feeling and Avoid Debt
The next time you are wanting to splurge to make yourself feel better, ask yourself if you are buying this item out of necessity or the logic of entitlement.
Instead of telling yourself that you deserve it, ask yourself, “Do I really deserve to put myself in a poor financial situation?” This is what is really happening. If you let your emotions control your spending, you will find yourself in further despair because of your worse financial position. I say it over and over, but if you want to avoid debt and learn how to be debt free, it starts with being aware of the root of the problem.
Is entitlement your problem?