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Stop trying to keep up with the Jones’s
Thursday, August 30th, 2007The Jones’s may be drowning in more debt than you can imagine.
Trying to keep up appearances is little more than a costly illness. You cannot judge someone by what they have as you don’t know how they got it. Maybe they are financed up to the eyeballs and are in misery worrying about their debts.
Your spending decisions should not compromise either your own or your family’s long term financial security. Do not concern yourself with getting one over on Bob from next door as his television is only 42 inches.
There is no such thing as being materially complete. When you’ve bought everything on your current wish list, you’ll have thought of something else you can’t do without.
Giving into sort term gratification can be the root of long term debt misery.
Maturity is often defined as the ability to delay gratification, so keeping up with the Joneses is very immature.
My take on this issue is that there is no point having a Mercedes on the drive if there is nothing in the fridge.
Feel that you are in this cycle? Call me direct on 0161 905 8813 for free advice.