Time to Stop Spending Money?

The phrase "stop spending money" may have been used to implore you to change your wasteful spending ways when it comes to personal finance.

You may have been told this by another, or you may have told yourself this in a moment of stern "self-talk".

Either way, it probably didn't work, did it? Many people don't know what "stop" means, just like many people don't understand what the word "no" means.

Stopping is hard to do because it ends all the fun.

No matter how satisfied you feel while on a spending spree, you'll need to consider that you might be a spendaholic, and you're just not going to take "no" (or "stop") for an answer.

If you would like to have any hope of frugal living and financial freedom, you must learn how to stop.

Allow me to define the word "stop" just in case it isn't clear. In a phrase such as "please stop spending money", the word stop means the same as it does in any situation. It means:

  • cease
  • halt
  • arrest
  • bring to a standstill

Pretend it's the police and they catch up with you on a shopping spree, and they holler out "halt". What do you do? Keep on going? Pause, and then continue? I don't think so.

See, you understand what "stop" means, but you just don't want to admit that the word might apply to you when you're spending money - because you have a problem.

Here's a cute example of misunderstanding the simple request to stop spending money. A friend of mine told his wife to "stop spending money", and she didn't. They had to declare bankruptcy and wound up in the financial "hurt locker" along with the entire family.

When she explained it one day, she said "I thought he meant stop, and then go". Oh, well, who would have thought such a thing? It was a clever cover story for wasteful spending that just couldn't be brought under control.

Hitting financial bottom was the only thing that got it under control. Unpleasant, but effective.

Here is another example for your amusement. Yet another friend of mine had a similar problem with his wife. She didn't understand what "stop" meant either. She explained it by saying: "I thought you meant stop spending money on me."

Yeah, right! The spending continued and a small fortune later, there were bankruptcy papers to file and appearances to be made in court, and a divorce followed as well.

That divorce thing doesn't stop you from spending money, it just stops you from spending someone else's money. Some people are bent on self-destruction, and they can take others with them. A divorce is sometimes the only way to legally get away from those "tar babies".

In yet another example, a couple had plenty of experience getting over their head in debt. It seems that both he and she were well practiced in spending more than they made. As their reward, they recently appeared on a television newscast that showed them in their new neighborhood and humble residence - a station wagon in a park.

How wonderful! Mr. and Mrs. somebody-or-other and their 4 year old daughter now live out of the back of a car with sleeping bags. This is a great and wonderful "learn by doing" experience for the whole family.

So, unless you're looking forward to divorce, bankruptcy, court appearances, overdue notices, bill collectors, and moving into the back of your car, my suggestion is to look up the word "stop" in the dictionary, and learn the meaning of the phrase stop spending money before it's too late.

You see, it doesn't just hurt you. It hurts everyone around you, and it's a "train wreck" for the whole family.

Stick to a program of frugal living - stop spending the money and start building wealth for financial freedom.

Done with Stop Spending Money - take me back to Paying Off Debt

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.

I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.

If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.