Have you ever seen the staples “easy button” commercials? In case you haven’t here is one I found on YouTube.
Now besides that making me laugh even years after I first saw it, it really shows the way people feel about life.
They want a button that can be pressed for them to get what they want.
You’re the same way in some respects, when you search something in Google, you want the results NOW. You don’t like waiting, in fact Google even tells you how long it took (About 19,800,000 results (0.28 seconds).
We have become a society that wants things now, our finances are no different.
How People Treat Their Finances Like An “Easy Button”
Many people get into debt feeling they deserve things now.
“I’m going out this weekend I need it to relax, I don’t have money so I’ll put it on the card now and pay it later.”
“I need a new computer, this one works but I need a new one. I can buy it now and pay it off a little every month until I finally own it”.
Our cars are the same way, most of the time people buy cars the question they ask isn’t “how much is the car?”, it’s “how much are my payments?”.
Some people go into debt because they either lose a job or someone in the family does. Forcing them to pay bills with credit (note that if a emergency fund was in place they would have another option. That however, is a topic for another day)
Whatever the reason for people’s financial woes, when they come to realize the situation they are in how do they try fixing it?
Yet again, they want it “now”, they want a shiny button to push that will fix all their problems.
Buttons People Press To Get Out Of Debt
People apply for cards with 0% interest on balance transfers *raises hand in guilt* but then max out the cards they just transferred the money off of *raises hand in guilt again*.
Some do the same thing with consolidation loans. They get the loan giving them just one monthly payment, causing them to have that “now” feeling. Then they put things on credit again thinking they need something now and that they will pay it off in the future.
So, how do we fight off this need for “now”?
Fight The Feeling Of Now
First we need to acknowledge a few things. We didn’t get into debt over night. Odd’s are that you didn’t go from no debt to thousands in debt in a single night or weekend, though possible.
We also need to acknowledge that, we alone are the problem and we alone are responsible for fixing it.
Next we need to discover what is causing us to miss the mark, to “need” to use debt.
Do emergencies seem to always come up? Build an emergency fund.
Do you need the newest gadget? Save for it.
Do you want to go out with your friends? Invite them over instead of going out.
Do you need to impress that significant other with a nice dinner? Have a nice home cooked meal, the ability to cook is much more impressive than going to a restaurant.
Any one of these could be the problem, or maybe it’s a combination of all of them.
Whatever the case is for you, start looking into the cause of the problem. If you are looking for any type of “magic button” that would be it. Once the cause of the problem is dealt with, then the debt will almost seem to melt away.
Take the steps now, there is no shortcut, there is no “magic button”. Start a debt repayment plan, start some side hustles, and have fun. Life is much more fun when you realize that their are no magic buttons.
Image courtesy of Stuart Miles at FreeDigitalPhotos.net