Never Entertain The Feeling That You Deserve Something
At some point, when you feel like fulfilling your dream vacation or must-haves, the tendency to justify your actions is thinking that you deserve such. However, as you set your goals to become debt-free, you must bear in mind that you don’t deserve these things at this point in your life. Though it’s fine to at least compensate yourself with small rewards, you must still stay focus on your financial goals, which is to pay down your debt.
Today we will tackle how critical this line of thinking is and how the word “deserve” misleads you towards your goal. In this article, you’ll find out how your mentality affects or delays your goals or your purpose.
The Origin Of The Word Deserve
The word “deserve” comes from the Latin Word deservire, which is referred to as to serve well. The meaning is later modified to something such as to earn a rightful claim by doing something that is later converted to a more advanced perception of having earned a claim into something.
Where You Can Go Wrong With Deserving
Let’s not deny it, we’re all good in persuading ourselves that some things are right. In terms of convincing ourselves to buy something and justifying our actions, we’re all experts. However, the big issue in using the word deserve is that it doesn’t actually imply nor mean a thing.
In your job, surely you are bound to do some task and perform responsibilities, this, in turn, is being compensated. As you agree to this, we can fairly say that you deserve the compensation you’re getting. To see it another way around, if you have completed the task and then you’re just being offered for 50% of your paycheck for the agreed amount, you would be fairly upset granted that you deserved more.
The Reality Of What You Deserve
However, this isn’t the situation that normally occurs. What truly happens is that we continue to convince ourselves that, for some inexplicable reason, we deserve more than what we get. For instance, you might have perceived that you’ve been working day and night and hence you deserve a new entertainment showcase as a reward for your hard work.
Perhaps, you might consider the idea of getting a vacation for your dream trip or destination. The absurd thing about this sort of mentality is that instead of getting the reward from others, somehow you reward yourself. You’re adequately granting yourself an incentive for a job you’ve fulfilled though you don’t have the money to afford it.
Keep In Mind That You Don’t Deserve Anything
No matter how much persuasive or passionate you are towards earning more money, rewarding yourself and justifying that you deserve such is a foolish idea. This is especially true, when you don’t have the money to afford such.
Moreover, planning to go for a vacation or even saving a percentage of what you earn to get or acquire the very thing that you think you deserve is more tolerable. This means you are working your way to earn more money for the purpose of saving and not because you’re compelled by someone to do so.
Rewards Are Great
If you’ve been diligently working to settle your debt and pay it down as fast as you can, it is significant that you also set milestones and rewards. Well, of course, it shouldn’t be extravagant that you can’t afford but it should be right within your means. Besides, it would also help if you consider the idea of minimalism to at least get the jest of avoiding yourself towards unnecessary spending.
Instead, you can treat yourself for a cup of coffee from Starbucks after you pay down your first debt on your list following the debt snowball. Whatever your plans are and how you execute your action items, everything has to be well set and scrutinize. Surely, it wouldn’t hard to reward yourself each time you knock down your debt, but you must still be mindful of how you’re going to do it.
CONSUMER PROPOSAL EXAMPLE
Example Unsecured Debts
|2||Credit card 1||$6,812|
Your Monthly Repayments Would Be
a Consumer proposal $748
(total contractual repayments)
a Consumer proposal $295
(total contractual repayments)
* Subject to creditor acceptance
* Payment subject to individual circumstances
* Credit rating may be affected
* Fees apply, subject to individual's circumstances.