Living a lavish lifestyle on less pay or living beyond our means causes the gap between the earnings and the lifestyle.
Now we find that in our society we have kids we never spend time with. Houses we never get to enjoy because we are always out trying to sustain this expensive lifestyle we have created
Unfortunately, this life style cannot be fixed by working more hours or more jobs or getting a credit card. It can only be fixed by being disciplined.
Credit card does not solve money problems
Most people resort to credit cards to try and fix the gap between the lifestyle and Income. This is just a temporary solution which fixes this month’s problem temporarily and then it escalates into next month and then it becomes a vicious circle of debt.
Working more hours does not mean more money
Most people think when you work more you have more money. My hubby and I have done this and came to the realisation that this does not mean more money. The income was huge in the bank account but guess what the expenses also increased. I mean necessary expenses like childcare which is one of the most expensive things in Australia and fuel etc.
Credit card takes away time from your family
It will keep you working many hours, many jobs and keep you away from your kids which is so sad. It will make you so grumpy and miserable because every time you are home you are so tired. If you are a parent, I am sure you feel me on this one. We all want to have a happy household, don’t we?
Debt steals away that romance with your spouse which you last had on your honeymoon. Do you remember that feeling, just after you got married?
Spending so much time together, holding hands, kissing etc. What happened to it? Now all you talk about is bills and reminding each other to pick the kids up. Complaining why the ironing is not done, the house is a mess is now the normal conversation. Just writing this makes my heart sink, marriage should be about enjoying life, together right?
Below I have some tips which can help you fix this problem, it will take discipline and commitment from you.
If you have no money in your account, do not use a credit card
I know this sounds crazy because you thinking I am using a credit card because I have no money. Yeah this is about discipline, why do something you cannot afford in the first please. If you have no money do not spend, wait till you have the money. Save money for the things you want to do, this is what we do.
If you are not disciplined with credit, pay your credit cards off and get rid of them
We were in debt after university, if you have been at Uni I am sure you understand what I am talking about. I use the term Uni for England, Australia but other countries like America use the term college. We worked hard paid all the credit cards one at a time. I didn’t want no debt consolidation of any kind. I just wanted to get rid of it. After we finished paying them off we cut our credit cards in pieces and burnt them in our backyard.
Make the Credit card benefit you
Did you know that companies look after their own interest but why can’t we people look after our own interest. For instance, my friend is money smart, she pays all her bills through by credit card. She then accumulates flying points to use when travelling. She makes sure she has the money in her account so that when the card is due she pays it off. That way she benefits from using the money interest free for 30days. She then allows her money to sit in her account for 30 days to reduce the interest on her mortgage as she has an offset account.
Run your own race
For instance when you buy a house or rent, choose what you can afford. You do not have to reside in the same suburbs or apartments as your friends. Do what you can afford and live within your means. When we were looking at buying a house, the deciding factor was the budget. Even though I wanted a beautiful home, beauty and budget were meant to go together. Trying to meet society expectations causes people to try to be what they are not to fit it.
Choose to set your own expectations which are independent of other people. See
6 reasons you should not live life according to society expectations
Lavish Lifestyle Beyond the Pay? -Tips to Find a Balance
Hope this post gets you started on fixing the gap between your earnings and your lifestyle. Above all get your marriage back to the happy state it was on your honeymoon and get to spend time with your kids.
Love & blessings,
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