Skip to main content

Posts

Showing posts with the label Save

Why expecting a partner to "save" us is dangerous

I feel many people have a misguided sense of what a partner's role should be.  They assume a partner is there to fix their every problem, to complete them.  But this is erroneous thinking and could very well lead the relationship down a dangerous path.  Relationships can promote personal growth and help individuals fulfill their own goals. For example, your partner can help you become a better person by teaching you how to play the guitar; taking you to the local museum to explore immersive exhibits; and opening your eyes to new perspectives, like benefits of eating more veggies and less red meat.  The idea that a relationship can help an individual become a better person is a phenomenon termed self-expansion. Indeed, relationships that provide more expansion are tend to be of higher quality. But this needn't be mistaken with relying on a partner to allay your every concern, resolve your every dilemma, and continually boost your self-esteem.  We need to take res...

Why people hold on to the wrong person

Have you ever stayed in a relationship a lot longer than you should have? While hindsight is always instructive, many people would admit that they began seeing the red flags early on, but decided to turn a blind eye. But why would people do this? As I've noted in prior entries, people could do it for a variety of reasons, including: The fear of being alone They have a long history with the person There are kids in the picture Financial dependency A low self-esteem Fear of change/a reluctance to start anew  Beyond that , they think their partner has the potential to be a better person. This brings me to two mistakes I've touched upon in earlier posts that people with their heart in the right place tend to make: 1. They set their expectations of the other person too high. 2. They set out to help "change" or "save" them. The higher you set your expectations of other people, the greater the chances of being disappointed.  As ...

SHOCKING statistic about Americans

I recently read an article stating that 62% of Americans have less than $1,000 in savings. What's worse, 21% of them don't even have a savings account! Supposedly, Americans have been saving more since the global recession, but the stat above doesn't seem to bear that out. One of the most discussed topics on this forum is consumer behavior, as my background is in psychology and marketing. It's imperative that Americans -- and people throughout the world, for that matter -- practice saving responsibly. The best way to save money is by living below one's means. Spending hundreds of dollars on clothing and food every week doesn't help your pocketbook in any way,  especially if you have the tendency to run up your credit card bills and pay late. I'm not saying you can't treat yourself to a good meal here and there, but spending -- just like eating amd drinking -- should be done in moderation. As I tell many of my cash-strapped friends, sometimes ...

Want to have money? You'll have to do THIS...

The easiest (and quickest) ways to build wealth include winning the lottery, robbing a bank, or getting an inheritance. Since these methods are either unusual or flat-out illegal, we have to resort to more practical ways that involve a level of effort and judiciousness. Enter the practice of saving. Unfortunately, saving money seems alien to many people I know. No sooner do they get a paycheck than they squander it on expensive things they may not need, like $500 shoes or handbags. What's worse, some blow it in even more egregious ways (think booze, drugs, and casinos). I am a firm believer that every college student -- hell, maybe even high school students -- should be required to take a class on personal finance. Far too many of us go out into the real world not having a clue as to ways we can save money and why it's important to begin doing so at an early age. (The same goes for job hunting, which will be the subject of a future post.) Think about it: If you get in...