|Posted: June 20, 2013, 5:07 pm - IP Logged|
Welcome, Frostednostrals, LOL cool name,
regarding your last paragraph,
could'nt agree more about the spending spree idea, seems to me that's the start of a bad habit.
I mean, how in the world would exercising something in your system, get it out of your system ?
exercising something will just make it stronger.
There is a huge difference between exercising and exorcising.
When you're given a certain amount of money to spend on things, it (apparently) curbs the need to overspend later on. It doesn't remove that need, but it helps to control it.
Allowing adults to spend crazily didn't make much sense to me when I first heard this.
I don't think adults with a windfall are any better at impulse control than a kid in a toy store. But it's all about psychology
Tell a kid they have $100 but it's all going in a bank and they'll resent they have money they can't use on what they want. Eventually they get access to that $100 & overspend; they're buying all the things they wanted but could never have.
Give a kid $20 of that money, tell him to spend it on anything that $20 can buy, he'll find something he loves and "has to have", and, for at least a while, isn't focused on the other 80 bucks he isn't to use. He will eventually, but in the interim, while he's busy with the absurd toy, that $80 is making interest he can spend when the urge to spend strikes again thus keeping the 80 safe.
Ask yourself why so many JP winners who start off with good intentions of no frivolous spending end up going broke just like the others who had no budget? Because 100% abstinance doesn't work. A live bomb always blows. If you can control the explosion, you can limit the damage.