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Over consumption lifestyle is bad for your finance

Consumptive behavior can make your money slowly run out Buying something we want is fun, but is it what you need or because you bought it because you just wanted to and don't know what it's used for?

Steps Avoid Over Consumption Lifestyle

The lifestyle of excessive consumption cannot be separated from the modern, practical lifestyle.

This is of course supported by sophisticated technology that is developing so rapidly that it facilitates various interests and most importantly the existence of purchasing power.

The consumptive lifestyle is buying or using goods without rational considerations or not on the basis of necessity.

In psychology, this is known as a compulsive buying disorder (shopping addiction). Sufferers do not realize that they are caught between wants and needs.

On the one hand, the consumptive lifestyle and patterns provide pleasure and satisfaction both physically and psychologically.

But whether we realize it or not, a lifestyle of excessive consumption actually has a negative impact on financial 'health'.

Consumptive can be assumed as waste. Meanwhile, the waste itself can be interpreted as excessive behavior beyond what is needed.

When we still have purchasing power, consumptive behavior is fun, we can buy everything that is not only what is needed, but also what is desired.

Our over-consumption-lifestyle is also influenced by several factors:

1. Cultural Influences

The consumptive lifestyle has been embedded in the daily life of our society. The unique fact is, there are more people who just love to consume than to produce the various goods they need.

For practical reasons we prefer to buy what the market has to offer, even though there are still many opportunities to make something and get it into the market.

The consumptive culture of society is also closely related to our fighting power in doing business. If we prefer to work for other people without seeing work opportunities. Our mentality as individuals must be forged so that we are not only a generation of workers.

2. Lifestyle demands

Many factors influence a person's consumptive lifestyle, including work and social environment.

To be accepted in the work environment or social environment, a person will try to make the standard of living the same as the people around him.

For example, someone from the village who gets a job or gets a school in the city.

Because they don't want to look different, they finally start polishing themselves, from the way they dress, their behavior, to their needs. Eventually, the attitude of excessive consumption has the potential to emerge.

3. Get hooked on social media

The awesomeness of social media does not only affect young people.

Now, social media activities that are fun and time consuming have penetrated across generations. It's no wonder that from grandchildren to grandmothers each have at least one social media account.

Instead of just being used as a medium of expression and uploading status, it's good to use this media to earn income.

4. Thirsty to be recognized by others

For humans who are used to social life, there will definitely be a point when their basic needs have been met, they want to get recognition from others.

Want to be appreciated, be given attention to its existence. Self-recognition will lead to a consumptive attitude when people start spending money just to get recognition.

Whether we realize it or not, sometimes we ourselves buy something not out of necessity. But, because they want to increase self-confidence.

You will try to get original shoes from famous brands at a price of millions of rupiah, because they can increase self-confidence.

Consumptive attitudes come together with our desire to make our appearance beautiful and cool.

And most of this we get from foreign products, even though there are many domestic factories that make goods for sale on the international market with foreign-made trademarks.

5. Ease of Shopping

With the capital of cell phones and internet data, a person can spend a month's salary of work in less than five minutes without leaving his chair.

The ease of transactions that we now feel has an impact on the intensity of people's shopping which is increasingly frequent.

In the past, to buy a coveted item, we had to go around from one store to another all day long. There are even those who postpone it until tomorrow if they are not satisfied and haven't found the one that fits their heart.

Unlike now, it could be almost every day if there is still a balance left in someone's account to spend time shopping online.

Without realizing it, this behavior will become a habit and even settle into a character that is difficult to change or even eliminate.

If this is the case, imagine what will happen when purchasing power is no longer supportive? Of course financial “health” will suffer from a breakdown that can become more chronic with each passing day.

Especially in the digital era like today, the consumptive lifestyle is increasingly difficult to eliminate because there are many ways and it is easier to shop (shopping at online shops).

So that it is increasingly difficult to distinguish which one suits your needs or just your wish, especially since there are many discounts on offer.

You will realize after your monthly salary is always up and you can't save it.

So, if you are already consumptive, can this bad habit still be changed and improved? The point is that as long as there is the ability and will to control yourself, you can.

Controlling yourself from consumptive behavior seems still abstract. How is the realization?

Here are ways you can change a over-consumption lifestyle, aka extravagant:

1. Save money

You can suppress the over consumption lifestyle, if you start thinking about saving some money to save.

Even though it looks simple, not everyone can put their money aside for savings, especially those with a consumptive lifestyle.

Admittedly or not, many have not realized the importance of saving. Just awareness may already exist, but it has not been realized continuously.

Savings don't have to be large amounts. His name is also set aside a portion, so the savings fund can be taken as much as 5% or 10% of salary.

If this is done continuously, of course the value of savings will increase, so that it can become a reserve fund when you have a sudden need.

2. Make a budget

Cut down on unnecessary expenses and make a strict financial planning. Financial planning will hold back the appetite for shopping like crazy. Especially if some of the money has already been set aside.

The-expenditure-budget is one tool for regulating the flow of funds. In this context, of course, the main focus is expenditure planning.

Needs can include daily as well as monthly. Each expenditure must be arranged in clear posts.

Thus, the budget provided for its fulfillment can also be displayed clearly. Making a expenditure budget at the same time can determine expenditure targets.

Also make sure you have a certain target expenditure every day.

Making a budget is easy, but keeping it is hard. The temptation and the desire to buy goods beyond necessity always come your way.

For this reason, the ability to control yourself and discipline is needed so that the budget that has been made can be fulfilled. Instead of shopping, it is better to allocate the remainder of the budget to savings.

3. Needs priority over wants

It is important to understand that needs are not the same as wants and needs. Simply put, you need always need, while you need not always need.

The difference between need and want is very slight. When you want something, subconsciously, you will also think that you need it.

Thus, need has a higher "degree" than necessity or mere desire. Over time, you will not be able to distinguish between needs and wants.

To move away from excessive consumption behavior, prioritize needs. If the needs have been met, then the wants or needs can be met when there is remaining funds.

Not the opposite, fulfilling wants first and putting needs aside. When the funds run out to satisfy a desire, a need arises that inevitably has to be fulfilled so that one has to spend more.

Luckily if there is a reserve fund, if not then the solution that must be taken is to go into debt. Of course this condition is far from the goal of frugal life.

4. Don't buy stuff for one year

If you're ready to go to the extreme, commit to not buying new clothes or shoes for an entire year.

Doing this will give us time to enjoy what we have now and reconsider our needs.

5. Use a reusable drinking water bottle

Using reusable drinking water bottles prevents us from buying plastic bottled water constantly. Besides being able to reduce waste, we also save on expenses.

Even a number of well-known fashion brands have started to take part in this sustainable life step.

6. Consider buying used goods

Sometimes we don't have to always buy new things. Try looking at used items that may have a vintage style, as well as cheap prices.

More and more brands are updating their used products to return to markets such as The North Face, Patagonia, Levi's and Arc'teryx.

They still guarantee the durability of these old items. Buying used goods can be very risky. But, it's cheaper.

7. Switch to using sustainable materials

Merino wool is a clothing material with natural technology that is elastic, anti-microbial, waterproof, and can absorb water or sweat. The material that's manufactured to last this long is also very light and warm.

On the plus side, merino wool is obtained by shearing merino sheep, so it is cruelty-free and truly beneficial for the animal.

In addition, several products have also started looking for more environmentally friendly alternative materials, such as bamboo fiber, hemp and others.

You also have to be careful in choosing sustainable products.

Many products claim that they are adherents of sustainable living. Unfortunately, this claim was not accompanied by any concrete steps.

So, we need to be careful again in choosing products that really have the true meaning of sustainability. Does the product last a long time and what materials are used.

8. Buy products from recycled materials

More and more brands are reusing recycled materials and it's exciting to see what they can do. Adidas has done it with the Parley line of shoes made from plastic waste.

The brand is committed to only using recycled plastics by 2024. Their Futurecraft sneakers are also made from recycled materials and we can return them to Adidas so they can be made into other sneakers.

9. Avoid using credit cards

Some say a credit card is like a devil card. He is so easy to persuade and seduce consumptive behavior by overspending even for things that are not really needed.

Easy, practical, and prestigious. That's the lure that tickles human psychology, especially those who live in cities.

Without realizing it, the lure is actually tricky financially, because users will be burdened with bills for the amount of funds used plus interest.

Transactions with virtual credit cards without cash and just swipe as if to "hypnotizing" the user to shop and continue shopping.

It's just fun and comfortable when using it, but when you realize the large number of bills and expenses it will stifle your chest.

Shopping using a credit card is actually fine, as long as you have strong commitment and self-control.

For those of you who tend to follow your wishes, you should avoid shopping with credit cards and be wiser when using cash. That way, you can still control your expenses.

10. Reduce go to the mall

Walking in malls or shopping centers are fun, but it will be dangerous, if this becomes a habit, it will drain your pockets.

Why? Taking a walk in a shopping center has the potential to generate unexpected and planned shopping intentions.

When looking at an item that is displayed in a shop. The latest sneaker or clothes to your taste.

It could be that you are immediately interested and want to buy it even though there are no plans to buy it. It could be afterwards you go to a cafe or restaurant. Double cost.

Better to take a walk to the park while enjoying the weather or look at the plants to refresh our eyes.

11. Limit Online Shopping Site Visits

Maybe for some reason, or more practically through online. Visiting various social media sites and online shopping sites is indeed the most fun because it can get rid of boredom between your busy life.

However, who would have thought that this would increase your desire to shop? The worst effect is that you will buy a lot of unimportant items that you find attractive. Even though you don't need it at all.

Therefore, start limiting your visits to online shopping sites. Change to another job that makes you more relaxed, reads books, reads inspirational stories and so on.

12. Be careful with special discount offers

Special discount, this can be a trap for those of you who are easily influenced.

It's okay to look for discounts, but focus on the needs you want to buy first. If necessary, write on paper what needs will be purchased.

Unconsciously, this will lead you to consumptive behavior. Because, you think that with this discount, you can save more on expenses.

However, what happens if all the products you buy online because of those "special discounts" are not the products you need? Isn't that a waste?

Jump to the product or item. Don't look around. You can suddenly become interested in a product, even though the item is not on the list that you wrote.

Especially when opening social media, whether it's a friend, or your favorite artist is using the latest model. Just wow, and miss. Don't find out the price or what brand it is.

If you do that, the more interested you will be and the more you will want to buy it. Check your wallet and your goals.

13. Unsubscribe from newsletters

When newsletter notifications arrive on your cellphone, maybe unconsciously, at that moment you will be tempted to read the promo notifications further.

If you have a lot of money, chances are you will be tempted to buy it without thinking.

Deactivate your newsletter by unsuscribing the email or visiting the website directly.

14. Start investing

Start eliminating your consumptive lifestyle by starting investing from now on.

Investing is one way to avoid consumptive behavior while planning for a better future life.

What is the importance of investing? Investment can be understood as investment in a business or immovable property with the aim of obtaining future profits.

When you are no longer productive age, investing can save the life of your old age. Let's say you buy property.

If you don't want to use it for yourself, you can rent it to someone else so that you get a profit from the rent.

In addition, you can also enjoy property values ​​which tend to increase every year.

15. Start a business

For those of you who don't want to invest because of several worrisome things, losses, taxes, and excessive administrative costs.

Can choose to do business, owning a business does not always have to have your own building. For example, resellers, only enough to market the product.

Through social media, email, or creating your own website. Products that are sold are sent directly from the supplier.

This way you can cut costs, postage, and don't have to rent a building.

16. Careful buying goods

Expensive is not always good quality, and cheap is not always cheap. It seems that you need to apply this principle when buying an item.

Buying goods based on function will be wiser than based on brand only to support prestige. For example, a bag.

For most women, these items are very valuable. No wonder this item is collected by women.

However, why buy a bag with a price of hundreds of millions, even though its function is the same as a bag that costs hundreds or only tens of thousands. This behavior is of course a waste.

17. Charity

This one method is more about sharing, but it is no less effective for changing excessive consumption behavior.

By giving charity and giving charity means that you have shared with people who are not economically as fortunate as you.

The moral message, by giving charity, giving donations or donations to social institutions such as orphanages, nursing homes, or the poor, you have helped ease their burden.

Therefore, if you have excess funds, it would be better if you channeled it to people in need, instead of being selfish by wasting it for personal pleasure, even though it is your right.

If you are one of those who behave consumptively, it is better if these tips are applied as soon as possible.

Bottom line

For various reasons, the people's lifestyle of excessive consumption is unstoppable. However, it's time we also looked at business opportunities in the midst of all the opportunities that exist and the closest.

Then the finances will be balanced, you can even get more. If you can take advantage of this situation.

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