How I Killed My Financial Biases and Freed Myself Financially - youramericanmoney
Author: Michelle
Description: I will admit it now, I used to be so grossed out when thinking about wearing used clothing. I had all of these crazy thoughts about the person who wore the clothes before me. Ewww. And, I just remembered when I was younger having to shop at KMART and wearing those plastic boots to the…
Date: 2017-02-27T10:00:00+00:00

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# How I Killed My Financial Biases and Freed Myself Financially

posted on 27 February, 2017

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I will admit it now, I used to be so grossed out when thinking about wearing used clothing. I had all of these crazy thoughts about the person who wore the clothes before me. Ewww. And, I just remembered when I was younger having to shop at KMART and wearing those plastic boots to the private school that I was attending at the time.

Yep, I was super self-conscious.

During my financial journey I’ve discovered that like many people, I had a number of financial biases that kept me from achieving my financial dreams. Let’s go through them to see if you have experience with them.

- Used clothing-for the longest time I just associated used clothing with being poor. Fortunately, I’ve gotten over that bias and love that used clothing allows me to be kind to the earth and to save a TON of cash on clothing. I don’t look any different and I get a ton of compliments on my fashion sense 🙂 What changed? Well, I changed and I also did a one year No Shopping Challenge. Once you stop shopping for clothes for a year, any new clothes you get are fantastic. Also, once I discovered a system for shopping for used clothing that DIDN’T look used-I was hooked!

- New Cars-fortunately, this wasn’t a huge bias for me. BUT, I did think for the longest time that I should purchase a much newer car in order to be safe on the road. I ended up buying a 2000 Nissan Protege for $1500 cash and I am in LOVE with this car. It’s a great little car and runs like a dream. I do focus on basic maintenance and treating it with love but that car is awesome. And, it has only 137,000 miles on it. My goal is to drive that thing until it hits 225,000. Seriously. I also love that it’s a paid off car. My experience has been so positive that I don’t think I will ever own a new car. Nope. Not going to happen.

- Food that’s “expiring”-You know. The whole best sold by date, or best eaten by. I love, love, love the deals that I get on those food items. I’ve yet to get sick off of them and by purchasing items closed to the sell buy date I consistently save around 30-70% on different food items.

- Posh vacations-I always wanted a posh vacation. I’ve always ended up going to posh places but for little to no money. I am totally excited to try Business class…but, have decided to resist for as long as possible because once you go business you never go back. Ahem. I’ve also discovered that everyone’s opinion on what’s a posh vacation is different from everyone. For me, it’s all about location, location, location.

- Practicing Self-Control-This may be a weird one for a financial bias but hear me out. We’ve been conditioned that we will miss out on something special if we don’t buy it now. However, it has been my experience that if I say “no” when the time isn’t right to make a purchase that I’m still able to connect with an item or service that truly love in the future. It’s so weird but it keeps happening. So, I make sure to tell myself “no” when I’m about to make a poor financial decision.

What are your financial biases? Does dumpster diving freak you out? Used clothing? Or, using coupons? Is the idea of stocking up a pantry for a year a bit too the world is ending for you? Share!

Want to hear about ways I get more for less? Check out my closed Facebook Group. This week I’m going to geek out about getting great deals. No extreme couponing needed.

Join the 5 Days to $500 Dollars Challenge today!

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#### Michelle

I am an obsessive foodie, but not self-righteous with it, love travel, meeting new people, helping you look good, and am freaked out by people who don't enjoying reading...something! Grab a Perrier, read my blog, feel free to drop me a line! Hope to hear from you soon.

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### Comments

1. giulia says

   27 February, 2017 at 4:09 am

   Really interesting post thanks for sharing:D

   Reply

   - Michelle says

     27 February, 2017 at 8:42 am

     Thanks Giulia! Hope you’re doing well 🙂

     Reply

2. Tonya@Budget and the Beach says

   27 February, 2017 at 7:15 am

   Yeah I’ve never done the stocking up thing. I found that things just get pushed back to far in the cupboard and they never get used. I’m much better buying less but more often. Plus I really don’t have much space to store anything. I used to think I wanted a really pretty, manicured place to live with all the latest and greatest inside. Now I’m much more laid back about it. A home is what you make of it. 🙂

   Reply

   - Michelle says

     27 February, 2017 at 8:43 am

     I love stocking up!! BUT, I am very, very focused on using what I have or else the stuff gets wasted 🙁 Like you, I’m happy with what I have. Could it look nicer? Yep, but it’s still my cute little awkward place and I’m ok with it.

     Reply

3. Michelle says

   28 February, 2017 at 9:38 am

   I’m amazed by all of the new stuff that I find at the thrift store!

   Reply

4. Jason Butler says

   1 March, 2017 at 8:17 am

   I wish my car had 137,000 miles. I’m pushing 249,000! That will change though. Its time to get a used car with less than 100,000 miles.

   Reply

   - Michelle says

     2 March, 2017 at 7:34 am

     Jason, I bought that car for $1500!!! I love this car.

     Reply

5. The Frugal Prof says

   2 March, 2017 at 12:43 pm

   Good post.

   Posh vacations- I can relate.

   I just had a birthday and I thought I could go on a vacation, but I am so focussed on getting rid of my car payment and saving more money that I just couldn’t do it.
   I would love a trip, but couldn’t handle the credit card bill hangover.!

   Reply

   - Michelle says

     3 March, 2017 at 8:46 pm

     I am a sucker for posh trips but I have to focus right now.

     Reply

6. Amanda @ My Life, I Guess says

   5 March, 2017 at 10:01 am

   I don’t mind wearing used clothing, but I find the stuff for sale at Value Village (for example) is priced way too high to justify buying it. My mother-in-law has a best friend who’s a shop-a-holic, though, and I get a LOT of really good clothes from her – for FREE. So I certainly don’t mind that!
   We also buy about-to-expire food more often than I think the average person would. But, my husband is a cook, we have a vacuum sealer and a deep freezer, so as long as we either cook it or freeze it right away, we’ve had pretty good luck.

   Reply

   - Michelle says

     5 March, 2017 at 2:13 pm

     Nice! I love getting free clothes. I have yet to have a problem with about to expire food so I’m going to keep on eating it. I also have a garden so that helps balance things out.

     Reply

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