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Old Apr 09, 2010, 06:06 AM
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Yoda Yoda is offline
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Member Since: Oct 2006
Location: Appalachia
Posts: 9,968
If your spending is not getting you into debt I don't believe your spending is a problem.

I like to buy things too. When Estee Lauder or Clinique had their bonuses I "had" to buy something because it was such a good deal and I deserve nice stuff, right? That was not a problem for a long time but about 2003 or so I started collecting model horses (one is my avatar). At first I bought inexpensive horses that cost less than $50 and I only bought them once in awhile. Not a problem. But I found several sites on the internet where they were sold and started wanting nicer horses. I bought one that cost $100 and said wow that's a lot of money for a horse. But still not a problem because I was not spending myself into debt. I spent more time online looking at the horses and I saw some horses that cost $400-500 and thought who would spend that much on a twelve inch tall horse. Within a few months I bought one that cost $400 but the seller let me pay $100 per month until it was paid in full so still not a problem. But it became a problem. I saw a horse on ebay that I loved and it cost $600. I won the auction. The next day a man came and knocked on my door and said I needed to pay $600 for my overdue electric bill or he would have to turn my power off. I had just a little over $600 cash in my purse. I said turn the electric off and drove to the post office and bought a money order for the horse and four days later I had my horse but no electric. I didn't care I was happy because I had my prized horse. I was beginning to have a problem. It got worse and worse. One weekend I spent an entire month's income on the internet to buy three horses. For six months I did not pay my mortgage because I wanted horses more. At my worst I spent $2500 that I took from my retirement to buy a horse. A plastic horse! $2500 is more than I make in a month. I was very lucky that my farm is owner financed because a bank would have foreclosed and I would have lost everything. Finally I got a letter saying if I did not start to catch up on my mortgage they would be forced to foreclose. I was shocked into depression and had to be admitted to a psychiatric hospital. When I came home I started paying my mortgage and I bought fewer horses though I still felt compelled that I must have more and better horses. The last couple of years have been better. I bought only two horses in the last two years and spent less than $100 on each and I commissioned artists to custom paint two horses in the past two years which cost about $300 for each.

That is my story of bipolar manic spending. It does not sound like you are in trouble yet but if you start spending like I did you would then have a problem.
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The purpose of life is not to be happy. It is to be useful, to be honorable, to be compassionate, to have it make some difference that you have lived and lived well. anonymous