“WHACK-A-MOLE” FINANCIAL DECISIONS
A good friend told me the other day that she rarely thinks about money until it pops up in the middle of something else – a conversation with her husband about birthday gifts, a decision whether to get a hair cut at her favorite salon or the inexpensive one down the street, a discussion with her daughter about extracurricular activities. When it “pops up” in those circumstances, it’s almost always a source of tension.
Reminds me of the kids arcade game “Whack-a-mole”.
Do you remember it? You hold a hammer, and each time one of the moles pops up out of its hole, you “whack” it back down as quickly as possible. Only problem is that the moles become speedier and speedier and sometimes jump out 2 at a time.
Financial decisions are a lot like that – they “pop up” in the middle of an otherwise pleasant and smooth sailing day. Short of going to Home Depot to buy a “whack-a-mole” hammer, how do you keep those decisions from bringing stress and tension to your day?
One of the best cures for “whack-a-mole” financial decision making is to make the decision before the decision. Dave Ramsey calls it “giving every dollar a name”. When you make the decision ahead of time, you’re free to determine your priorities and passions, free from the “in-the-moment stress”. You can make sure that your dollars are moving you forward rather than pulling you along.
[Photo by Kenneth B. Moore on Flickr]