If you think that you have no right to enjoy life while you are in debt, you’ve got it all wrong. As you are going through your debt relief program, you have every right to buy the fun things that you want – but only after consulting one tool: your budget plan.
Frankly, you cannot afford your old lifestyle anymore. Your budget plan will tell you that. As long as you are still in debt, you will have to alter how you lived your life. In fact, if your old lifestyle got you into debt, you need to change that permanently.
However, do not equate change negatively. You don’t have to stop enjoying life. What you need to do is to find the economical versions of what you used to enjoy doing. It all boils down to analyzing what made you enjoy those activities. For instance, if you love eating out because you don’t want to eat in your dining room all the time, you can pack your lunch in a basket and eat in the local park. If you love socializing, you don’t have to go to a cafe just to hang out with friends. Use your backyard and invite friends over for a barbeque. Get everyone to bring contributions to the meal. That will keep spending to a minimum.
But before you finalize what you want to do to enjoy life, you should look at your budget first. Your budget will hold the details of your current income, your expenses and the debt payments that you are obligated to pay for. Concentrate on your expenses to see where you can save so you can make room for more fun things.
If your expenses had been exhausted, increase your income so you have extra for the fun things in life. Work on a hobby that can allow you to sell the output. Or if there is a skill that you want to hone, spend time on that and sell whatever output you come up with. You can also set up a passive income online. If you earn anything extra, you can use that to finance the things or activities that will make you happy.
Bottom line is, your budget will provide you with an amount that you can spend on the “fun” activities that you want to do. If you want something badly and it costs a lot, save so you can afford it.
If there is anything that this situation can teach us, it is this: the root of happiness does not really lie in the things that you buy or spend on. It lies in the sense of fulfillment and purpose that you have in your life.
You may not believe it right now but those going through a debt program can attest that there is a certain amount of satisfaction and fulfillment as you see your debts getting smaller. Use that to fuel the happiness meter that you think the “fun things” provided in your life.