If you think about it most people could do with so much less than they do. Why do you think that is? Do you think that people WANT to part with their money? Do they want to give it away to the cable company, or the store, or to the guys who manicures their lawn? We all realize that it is possible to live a just a few things as they did 100 years ago. Why do we feel as though we are entitled to have the latest a greatest things?
Do you always try to show your best feathers?
Pride. We like to have nice things. We like getting compliments on our new haircut or our new car. We like to have the nicest lawn on the block or have a new pair of earrings. But who is all that stuff actually for? Is it for you or so your neighbors will think that you are well off? Is it for your wife's parents so they will think that their daughter did not do too bad marrying you? Is it so your best girlfriends will think you are the cutest mom of the group? How about when you go to church? Are you dressing up in your "Sunday best" to glorify God or to look like the most put together family?
Contemplate why you spend money on things. By spending money on things we really do not need it sets us up for financial failure. Before you consider buying that new outfit think about who you are actually buying it for. It is not bad to have a few nice things. But when it becomes a need for you to maintain a certain persona or public image then it encroaches on your financial well being. Do you really need to spend that money or could it serve you better in your savings account?
Be a superhero - beat pride, your financial arch nemesis.