Managing your money has a lot to do with control. It helps to feel in-charge of your financial plan, even if that plan includes paying off debt. Stephanie of Six Figures Under says she avoids the phrase “I can’t afford” for precisely this reason.
Picture: Dan Moyle/Flickr
The phrase "I can't afford ___" has always been an awkward one for me. I avoid saying "I can't afford ___," not because of what it reveals about our finances, but because it's negative, makes me the victim, and solicits financial advice. I also think there are psychological benefits of changing what you say.
Instead, Stephanie says she chooses to say, "I don't want to spend money on _____." Words can have a big impact on your mindset. And, as we know, personal finance has a lot to do with your mindset. Check out Stephanie's full post for more detail.
Why I don't say "We can't afford that." [Six Figures Under]