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How To Rewire Your Money Inhibitions
It was an event fourteen years in the making. Yesterday it came to an end. I paid off the remaining balance on my student loan. My loan was never a huge amount. I used it for additional career training (between jobs). I could have paid it off years ago but the interest rate was so low, I didn’t bother. Last month, the balance fell under $1,000. That number eclipsed a mental block for me.
“Screw it. I want to get rid of this already.”
It’s a telling signal. My balance dropped by $35 from the previous month. That symbolic threshold transformed my perspective. No longer was it a benign payment due each month. It became a pesky annoyance I had to expunge. And so I logged in and paid off the remaining balance.
Everyone Has A Number
The only thing that changed from one month to the next was that symbolic threshold. What if my threshold had been higher, say $2,000 or $5,000?
We all have money thresholds. For some, it might be $99 to $100. You’ll spend under $100 all day long but will torture yourself for weeks on a purchase price of $110. These money hang-ups are hard to overcome. They benefit you in some…
