Mindstate Motivation Blog

A Drunken Sailor

b2ap3_thumbnail_MP900341636To make my point in this post I did a little online research and came up with a clear definition of the term referenced in the post title.  That said, the Urban Dictionary defines  the meaning behind the term, “drunken sailor,” as:  ‘To spend a lot of money at any one given time; taken from the fact that sailors, while on shore leave, used to spend all of their money on whores and alcoholic beverages.’

Your reality is you can’t spend your money and/or use up your assets like a drunken sailor.  The temptation to do so, however, is ubiquitous!  That’s the bad news.  The good news is you can remain temperate in your spending by following just a few tips.

  • Whenever the temptation to spend excessively strikes you, ask yourself: Is this a want or a need?

o   If you truly need it, find a way to appropriately buy it.

o   If it’s a “want,” defer buying until you have saved the cash specifically allocated to buying that particular “want.”

  • Establish and manage your finances to a well-defined budget.

o   If you’re tempted to spend, check your budget situation and defer buying until it fits within your established budget guidelines.

  • Make “want” purchases only with cash…never on credit!
  • Steel your mind to a level of self-discipline so you will live by the above tips.

If you do all of the above, you will live as “sober as a judge” and never suffer the financial miseries of a “drunken sailor.”

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