When you have money burning a hole in your pocket
How do you keep hold of it instead of spending it all?
My problem is that the minute I have anything more than the bare minimum, I start thinking about upgrading my gear - computers, camera equipment, lighting, etc…
These purchases would improve my quality of life but they wouldn’t impact my business in any meaningful way - all my basic needs are well covered.
So how do I break the habit of a lifetime and learn how to be comfortable with a decent bank balance?
Maybe invest right when money gets into your bank account? It would be "harder" to sell things to spend money.
I ended up making a deal with myself: "I can't buy a 'big' thing until we've moved house or after 2 more months' revenue payments". I think this will level out the noise of good months (excitement, overspending) vs bad months (wishing I hadn't bought so many things).