In the present day and age, it is easy to feel like you are missing out - especially when it comes to social media.  Every time we log into Facebook or scroll through our Instagram feed, we see friends and acquaintances going on epic vacations.  On top of their ability to satiate their wanderlust, they just bought a new house… and car.  They also seem to be attending social events almost constantly, and eating out at fancy restaurants every other night. Personally, I begin to grow a bit jealous when I see my old classmates and coworkers living the high-life - because I would love to do all of those things as well.  The problem is that I can not afford to do it all.  I do not have $217,000 sitting in my bank account.  My bet is that most people who will read this do not either.  So why do we torture ourselves with constant comparisons?

I believe we flaunt our adventures, social achievements, and fine dining experiences as a way to show our success in life to the world around us.  However, when we see the flaunted successes of others, it is hard not to think to ourselves, “If everyone around me is doing all of this, then I should be able to as well”.  This comparative way of thinking creates what is known as the ‘comparison trap’, and we all fall victim to it from time to time.  Looks can be incredibly deceiving. – remember this!  We do not know what is going on behind the smiles, nor do we have any idea what the bank accounts of our friends and acquaintances actually look like.  According to a recent Gallup Poll, 61% of Americans are in debt.  This is not including mortgages. They may not be feeling the financial hurt when the picture was taken but, unfortunately, they will be.  How do we break the cycle?

It all begins with honesty, and the willingness to tell and accept the truth.  The truth is not a bad thing.  It also does not have to be an indefinite reality.  If you do not know your current truth, you will never be able to begin the process of creating a new truth for tomorrow.  It is ok to say “I can’t afford it”.  Being able to make payments over a prolonged period of time does not mean you can afford it.  Do yourself a favor today by being honest with yourself so that you can enjoy more in the future rather than being stuck in a seductive financial trap.  I will leave you with a link to the SNL skit from 2006 titled “Don’t Buy Stuff You Can’t Afford”.