Splurging usually leads to an off-track budget and debt lurking around the corner.
Dallas, TX (PRWEB) July 14, 2014
Debt Consolidation USA shares in a recent article published last July 9, 2014 how owning a pet can teach consumers good financial habits especially for single people. The article titled “Tips For Singles: Financial Habits You Gain As A Pet Owner” discusses how having a pet can benefit single people in getting a good practice run on their finances.
The article starts off by explaining how single people have lower expenses and payment obligations. They only have their own expenses to think about and are usually lower compared to married couples. Living expenses and other loan payments would generally be lower for single consumers. This can take away the urgency in properly managing the budget.
There is nothing wrong with enjoying life as a single person, but as with most circumstances, everything in excess can be bad for a person. Same goes for the kind of spending where splurging usually leads to an off-track budget and debt lurking around the corner. The article shares that one effective way for single people to start learning good financial habits is to own a pet. The lessons that can be learned from this experience can benefit the consumer in the long run.
One of the first financial habits a single person can learn from owning a pet is being forced to make wise spending decisions. Before going out on a fancy and pricey dinner or buying really expensive shoes, the consumer would be forced to think about the needs of the pet. They won’t be able to buy food for themselves or purchase the medicines they need to keep the pet healthy. The consumer would be forced to start saving part of their income for the pet.
The next lesson is learning commitment and responsibility. Having a pet will force the consumer to think not only of themselves, but of another living and breathing creature at home. Ingraining responsibility, the owner can use this to also be more responsible in making payments on financial commitments. It can ripple out to other financial areas of the person's life.
To read the rest of the article, click on this link: http://www.debtconsolidationusa.com/personal-finance/tips-singles-financial-habits-gain-pet-owner.html