Do not beat yourself up

The first thing to keep in mind is that no one is perfect. I write for this site on a weekly basis, offering tips and clues to help you along your chosen path. I would love to pretend that I have never made an emotional purchase, but there is no sense in lying to you. It happens every five to six months, no matter  how I fight it, somehow I end up rationalizing an excessive purchase. The purchase is followed by rationalization and self negotiation, like I can skip this in order to cover that. If I gave into that thinking, I would soon be dipping into areas of my budget that can not be borrowed from and risk losing control of the whole process.

How does this happen?

These emotional purchases can happen simply because we have overloaded ourselves doing the right thing. You could have a great budget, but decide to add a second job or a bit of overtime in order to pay something off. While either is a wise way to pay off debt,  we can exhaust ourselves. When we are exhausted our brains become overloaded and we can lose our ability to make the most rational decisions, allowing our emotions to take over. Hence, doing the right thing, budget wise, can lead to budget destroying emotional purchases.

What can you do?

The best way to avoid these purchases is to add to your support system. Is there someone whose disapproval you try to avoid? Is that aversion strong enough to help you control yourself? If so, you can call them when you are shopping or add them to your credit cards as an authorized user. If you know that they will be able to see your purchases online and question you about them, the aversion to their disapproval may help you rethink some of those purchases.

Personally, I do not have someone like that, so I rely on self-talk. It has been several years since I was drowning in credit card debt, yet I still do not carry them with me. The cards are five hundred paces from my back door. Those five hundred paces are very tedious and aggravating when I am doubting the need for making them the whole time. Frequently, the walk gives me enough time to talk myself out of using the card. The system is a good one. The only flaw is that I am human, but each time I use my card makes me work harder to avoid it the next time.

BMW is encompassing more and more countries as their new factories begin to blanket North America in their latest expansion. There can be no doubt the competition is high in spite of the thousands of jobs that BMW brings when it creates a new car factory. Since 2008, a study by USC’s Moore School of Business sets the annual economic impact of the BMW plant in South Carolina at $8 billion dollars, along with the creation of more than 8000 jobs. This has been a staggering boon for the state’s economy, especially considering how far it outpaces original estimates from 1992, when BMW expected to create just 2000 jobs with a capital investment of just $600 million. South Carolina is second only to California in exports to Germany, and 70% of these vehicles are shipped out through Charleston, further boosting the state’s economy.

South Carolina Department of Commerce Secretary Bobby Hitt largely credits BMW with helping transform the state’s struggling textile-based economy to serious manufacturing hub, with more than 250 automotive-related companies, 40 of which are in BMW direct supplier system–employing another 22,000 workers. Plans to build a third factory on the 1200 acre site to manufacture the BMW X7 luxury SUV would only further bolster the region’s economy, though nothing has been confirmed as yet.

Read more here:
https://www.islandpacket.com/2014/03/26/3025526/bmw-has-transformed-scs-economy.html