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Why You Should not Compare Your Finances With Others’

I remember when I was in university, there was a girl who was working, studying and had her own car. There I was –  studying full-time, and I was unemployed with no car. I had a conversation with a friend and expressed my wish to be like that girl and have a car. But now that I look back, I know that you shouldn’t compare your finances with others’.

What you should be doing is monitoring your own financial situation and find ways to improve it. If you’re contented then you should keep doing what you are doing. But if you’re longing to be in a better place, time should be spent working on improvements.

It’s hard for me to say this especially because I find this difficult to do. Instead of complaining about the state of your finances, you need to come to the realization that there are people in worst situations. This is not an excuse for you to relax your efforts, but just an eye opener and motivation for you to keep trying.

When you compare yourself to other people, you are looking at the outer surface. It’s like judging a book by the cover. Everything looks good on the outside, but the inside might not be so rosy. You just don’t know what someone is going through to be at the point that you see them at. Furthermore, people shouldn’t be judged by how much money they have or the size of their home or the type of car that they drive.

Don’t worry about how other people’s finances and please stop comparing yourself to them. I often give advice on this blog about saving, cutting back on expenses and a whole bunch of other things. But the truth is that I know it’s impossible for each and every person to do these things.

If you’re focused on achieving the goals that you’ve set for yourself, you should not have time to compare your finances to others.