Research done by Princeton University has proven that the more energy one spends on saving resources, the faster poverty will take over. It means that tightening belts in order to fight being poor won’t help. This article will tell you about the other side of thrifty lifehacks and about where the border between thriftiness and being dangerously stuck is.
- We’re not talking about situations where incomes decrease due to insurmountable problems. We’re talking about able-bodied people who make ends meet and who continue to scrape the bottom of the barrel for years. The latter is not a sign of someone’s attempts to overcome a crisis, but a sign of accepting poverty as a norm. We at smartzune.com learned that this tendency is dangerous for several reasons.
1. The necessity to tighten belts might take a lot of time, while your income will barely cover basic needs anyway.
Let’s get back to the publications from Princeton University. According to scientists, satisfying basic needs with a meager budget is hard mental work. Almost all your effort goes toward fighting the consequences of poverty and not its causes. To put it simply, a person gets so exhausted that they don’t have the strength to raise their head and find a way out. Poverty increases poverty. It’s a vicious circle.
Apart from the eternal feeling of tiredness, there is also one more issue — a chronic lack of experience. Let’s say you could use your energy and time differently:
It seems that the amount of work in both cases is the same, but the second option will echo with a bunch of issues in the future. All because by adjusting to the situation, a person doesn’t have a chance to develop and it’s unlikely that a person can consider this enough of a skill to put it on their resume. It will all be followed by an emotional burn-out and the absence of a perspective in a person’s professional field. The vicious circle continues.
- But where should someone start? At least part of their time should be spent on strategically important changes. For example, looking for a more profitable activity or a side job.
- Eliminate the cause of the problem, which is the lack of funds, and earn enough for a piece of meat at a restaurant or a dinner in a cafe.
- Adjust to the situation and learn to turn leftovers into something edible.