Red balance syndrome has to do with the inability to save money for future expenses.
It’s like the notes are flying out of their hands. When a person has little money, they start thinking about how they’re going to spend it, it’s like you have to get rid of your winnings as soon as possible to stay at zero.
- This behavior is called red balance precisely because when looking from the outside.
- It can give the feeling that the goal is to always live to the limit.
In this case, we’re talking about a chronic inability to save. Those with this syndrome do not support the idea of having money saved and therefore spend on unnecessary or irrelevant things.
On the other hand, experts say that savings are a fundamental factor in improving quality of life, especially for those who do not have high incomes, that is, when little is earned, the habit of saving makes a difference in terms of quality. life.
It sounds contradictory, but it’s true. Savings, by their meaning, is a form of control over our lives, especially in relation to the future. Red balance syndrome goes against this idea.
Beware of the small expenses, can a small hole sink a ship?-Benjamin Franklin-
A healthy relationship with money is one in which there is a balance between what you earn, invest and spend, which also includes knowledge of spending priorities and a medium- and long-term view of the financial situation.
When all these variables combine rationally, we can talk about a healthy awareness of money.
In red balance syndrome, on the other hand, the outlook is mixed. The characteristics or symptoms that define this condition include, but are not the following:
When more than two of these characteristics occur you can talk about red balance syndrome, in this case there is a somewhat neurotic relationship with money, perhaps it has become a kind of veil that covers other problems.
The dilemma that exists is: consume today or save for the future?Awareness of savings exists only among those who settle for the future.
The accumulation of money across the economy seeks to raise resources for future projects or to rely on support for potential contingencies that jeopardize finances.
This means causing frustration today (not spending money) for the future good (larger projects or minimizing risks).
For people with red balance syndrome, the future is an imprecise issue they don’t think they can control or don’t want to have it on.
Thinking about the future also means thinking about a life project, and not everyone wants or can’t do it, in the end this leads to an important question whose answer has important consequences.
Saving money by saving is also a way to “settle down. “This means taking root, choosing a benchmark to grow and evolve. This represents a desire to build that not everyone has or does not want to have.
The problem is that, whether we like it or not, our economic actions determine the resources that we will have in the future, even if we do not want to see that future, it exists.
Red balance syndrome, or managing finances without focus or perspective, is also a form of escape. Perhaps we are living in a gift in which we feel deprived of moments of happiness and make up for it with the fleeting pleasures that the purchase brings.
Or we may simply have no idea where our life is going, and spending money will help us disguise that concern, in any case this type of behavior has consequences that are usually paid for with anxiety, debt and therefore less control over one’s life.