Thermostat vs Thermometer
So what’s the difference between a thermostat and a thermometer
A thermostat regulates the environment. Regardless of the surroundings or influences around, a thermostat keeps control of the situation. Thermostat stay in line.
A thermometer fluctuates with it’s surroundings. Depending on the environment the thermometer will react in accordance to it’s climate.
If you have a thermometer mindset, you may have a hard time staying financially stable. Keeping up with Joneses, Peer Pressure, Emotional Blackmail, overspending when getting a raise, or failing to downsize during a pay cut will all affect you if you are a thermometer. Your inability to stay consistent and being easily affected by outside influences will hurt your ability to properly manage your money.
When you follow a thermostat guideline, you are protected from any rainy days or outside influences. You are able to stick to your principles without entertaining outside factors.
Decide whether you want to be a thermostat or thermometer.
Originally published at www.afrugalathlete.com.