How to get past regret and re-build your bank account


Are you regretting the money you lost in addiction?

It is absolutely no secret that obscene amounts of money can be wasted on drugs and alcohol, and whatever else collateral activities wasted during states of addiction.  For most former addicts, the amount of money spent is unbelievable, and can cause a great deal of regret and time spent thinking about where everything went wrong.

Let’s start right now to get past this regret, as what happened has happened, and realistically we just spent a bunch of time in drug rehab figuring out where everything went wrong so there is no need to dwell on it further.  There is also no need to regret the money lost during our addiction, because there are some speedy ways to build that bank account back up. Start focusing on the re-build, not past loss.

We may have been living the high life at one point, and our back account was most likely in some higher digits than it is now. The difference between now and then is the money is not flying out the door as quickly, but there is a new struggle; re-building the bank account.  In recovery we know we were horrible with money, but now sober and clear minded, we have a certain obligation to make things go right.  Here are some quick tips to help build up that bank account.

  1. Get a savings account.  Sound too simple? Now deposit 15% of every dollar you earn. This is the single greatest lesson you will learn in order to re-build your bank account. If you make $100 today, transfer $15 into that savings account now. If you don’t start doing it small, you won’t do it when you have more. Also, some bank have a system that transfers left over change into a high interest savings account. Say for instance your debit purchase if $8.87, it will round up the change amount to the $10 milestone, and deposit $1.13 in that savings account. This is a fantastic way to build incremental savings, without feeling the savings pinch.
  2. Deal in cash.  When you deal in cash you have a better idea of how much you are actually spending.  Each pay check put a certain percentage into your savings account, deposit another percentage into your checking account for your bills that will be coming out.  Take that last percentage and pay yourself in cash, and use only cash for your day to day purchases.  You can even go as far as keeping a daily log of what you spent and where.  The point of all this is to get a full understanding of where the money is going, and not just using a debit card and credit card for everything.  This way you have the cash, and are not pulling money out of your account.  And yes you may be thinking a former addict with large sums of cash is not a good idea, but just realize you are past all that now, and that thought has no bearing anymore.
  3. Pick up extra hours, side jobs, or even a part time job. Deposit all of your extra earnings into your savings account.  This does take a lot of hard work and sacrificing time for other things you may want to do, but it pays off huge when you start seeing the money being saved and staying in your bank account.
  4. Become an internet vendor. Anyone can sell to a global audience today through the internet. We highly recommend you investigate Shopify , company that allows anyone the ability to deploy an eCommerce solution and access audiences on social media sites like Facebook. Here are 40 Success Stories using Shopify. We also recommend EtsyEtsy is another eCommerce website focused on handmade or vintage items. These items cover a wide range, including art, photography, clothing, jewelry, food, bath and beauty products, quilts, knick-knacks, and toys. Many sellers also sell craft supplies such as beads, wire and jewelry-making tools. All vintage items must be at least 20 years old. Got something old lying around, then Etsy’s for you.

It comes down to discipline and knowing your limits, not excessively spending and buying useless stuff you know you do not need, and being resourceful.  Financial responsibility comes over time, but starting to re-build your bank account is an excellent first step, one day at a time. This will prove that you no longer regret the money spent in the past, and that you can have money and save money; more importantly know that you can see your account grow into something you can be proud of.  Stop regretting the money you lost in addiction, and create something new for yourself.

Regretting the Money You Lost in Addiction? ©

Blog by: Nick Bruce Hayes