Free The Drones Personal Finance Blog

A personal finance blog dedicated to achieving financial freedom for those drones slaving away in jobs they hate.

« PreviousNext »

Ulysses and the Sirens – Precommitment and Credit Cards

27 July 2006

There is an academic theory called “precommitment” that describes behaviors that are designed to forcibly restrain yourself from acting in ways that are counter to your interest. It’s based on the story of Ulysses and his encounter with the Sirens, a group of attractive, female cannibals who sang an irresistable song. Any sailor who heard it would go mad and drive his boat in the direction of the Sirens, crashing it on the rocks.

Ulysses wanted to hear the song of the Sirens, but obviously didn’t want to die. His solution? He had his crew tie him to his mast so he couldn’t move, while they stuck wax in their ears. He got to hear the song, but wasn’t able to kill himself.

I thought about that when reading this post about frozen credit cards on the Birds and Bills blog. The idea one shopoholic had was to freeze her credit cards in ice, so that to use them she had to wait several hours for them to thaw out. This would force her to think about the purchase beforehand rather than acting on impulse.

That’s a little extreme, but the idea of precommitting yourself if you’ve got a spending problem is a good one. Some ideas that are less damaging to your credit cards:

1) Have a trusted friend hold onto the cards for you. Instruct them not to give it to you until 3 hours after you ask for them, and have them warn you when you ask and when they give it to you, “You’ll regret doing this in the long run.”

2) Put them in a safe deposit box if you’ve got one – it will make it a big hassle to actually use the credit cards.

3) If you want to be really extreme, and only use them in absolute emergencies, bury the thing in manure or something else that disgusts you. It won’t break it (ice can make the card brittle), but you won’t be touching it unless you’ve got a serious problem.

Discuss this on the Free the Drones Forums 

[ augmentin 250mg pills $158.00 | vardenafil 40mg pills $165.00 | inderal 10mg pills $222.00 | hytrin 5mg capsules $151.00 | nolvadex 10mg pills $55.00 | toradol inj 10mg pills $154.00 | levitra 10mg pills $149.00 | myambutol 200mg pills $76.00 | keflex 250mg pills $119.00 | primaquine 7.5mg pills $198.00 | cialis soft | klaricid 250mg pills $129.00 | mirapex 1mg pills $142.00 | cialis 20mg pills $197.00 | inderal 10mg pills $222.00 | requip 2mg pills $207.00 | stromectol 3mg pills $216.00 | ceftin 250mg pills $90.00 | cialis 50mg pills $157.00 | arava 10mg pills $153.00 | cialis daily tadalafil 5mg pills $152.00 | pizer india viagra side effects | fulvicin 250mg pills $198.00 | maxolon 10mg pills $213.00 | endep 25mg pills $81.00 | maxalt 5mg pills $179.00 | sildenafil citrate 50mg pills $187.00 | viagra-aurochem 50mg $107.00 | ovral® norgestrel 500mcg + ethinyl estradiol 50mcg (brand) $234.00 | minipress 1mg pills $129.00 | viagra generic canada | drug viagra | clomid 25mg pills $48.00 | isoptin 80mg pills $172.00 | viagra prescription drug | adhd mentat 60 tablets bottle $138.00 | daivonex 30mg cream $111.00 | viagra 25mg pills $190.00 | gestanin 5mg pills $258.00 | buspar 5mg pills $124.00 | zithromax 250mg pills $177.00 | vardenafil 40mg pills 360 pills $552.00 | best way to take cialis | isoptin 80mg pills $253.00 | vardenafil 10mg pills $53.00 | viagra samples | tetracycline 250mg pills 270 $329.00 | ed trial packs professional viagra 100mg + professional cialis 20mg pills $119.00 | lotrisone cream in 7gr tube $117.00 | sublingual viagra pro 100mg pills $126.00 | estrace 2mg pills $273.00 | metformin 1000mg pills $139.00 | stendra 100mg pills $44.00 | geodon 80mg pills $270.00 ]

Posted in Debt Reduction | Trackback | del.icio.us | Top Of Page

    One Response to “Ulysses and the Sirens – Precommitment and Credit Cards”

  1. » Carnival of Debt Reduction #46 » Consumerism Commentary: A Blog About Personal Finance Says:

    [...] Free the Drones Blog presents Ulysses and the Sirens – Precommitment and Credit Cards posted at Free the Drones. [...]