Putting money in its place as you grow older
You accept that money is a part of life, neither the most important nor something to be avoided. As PT Barnum said: ”Money is a terrible master but an excellent servant’. It takes resolve and daily reinforcement to rid yourself of non-stop spending or buying what you do not need.
It may be time to face the fact that you have emotional ties about money and that you want to reduce that dependence and move to managing your money and income. Start with any expenses over $5 and write them in a daily journal. Find out if you are living within your means or beyond your means. Looking after the ‘small stuff’ now may mean financial independence and freedom as you grow older. You may even work out what is important and that enough is enough to live well and meaningfully on less income. Create a financial reserve of 6 to 12 months expenses – go on, start your expense journal now. Discover your patterns and ways of spending and investigate any changes you want to make.
Posted by Helene Strawbridge on 25th July, 2010 | Comments | Trackbacks
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