Smelling the Roses

We’ve all heard the saying, “stop and smell the roses.” The meaning being, slow down and take the time to enjoy your surroundings. Generally this is applied to hard workers and since we’ve already established I’m not a hard worker, one might think this couldn’t apply to me. Correction, I’m a hard worker, just not THAT, hard of a worker. Make sense? Probably not, but we’re going to carrying on anyways. Seeing as I’m not an expert at working hard yet, I’m going to apply this quote to debt. Yay! If you spend your life living pay check to pay check, stressing about your bills, worrying about money, you’re going to miss life. Unfortunately, what I’m about to say is going to make me a hypocrite, but I need to say it.

Next time you find yourself about to use your credit card or buy something you cannot afford, STOP, and SMELL THE ROSES. In this instance it’s not about embracing the life around you but more so directed to what you are about to do. Really concentrate and take a moment to reflect on your actions. How is this going to affect your debt? How is this going to make you feel? Is this a necessity? Will this fix any of your current problems? How is this going to help you in the long run? If even one of your answers is no or has a negative response you should NOT being make that purchase. You do yourself no favors by lying or trying to justify the purchase either.

After you’ve walked away, try to focus on the positives. How much closer are you to paying off your debt now? How much more can apply to the bottom line? How are you feeling? I admit the feeling part is difficult, because when you’ve already tricked yourself into thinking you needed that particular item, walking away can be hard, but you’re a stronger person for doing so.

As a reward to ourselves for taking a step towards changing our lives were going to start a savings-on-a-whim box. All you need is some type of box, or even piggy bank, just make sure it something that you can glue, staple, tape, or weld shut. You can have zero access to the contents inside. Also, make sure it’s not clear.  When you arrive back home, put five or ten percent of what you were just about to spend in your savings-on-a-whim box.  It might sound silly, but seriously do this, money adds up over time. Especially when left untouched.  For anyone who is thinking, “Well, if I didn’t have the money to buy what I wanted, why would I have the money to put in a stupid box?” Here are some fast figures for you, 5% of $20 is a $1, and 10% of $50 is $5. You can see what I mean.  These figures aren’t going to cause you to go into further debt, but they will be a nice treat  for you when you get to open your box. Want to know when you get to open your box? Never! Just kidding, when you’re debt free! As long as you are dedicated and don’t cheat yourself you should have a pretty penny waiting for you at the finish line and all because you stopped to smell the roses.

Beautiful roses supplied by the BF ❤

 

One day at a time

D

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Savings! Savings! Savings!

Now we get to the good stuff, the stuff I know absolutely nothing about! YAY! This should be great guys, have no fear captain I don’t know shit about savings is here! Please someone more educated in the department of finances help my readers. I fear my rationality of picking stocks because their names are fun to pronounce is not a good strategy. I probably should’ve paid more attention in consumer education. I will try to help you with what I do know though. First being, there is no excuse not to be saving! Right now, if you’re current employment status allows it, you need to be putting aside at least $100 for savings. I’ve known this for years, but when did I finally start, a couple of months ago. I was one of these people,  I’d budget for my savings, it would sit in my checking account, then some deceiving judgment call would trigger and I would justify spending it at the bar or on an outfit for the bar. “Oh, I’ll just put double the amount aside next month” Lies! So stop! If you’ve had problems like me actually getting the savings into the savings account then set up an AUTOMATIC WITHDRAWAL, this is the good kind so it’s allowed. 🙂 With the help of a friend I chose Discover Online Savings Account (see link below). Just make sure to always account for the money being taken out, budget around it. You received X amount of dollars on the 30th, budget yourself on there being $100 less. Overdraft fees are no fun and can quickly add up.  Another savings option and probably the most valuable least taken advantage of is the mighty 401k. If your employer offers this, CONTRIBUTE, CONTRIBUTE, CONTRIBUTE! I cannot be clearer on the subject, this is money you cannot access until you are 65, it’s what I like to call “if I can just make it to 65 I’ll be rich” savings plan. Well I won’t actually be rich but I will sure have a lot more money than if I had never contributed. So please folks please take the time to plan for the future. Believe it or not, as long as we take the steps to change, this debt will only be temporary and when you come out of this little slump you’re going to want to come out on top and I want you there too.

Savings = Happiness

D

http://www.discoverbank.com/online-savings-account.html

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