We’re all bombarded with tempting offers every day.
If we subscribe to all of the tempting offers out there, we wouldn’t have funds enough to provide for our daily wants like
food, water, rent, transportation – the necessary part of living.
It’s incredible how much we’re nickel and dime to death. Each one wanting a piece of our financial action. Each one
resenting the fact that their competition may have reached the mother lode.
They finally got to worm money out of pockets, purses, wallets, bank accounts and/or credit cards.
Have you ever scrutinized what they’re offering you in return?
A tax deduction from your charitable giving?
Nice of them.
What you don’t know that not one of them will stand there giving you hand-outs when you need them.
I know because I asked one charitable company once what happens when I run out of funds?
Their answer wasn’t too heartening to hear.
Mostly, because they couldn’t honestly answer that question without blushing or laughing.
To me, charity begins at home.
That means, ladies and gents, that you put money away for a rainy day.
In the 50’s it was called a Christmas account where you put in a fixed amount every week so that when that
glorious time of the year came about, you had the funds to support your habit.
Did you hear on the News that people were still paying their debts from last year’s buying of Christmas presents?
It makes you think.
Let’s take a look at this. You put yourself in debt for getting presents for your loved ones. The average ticket price
of debt is $1,000. That’s allot of money. I still have problems when I pay my company’s bills. One thousand dollars
is allot of chicken eggs.
I remember explaining money to my son. Simply put. Whatever you take out of the bank is less for you to spend
on other items that you deem important. On a credit card, it’s instant gratification.
It’s worse than that. People don’t actually see money changing hands. In their line of vision, no money was spent.
How can you keep track of money if you don’t physically spend it?
What2doWhen you spend paper?
The idea is that you know what happens when you spend money you don’t have.
The bank pays your creditors with monies taken from other projects they’re working on.
The bank charges you interest for taking this money out and paying for your debts. The
interest payment serves to pay for this money that’s not yours.
When you have a huge debt to pay back. Remember that you’ll spend the first six months
paying off the interest. That’s the money given to you that you didn’t have originally so that
you can spend it on a Christmas present for your wife and kids.
Put yourself on a budget and stick with it.
Give yourself a dollar amount for the approximate payment you’ll need to set aside for daily living expense.
All other cash gets saved in a rainy day fund.
Don’t laugh. I saved $10,000 that way and used it to pay for an emergency operation.
I put away $25 a month for several years. You do the math. It does add up.
Have a good talk with yourself and your children. Take them through all the bills that MUST be paid.
Then add in the extras: Christmas gifts, restaurants, Star Bucks, vacations, and all the little items that add up
during the school year.
When you find that amount staring you in the face, decide how you’re going to save it or spend it.
Don’t spend what you don’t have.
Live within your budget.
Put aside money on a monthly basis.
Say “NO” to your kids, spouse, and self.
You’ll feel allot better in the morning!
Until next time… .