Will Rogers- Too many people spend money that they haven’t earned to buy things they don’t want to impress people they don’t like.
When Will Rogers quoted that, it must have been in the early 1900’s or late 1800’s and we are now in the 2000’s, and along with social media being as prevalent as it is, it couldn’t be more true.
Our paydays are on Fridays and the Tuesday before our paychecks hit our bank accounts, the money is already gone. The fact that we see so many women walking around with Louis Vuitton handbags and/or red bottom shoes on, it all of a sudden makes us use part if not all of our mortgage or rent money to then go and “treat our self”, because after all we deserve it right? And we can’t forget the fact that we are super tired of seeing and hearing about others that take vacations and trips and yet we’ve gone no where to date, so we run up credit card debt just so we can tag an airport in our Facebook status.
This life style of flaunting can become very dangerous. It has a way of holding you bound and not wanting to let you get free. It has a way of playing mental tricks on your mind and emotions. Telling you that if in fact you don’t have, or if you don’t keep up, or if you don’t post about it, then you are in fact losing in life. Many people will wear, drive, and spend just so that others can notice them and stroke their self-worth.
If we applied that same amount of time, thought and effort into paying off debt, investing and saving, lots of us could retire before the government tells us that we can. Now, don’t get me wrong I am all for looking nice and having great experiences and the fact remains true that in order for you to do that you must have money to spend. I just don’t want my money to have me spent staying up at night wondering how this will get paid, or what will happen if that check doesn’t come in the mail, or worst yet looking forward to income tax return season.
These are behaviors that are far too common among us, and there has to be a point where we put our future ahead of our present and must certainly come far away from our past. Saving money is huge. That means that we don’t spend it all (physically), that means that we don’t spend it all (mentally) and that means that we don’t spend it all (emotionally). If you only focus on one way of spending you will allow yourself to spend in other ways that you’ve yet to realize. So you have to say no to all three in order to be able to effectively save. You have to give yourself what I like to call: A.R.O. A Range of Options. Our options can no longer be the norm, they have to be what will allow us to still be able to spend some yet save some at the same time. Its possible, believe me.
Here are some helpful financial resources that can move you to a place where you have A.R.O. . If you change your thinking, you’ll change your life.
Dave Ramsey – My number #1 financial guru. If he is teaching it, its legit.
Forbes – If you can subscribe to this monthly magazine, check their website weekly.
The Wall Street Journal– 2nd to Forbes they have some amazing articles. Some of which can only be viewed online if you have a subscription. For the ones that are free, read them.
Black Enterprise– There is no way you can read this magazine and put it down not having learned something new. Its full of great information.
The Budgetnista– She is an awesome amazing resource for women when it comes to money. Read her blogs. Also go follow her on social media.
My Fab Finance – Tonya is a great resource for financial advice. Her suggestions are easy to follow. Her Instagram page has posts that are straight to the point, I love it. Be sure to look her up too on social media.
The Finance Bar– Okay what I love about Marsha is that she started a mobile financial hub, that travels around and assists women and couples with their finances. So she basically comes to you with all the tools and resources that you need to get your finances in shape. She has been featured countless times. Please follow her on all social media outlets.
Do you have any financial tips, if so share them.