Practicing self-reflection and self-awareness are key ways we grow as people, how we acknowledge our strengths and weaknesses, how we change our habits, and it’s essential for anyone who is trying to live intentionally.
You might see someone saving twice as much as you and feel like that will never happen for you. But remember that that person had to start somewhere, too.
If you’ve ever spent time in the personal finance world, there’s a good chance you’ve started to think we are straightening out our money situation and saying goodbye to consumerism. These stats might make you realize we still have a ways to go.
Just like money is a tool to demonstrate your values, the currency of spending your time is a tool to demonstrate your values.
You will have to be more creative, earn more, or simply wait a few extra years to hit your magic numbers. Each person or family is on their own path!
I strive towards frugality because it wasn’t that long ago when I was very financially stressed. I learned my lesson the hard way, and although my friends sometimes give me crap for being “stingy,” I don’t ever want to repeat going through that experience again.
Most young couples that I know are at least intrigued by the possibility of living a single-income lifestyle. Many of them feel that it just can’t be done with the cost of living, payments, education etc. and so they just accept the way that things are. This post is written as an encouragement to anybody who is considering becoming a one-income family.
There are plenty of day laborers and people toiling away at minimum- or low-wage jobs who will never get ahead. Hard workers are not hard to come by, but hard work is not enough and has never been enough. Truth is, America has never cared that much about hard work. Why do we keep perpetuating this myth?
In a system that is all about growing the gap, I can’t think of a stranger practice than taking all that time and effort to put yourself ahead with dollars, just to eat them back up a few cents at a time.
I soon discovered that not only was I spending significantly more than I estimated on food, but also that I would be unable to hit any savings goals until I was ready to be more deliberate in my spending on food.
We do our best to keep our expenses down every single month, but I had this recent push—this fire—to go super intense again.
Friday Features for frugal folks! How to be Frugal Even When You’re Not [Video] – Beat The Bush on YouTube Simple frugal living habits …
Your dedication and thoughtfulness will pay off. You won’t be among the 47% of people who can’t handle a $400 emergency. And when the right spending opportunity comes along at the right time, you’ll be able to make a well-informed, guilt-free purchase that fits perfectly within your budget.
Kim has saved (or repaid debt of) $141,500 within five years, as a firefighter with a starting salary of $42,000, excluding the additional money she’s invested into her rental.
She’s saved more than 3x her starting salary, within her first five years on the job.
And she’s done this while earning a middle-class public service salary in an expensive city.
The first 90 days of starting to budget, and starting to keep track of your money, and figuring out where your money is going, …