Rethink Spending Money As “decision Making” to Save More
Every time you spend money, you make a decision. Maybe you’ve made a decision in the past, or you may be redoing it every day, but every dollar spent is your choice. If you’re looking to save some money, look at these options, not just the price.
As the personal finance blog Frugal Confessions explains, this can be seen as a metaphor for your choices. When you spend money on eating out each week, you are making a choice to spend less on vacation or your savings. By creating a retirement account, you choose freedom later over comfort now. This perspective can be critical when budgeting your income:
This lady told me she was looking for a new client to fill this vacant position that would be less stressful. She also wants to keep working from home to avoid disgusting trips to Houston. For these eponymous luxury items that would surely enhance her quality of life, she was more than willing to charge less money. Why could she take less money? Because her finances were in order.
Of course, just knowing that you are making a choice will not get your finances in order. But hopefully it gets you thinking about why you are spending money exactly where you do it. Often times, most of us just buy things or spend money because our situation or motives dictate it without thinking. This second thought could be the difference between living wages and financial stability.
My One Word About How I Treat Our Money | Thrifty confessions