Tomorrow is a new month so let’s do a money management challenge, the April envelope challenge! This is perfect if you feel a bit stuck with your personal finances, if budgeting just isn’t that much fun or if you want some change and excitement in your financial life.
I’m sitting in the bar with a group of friends having a good time, we’re about to toast and that awkward moment comes when I have nothing to toast with because I didn’t want to spend money on a beer. Okay, let’s evaluate the situation,I’m not a big fan of beer, I neither like nor dislike the taste very much. I wouldn’t be drinking because I’m thirsty since water is for free and I wouldn’t drink to get drunk in these situations. The beer serves me no good other than being “one in the group”, and this, my friends, is what we call the social pressure to spend.
During one month we manage to spend a lot of money, but one question we all should ask ourselves is, are we spending or wasting our money? The difference between spending and wasting is that when you spend money you are buying something that you really need or value, something that matters, and when you are wasting money you are buying things you could live equally well without
I have always loved to save money and many people around me believe that my goal is to save as much as possible. Once in a while when I do spend a lot of money everyone are always surprised. I do like to save money, but my goal is not to become rich, my goal is not to have as much money as possible and people might ask then why I save so much. The answer is simple, I save with a dream and I spend with a purpose.
Happy new financially sustainable year! With a new year come new beginnings, new opportunities and it is also the time for new year’s resolutions. Some people love them and some people don’t like them at all. Personally I am one of those who love them! There are however one fact we all know about new year’s resolutions, we are not very likely to succeed and statistics indicate that the majority who makes a new year’s resolution will fail (and I don’t think this was a surprise to anyone). Even though I fall into the category of the failing majority, and I still haven’t managed to do a full pull up which was my new year’s resolution 10 years ago, I still love them! I do not think that my past failures should influence my future hopes.