Why save money when commercials, billboards, pop-ups even music encourage’s us (strongly I might add) to spend and enjoy anything and everything we can in the moment. Instant gratification is the mantra of the day.
On the flip side, there are those circumstances where it seems we never can get ahead due to medical bills, the rising costs of food, shifting of the job market and other conditions out of our control.
How do we ever get ahead? How do we save? How can we tackle this differently to get another outcome than the one we have been getting up to this point?
This is what the topic of THE LOST ART OF SAVING will address so we can all try new techniques and various ways to save money; possibly even some new ideas you may not have thought of!
It used to be fashionable to have a house paid off, wear ‘practical’ clothing, make due with what was on hand and being frugal was very stylish.
Things have changed over the years making it the trend to buy, buy and buy to our hearts content despite what our checkbook balance said.
The pendulum seems to finally be swinging the way of common sense and foresight, meaning saving, even a little bit at at time and living within our means; getting out of debt so we have freedom and peace of mind.
There are times when we must use debt for a house, a practical vehicle, student loans, health emergencies, job loss or other unforeseen setbacks. These are a part of life for most of us, and we simply have to tighten our belt, square our shoulders and push forward to resolve the situation.
Too often though, it seems the attitude that becomes problematic is one of entitlement, or I want it now anyway, or somehow the money will work out magically in the bank account. Let’s look at these a little:
Entitlement – I’ve had a rough week and I deserve ____ even though I don’t have the money for it. I should have______ because so-and-so has it. If she has it, then I should have it too.
I want it now – I should have a special fund for extra’s, but I want it now anyway. Why shouldn’t have have a newer car; yes mine works, but I want a nicer one now. The dress looks so cute on me, and it may not be there next week, though I really shouldn’t spend the money on it, I really don’t need it, but I want it anyway.
Magic money – What does that mean to balance the checkbook or look at my bank balance/statement? I want to go out and eat so of course the money will be there. I’ll just use my credit card. I don’t know how much the interest rate is, or how much I pay in interest on my excess spending over what I make each month.
We live in a deficit society which fosters this mind-set and makes planning and saving an almost foreign language.
My Grandmother Shirley (my Aunt Peg and mom Connie also) was a tremendous example in this area. Her father died when she was only six years old. Her mother passed on when Grandma was just sixteen years old leaving her and her two brothers alone during the difficult era of the depression. Grandma took on the duty of the household and that of managing the finances. She became good with money and remained financially highly skilled through out her life. She saved, scrimped and did without when necessary.
Her and Grandpa, when purchasing their first home had what was called a ‘wish home’. It was a basement basically, an underground home, then you ‘wished’ for the upper floor as you saved until you could build it; which they did a few years later.
Grandma and Grandpa paid off their home, built a cabin, went on excursions with their friends and enjoyed life; never extravagantly, but well enough. When Grandma passed away and we helped clean out her possessions, we had to use great care when going through things to check every pocket, look in crevices in furniture and possible hiding places, as we found money stashed everywhere. I think the depression days were a strong pull all of her life.
It would be a huge benefit to us if we were to be more like that in our daily life. A modest home, more simple clothing, good food, not extravagant unless it is a real occasion, and saving to pay off our debts, home, vehicles and then building an account to have retirement – enough to live off of comfortably, again not necessarily excessive.
- The large number of divorces accounted to finances is appalling. To work as a team, becoming masters over money, instead of slaves, would make a man and a woman an indomitable team!
- To make money work for us, instead of us for it (interest never sleeps) makes us conqueror and victor!
This series will gives us techniques and ideas: some may be new, some maybe ones you want to pick up and do again, to save and get on top of our budget.
- It will be a bit at a time, but that’s how great things are built, one block/step/stone/piece at at time.
We will bring our best ideas and resources. If you have ideas, please share them with us also so we can become wealthy together by having our homes paid off and a savings account built.
We CAN do this by supporting and sharing concepts together!!!
Copyright Carrie Groneman, A Mother’s Shadow, 2015
Recognize a blessing and be a blessing today
A Mother’s Shadow’ a novel by Carrie Groneman
Waste Not -Want Not
top picture courtesy of www.freedigitalphotos.net