Here are some articles that caught my eye this week….
I love the analogy and it fits even better than I thought when I first saw the title of the article. Credit cards are dangerous in many ways, but probably the most important is the fact you just don’t really feel like you are spending money. Add to that the fact that you don’t get the reality check of the bill coming due until a month after you have spent the money, it is so easy to find yourself in over your head before you even realize it.
Having fun does not have to mean spending money. Some of the most memorable things in life cost nothing at all.
What would you say to someone who was embarking on a trip, but hadn’t really decided on where they were going? The plan was to just get in the car and start driving and hopefully, they’d end up where they wanted to be. Sounds like a pretty crazy way to get somewhere, doesn’t it? But that is kind of what we do when we never stop to think about what kind of life we want to live in retirement. Hopefully, you are saving at least some money for retirement, but if you haven’t considered what lifestyle you want to live in retirement, then how do you know if you are on track to get there? Blindly hoping that maybe you are saving enough? Not a good plan, but unfortunately, it is what most people do.
You are probably familiar with identity fraud, but you might not have heard the term affinity fraud. Affinity fraud occurs when you are taken in by someone you know or represents a group that you are affiliated with. It is especially dangerous since it is coming from what you thought was a trusted source. The bottom line though is there is no magic to wealth. If someone is promising you unbelievable gains or if the offer seems too good to refuse, it probably is. Remember “Wealth from get-rich-quick schemes quickly disappears; wealth from hard work grows over time.” Proverbs 13:11
Not doing laundry is not an option, but having clean clothes doesn’t need to cost an arm and a leg.
There are several keys in this article to getting by with less. Have a plan. Prioritize. Be willing to say no to yourself. Really understand the difference between needs and wants. And maybe most important if you are married, lots of communication.