More than half of Americans haveless than $1,000in their savings account.
But we can do better than that.
Well, Ive been saying that to myself for 4 years.
I could saved a good amount in those four years if I lived in the sense of reality.
Dont ever take a stab at Keep Up with the Jones!
AndSkipErnstadds:
Saving is hard until you build the habit, but it is also immensely rewarding.
Theres no safety net quite like having fuck you money in the bank.
Avoid Lifestyle Inflation
Score that promotion?
But think twice about moving into a larger apartment or upgrading your car.
Take a moment to reflect on everything you own.
Make it a mental game of trying to make everything youve already bought earn their cost.
Itll give you satisfaction and youll feel less like you wasted so much money.
Additionally youll focus less on new things and end up saving money.
Saving money means youll have to make sacrifices so hopefully youll be better off in the longterm.
Look at all your bills and find out what you’re free to get reduced.
you’re free to negotiate just about everything.
On that note,WhatsThatSmellsays pay yourself before you pay for an upgrade.
Meaning, invest in yourself and your future before you spend $ on anything else.
Use $ as a tool to build wealth, not just spend on bullshit.
But Treat Yourself Occasionally
Splurging every now and then shouldnt make you feel guilty.
SaysCereaza:
Budget for indulgences.
Have a Fun Money budget and use it appropriately.
Making more money will not solve all of your problems.
He told me son, just make a big pile of money and your life will be easier.
Turns out he was right.
Saving is important for a lot of very good reasons.
It will never make you rich, though.
And realistically it will never even really move you up an income class.
Would love to read your thoughts on this.