I have a good job, and make a decent wage
BUT – I spent too much and have a big mortgage and a family to support
I have paid off all credit cards and cars (finally, and then bought more cars and recharged the credit cards higher than ever.
What frightens me is having a big expense or a job or income change that causes me to have to borrow more and descend into insolvency.
6 months living expense for me is about $5k per month, or $30k total.
That’s a lot of dough for this small-town boy.
But I HAVE to do it. I want to sleep easy at night knowing I can handle unexpected monetary hits. It has taken me a long time to get to this point, but I am now deferring instant gratification in favor of savings. I’ve saved nothing. I have a long way to go.
Please God, be nice to me and let me keep saving without an emergency causing me to drop big bucks along the way.
Changing from a spender to a saver seems impossible to me.
But I keep trying.