The beginning of the new year brings me a “reserved” attitude for this goal. I had a “small” Christmas and didn’t overspend on gifts, which translates into actually having a financial cushion. I limited my wants in entertainment, gift giving, food and drink, travel and partying. My wants did not equal my needs – I didn’t NEED to celebrate even in the small way I did – yet the limitations led to more authentic expressions (for me) of the holidays, and curtailed mindless spending. I don’t have the emotion of buyer’s remorse this year, nor did I go deep into debt, but only a little bit. Although it was difficult at the time, I feel so much better now.
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brickhorse has written 22 entries about this goal
I have so many things going on that I need to spend money on to keep my life going that this is a sad failure right now. I hope to get back on track the first day of 2014.
This is not happening. I was nearly out of consumer debt a year ago, and now I’m back in again over $10,000. I know what I need to do to get out of it, and it is so dang hard to do. I need to set another December 31st goal list. It does help.
So my needs now will be less because of a smaller monthly payment. I also moved a credit card balance to a lower rate card so I can pay if off faster. I know I can do this. Prayers.
My need is to rent another dumpster to take the place of the one leaving on Friday, but I won’t have the money. So I am shifting my need to finish primer painting the back of my house – which is cheaper and needs to be done before the monsoon comes. I wish I could get the dumpster, but I realize that painting should be the priority anyway, including painting over the primer. I need to get it done before the monsoon starts in July.
I am paying off small debts that add up each month to a big total of payments, paying them off with part of my IRS return. I still must let go of some equines to bring down my outlay. Sigh.
The 80-20 rule seems to be appropriate for so many things. The newest one I learned about was to live on 80% of one’s income and save 20%. That is definitely living below one’s means. Currently I am living on 92% of my income (and struggling) and saving 8%.
Plan A is a frugal, solid and doable plan that I have been straying from, dabbling in other behaviors that undermine Plan A. On Sunday I had a minor epiphany, that I allow myself to be seduced away from my plan by people who are offering experiences and things that are inappropriate for where I want to be in the next 10 years. In short, I allow them to take me from Plan A.
Plan A is not sexy or exciting or romantic or even sometimes it isn’t fun at all! But it is reasonable and smart and leads me to where I want to be a decade from now. If I stick to Plan A, even with unforeseen events, my life will be in a good place and I will have built good habits for the future. It’s up to me.
I’m still trying to get a handle on this. I still live above my means and beyond my needs.
This is so hard to do! I get sucked into to buying things just like everyone else. I want to believe I am immune, but I am not. So I am learning, again, that money in savings is a lot more exciting than yet another halter and lead rope, or another backpack, or another skirt.
brickhorse has gotten 13 cheers on this goal.
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