Number 24 on my 25 before 25 list is to save money. As you may remember, last January I talked about saving money. I had realized that a lot of people I know had included saving money on their list of resolutions, so I took some helpful hints that intelligent people have shared with me and posted them here.
Now let’s see how good I am at following my own advice. If you recall the three tips, boiled down, are:
- Cut up all your credit cards.
- Minimize shopping.
- Create a budget and stick to it.
If we take a look at the first one, cut up all your credit cards, since January 2013 I have actually done the opposite. Before 2013 I did not have a credit card. My excuse is that I am trying to build credit. My past experiences with credit cards have taught me to be careful with them, so I try to keep this in mind. It’s one of those reward credit cards that I also try to justify having seeing as it is a great rewards card. We’ll see if I keep the card throughout 2014.
Moving on to number two, minimize shopping. This one I have been more or less successful with. More successful with when I have less money, and less successful with when I have more money. If I want to reach my savings goals by the time I turn 25 I will have to focus on saving more when I have more money, rather than spending more.
Number three, create a budget, I have done since I wrote the first post. Sticking to it is a different story. I have stuck to my budget for the past 5 months though, so at least I’m moving in the right direction.
In the coming months I’m going to refocus on my own advice. Follow it a little more. Let’s see how that goes. I wish I disliked spending money in the way that Ishmael dislikes spending money. Things would be easier then.
“The act of paying is perhaps the most uncomfortable infliction that the two orchard thieves entailed upon us.” - Herman Mellvile
As long as we put child birth aside, I wish I agreed more with him. It’s probably a good idea to model one’s choices after Ishmael’s opinions, right?