In Budgeting, Discussions, For Beginners, Money

Saving is never going to be as sexy as shopping

#TRUTH

Saving is never going to be as sexy as shopping.

There is no other way to say it.

WE SPEND HOURS RESEARCHING OUR PURCHASES

From the most perfect knee high cognac boots to a big screen television, we spend HOURS talking about and researching what to buy.

Do we do the same thing with money, budgeting & saving?

NOPE.

Heck even I don’t do it. But then again, I have my investing strategy down pat, and I budget a little bit every day.

Photograph-Paris-France-Louis-Vuitton-Shopping-Tourists-People

WE ALSO LACK CONFIDENCE IN OURSELVES

We think investing is some mysterious black box.

Words like: “index funds”, “ETFs”, “MER”… all throw us all for a loop the first time around but once we learn what it really means, it’s not that scary after all.

YOU NEED TO LEARN THE BASICS FIRST

Everyone starts somewhere (at the bottom, naturally) before learning.


How did you learn how to read?

To spell?

To tie your shoes?

Add numbers?

… investing is the same thing.

It’s a skill and a knowledge base you have to develop before you can reasonably understand what people are talking about.

NOTHING COMES EASILY WITHOUT WORK

There is a steep learning curve and then it’s done.

I spend about 10 – 15 hours A YEAR on my actual, personal finances, aside from creating posts like this on money or other personal finance-related things that are blog-related.

If I just look at what time I spend on budgeting and investing, it’s about 10 – 15 hours a year.

You can’t beat that.

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Sherry of Save. Spend. Splurge.

Millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. Since then, I have paid my $600K home in cash (my half was $300K), my $180K casr in cash, worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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