Had an interesting chat w/ my brother yesterday over IM (the same one who likens debt to kissing your sister), and thought I’d copy & paste it here for ya. Figured it would be much more interesting to read via IM style than paraphrasing and trying to slip in silly banter all over the place. Plus, I’m feeling pretty lazy today. So here you go – let’s see if you can pick out the moral of the story:
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(2:56:11 PM) My_Brother: i came across a stunning realization the other day about my spending
(2:56:22 PM) My_Brother: i mean, i knew all along, but this REALLY knocked me out when i sat and thought about it
(2:58:00 PM) J_Money: that tends to happen :)
(3:00:31 PM) My_Brother: 99% of my cash is spent on food and coffee
(3:00:40 PM) My_Brother: sure, i dont buy groceries really
(3:00:44 PM) My_Brother: but still, man that sucks
(3:01:02 PM) J_Money: yeah…but luckily you eat around the same amount every month :)
(3:01:17 PM) J_Money: so no matter how much you get paid going forward, you prob. won’t be spending that much more of your cash!
(3:01:24 PM) My_Brother: thats true
(3:01:33 PM) My_Brother: i prob spend what id spend on groceries anyway
(3:01:36 PM) My_Brother: just stinks
(3:04:37 PM) J_Money: yup, stinks indeed. but look on the brightside – you have a sexy brother.
(3:05:49 PM) My_Brother: i did not think of that
(3:05:55 PM) My_Brother: that is good to know. right on
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Find the financial moral? Here it is: If you learn how to spend the same amount of money each month, anything “extra” you get can be dedicated to savings! Bonuses, raises, money you find in your pockets, all of it. Learn how to utilize that extra money instead of upping your standard of living every year! Leveling spending = leveling stress ;)
