Tuesday, April 12, 2016
Why We Don't Live Within Our Means
We don't live within our means. Let me explain. We could be spending a lot more money than we do. Our means, the amount in our savings, says: "go ahead and live a little" but in my husband's wisdom he admonishes us as a family to save more rather than spend more. Future generations will reap what we sow.
We have plenty of money in savings because we:
1. Don't go out to eat more than once a month and we pretty much never go out to coffee.
2. Plan very few trips. In fact, we hardly leave our house. I had been looking for a particular sippy cup for weeks. I went out to the van and saw it was there! Guess it had been a while since we had gone anywhere :) Going places usually means spending money even if it's only on gas. I must admit that we have more freedom in this because we live downtown, next to our church and next to family.
3. Rarely buy new clothing.
4.Only get one nice gift for the kids on their birthday. (What a waste so many toys can be!)
5.Paid off our mortgage! Talk about making it easier to save money!
6.We really try not to waste food.... or anything for that matter.
Here is a link with more of our tips on saving!
You see, just because you have the money to go on more trips, buy more toys, go out to dinner often, purchase new clothes etc. doesn't mean you have to. Don't spend money just because you have it. Buy what you NEED not what you WANT and then later in life you can buy what you want not just what you need without the guilt!
Too many are living outside of their means in the other direction. They spend money they don't have and wonder why they are constantly struggling financially. I have also seen people get out of debt and then think that gives them the liberty to spend their money anyway they please only to find themselves in debt again or living paycheck to paycheck.
My husband recently is fulfilling one of his dreams to publish a book! We are all very excited and it has been such a joy to be able to invest in this dream of his without having to worry about the money we are putting into it because we have plenty saved up. Another huge benefit of living like this is we are better able to give! We can give liberally without worrying.
Please don't think we have plenty in savings because we make lots of money :) We have been single income our whole marriage and my husband went from being a public school teacher to a pastor... neither career is known for it's high income :)
Not sure how to live within a budget?! Dave Ramsey can help! Click here.
Lastly, every human should watch this. It cracks me up and it's so true! :)
So save up your money and then save more!