Lately I find myself being drawn to articles about money, family, retirement, the future. Don’t get me wrong, I still click on the occasional Kardashian “news” (hahahahahaha….news….sigh) but I’m reading more and more about things like “40 money things you need to know before 40“. We are too old to have our net worth be in the red, but that’s our reality. While I’m sure it’s a reality for most people, our problem is that we don’t actually have any assets. A VERY small savings account and a few electronic possessions which wouldn’t raise enough money to pay off our car loans and “interest free” credit card debts. We have no mortgage. I wish we had no mortgage because we owned our place, but no, it’s because we rent.
These 40 tips are mostly things I already know, but they’re not things we put into practice. That makes the world of difference, doesn’t it? The difference between knowing and doing? Tips like knowing how much you’ll need for retirement. I don’t think I want to know that or I’ll slip into a depression.
Tips like dressing and eating for your budget. That’s all good and well, but whipping up a filling and healthy meal for $10 isn’t always as easy as that. Nor is finding something to wear for less than $20. I’m not saying it can’t be done, I’m just saying it makes life that little bit harder.
The most disappointing tip. “You will never have enough money.” Well, I’m in my mid-30s and I’ve never had enough money, so I guess I should give up on my dream of that ever becoming a reality. Maybe the sooner I accept that the sooner I’ll get my head around our finances and what our goals should be for the next 5 years, which is when I will hit the big 4-0h.
The problem with money issues is that aside from winning the lottery or landing a hefty inheritance, nothing happens over night. Earning and saving money takes time, because usually as quick as you can earn it, you’re spending it on new
a iPhone 5s every day living expenses. If we could just get our car loans paid off, our financial situation would automatically be better 10-fold. It’s that simple, and that difficult. I hope these cars last us a very long time. I dream of the day we have no car payments and can make better use of that money.
One of these 40 things you should know about money was that you will never know another’s financial situation. Without divulging that information to me, I’m curious…how much do you think about retirement? What guilty pleasures do you “waste” most of your income on?
Linking up with Jess for IBOT of course!