I’m not here to rain on your parade: after at least a decade of delayed gratification, I have come to a grasshopper “carpe diem” decade in my life. We all know we should be saving for our retirement, but reality for me being what it is right now, that is not likely to happen any time soon. I’ve made the conscious temporary decision to save and spend money to make my youthful working life more enjoyable, as opposed to more delayed gratification saving for a someday that will rescue me from it.
Let me be blunt, the idea of life without work (for me) is actually a quite intimidating one. Most of my daily social interactions and sense of contribution comes from the work I do, and the idea of not having that outlet while it is still available to me is scary.
That said, I am at an age and income bracket where I finally am mostly debt-free and want to wisely apportion the reliable disposable income I am making to various saving and spending opportunities.
One of the biggest blessings of my personal coaching experience so far is exposure to a site called Mint.com
In the space of a few minutes (setting up a free account and providing online banking info), the “app” can sort through your various chequing, credit and other accounts and assign your electronically documented spending habits into various budgetary categories for you to see, at a glance, how much you are spending on necessities versus luxuries, for example, and over the longer term, compare these spending habits to a projected or historically established budget. How helpful would it be to receive alerts when you have overspent your monthly allotment on dining out? It’s like having a responsible partner to keep an eye on your finances (because, let’s face it, I’ve never been that partner) without having to deal with the dirty socks on the floor or toilet seat left up. Don’t believe me? Give it a try today!