I heard once, somewhere I don’t remember, that the reason poor people stay poor is because they do not invest like rich people. They’re not aware of where or when to invest.
Another reason is that the poor have this theme of spending their money on stuff, so not to have even enough money to invest. I think the reason it based on environmental impacts growing up and the way we learned about money from our parents or guardians.
Me, specifically, I’m going to be honest. I think it’s because I’ve been spoiled and now that I’m broke, I’m starting to notice it’s life costs (puns ha-ha).
All growing up my parents were always there for me financially. They made me pay for things, definitely, but I was spoiled for the most part. Now that I’m older and living on my own in Colorado (one of the most expensive states) I’m starting to realize how freakin awesome I had it.
To begin with, my mother taught me through monkey-see-monkey-do, that I should stock up on anything I might need. Even if I had it already. Also she taught me how to eat very healthy, which is also a very expensive habit. So, when I began living on my own I did both of those things.
My dad told me to have fun with money. To give when you can to the homeless. To pay it forward. So, upon living on my own I’ve both had fun spending my hard-earned money on experiences and fun, while also giving a lot to others who need it because It makes me feel good and I was taught it’s the right thing to do.
I grew up learning that money was always obtainable. That is was always going to be there when emergencies arise because my dad was/is Air Force and he had a stable, supportive job. Best part was that I was on his health insurance.
So, now that I’m broke and shedding some light on what made my habits the way they are, I’m trying to change them.
So, lately, I’ve been waiting till the last possible moment to buy something I need like toothpaste or toilet paper. I’ve been kind of eating like shit compared to what I had been. I haven’t been going out like ever. I’m dependent on Steven for fun-costing things, which makes me sad cause I want to contribute. Bless his soul. But I still do give when I can, but instead of money its with whatever I have in my car (food, hand-warmers, water bottles) to give to the homeless.
I want to start controlling my habits so that I may save money, but also be able to spend some on the important things. Like wiping my ass and feeding myself.
Last night I was awarded a 50 dollar visa gift card at my job for doing well. First thing I did was go to the thrift store and have some fun. I bought a wax burner for Steven’s apartment (10$). Then I went to the dollar store to pick up some dinner before I’d go to Stevens. I picked up noodles, a christmas tree topper, wax (for the burner), hot chocolate packets, and toothpaste (for Steven).
I got into my car and by the time I reached Steven’s I realized what I had done.
I looked into my bags and realized that I could have spent only 2 dollars and would have gotten everything I actually needed. I realized that I couldn’t help myself buying all those things because I had the money to finally splurge.
What I realized most was that, that is why I’m so fucking poor.
I keep spending money on THINGS because I’ve been so broke that when I have money I don’t know what to do with it, when I don’t have bills. I just end up losing it and wondering where the hell it went. It’s like I’m money binging and then regretting it later, puking up conditioned consumerism.
I realized then that I need to be aware of what I’m purchasing when I’m about to purchase it.
I need to ask myself some important questions. This is what I’ve came up with…
- Why am I buying this?
- Will I actually use this, and will I use it everyday?
- Will I live if I don’t have this? (for my dramatic side of reason).
Have any of you ever felt actually enlightened to not have much?
Any minimalists out there?
I’ve tried minimalism and it was very liberating. I felt like I didn’t need much and in return felt rich.
I’ve obviously strayed from those ideals, considering my situation. I have more clothes, I have more furniture, I love decorations again….
I’m thinking I need to get back in that mindset again. Not as extreme. I need to be a minimalist with my money. Cut down on costs I don’t need to be spending.
I work better when I write things down. You already know.
I want to reference this wonderful webpage I just found on the minimalist ways of spending less:
This is what Daisy had to say:
“5 Minimalist Secrets to Saving Money
Secret #1: I am not defined by what I own (or wear, eat, live in or drive).
Money is often spent, unnecessarily, on building an image. Whether it is clothing, cars, gadgets or even food, maintaining an image can be extremely expensive. Looking closely at how we spend money on things just to exude a certain lifestyle is one way to start cutting costs and saving. Just because everyone at work buys a giant latte before work does not mean you have to, as well. When I’m done with procuring my own image and fitting in, I’ll start being able to put my time and resources towards the things that matter to me more.
Secret #2: Ask not where the greatest deal is, but where the greatest need is.
So many shops have us hooked on the idea that snagging a great deal is the same as saving money. It’s not. Every so often, an excellent store offer will provide multiple items that you actually need. But usually it’s more about making you feel that you got the long end of the stick- for once! In the end, however, more money is usually saved by simply purchasing what is needed. Nothing more.
Secret #3: Minimalism keeps my personal values always in my mind.
Once minimalism seeps into multiple areas of my life, I am much more focused on what I truly desire, envision, worship and love. My biggest life priorities are constantly on my mind, where they ought to be. I rarely do something without knowing why I’m doing it. Whether I am getting ready in ten minutes, traveling to a new destination, or spending time outdoors, minimalism helps me live intentionally. And thus, I spend money intentionally, not accidentally.
Secret #4: Minimalism is the enemy of clutter and busy-ness.
The commitment to not accruing lots of stuff is at the core of minimalism. And the secret to avoiding stuff? Purchasing only what is needed, only occasionally in bulk, and only in the most efficient way. Promotions that offer a prize for spending $50 at a shop rarely entice me anymore. I hardly ever “buy one get one free” unless I need both packages of the same thing. I do not replace an item until it has completely worn out; not simply gone out of style. In the quest for owning less and living more, we become less susceptible to unintentional accumulations and impulse purchases. (7 reasons we buy things we don’t need)
Secret #5: Minimalism reminds me that contentment can never be bought, sold, or stolen.
Though we might know this to be true, it is so difficult to live out. This is one of the toughest truths that I have learned recently. When we make purchases, we often justify them by the “happy points” that they merit. How many time have I said, If I just had this, then I would be so much better off.? But, if you’ve spent some time trying to acquire one more thing to bring contentment, you may have found– like I did– that it doesn’t work. Contentment is not on the shelves at Target or in our virtual online shopping carts. Contentment is somewhere in those things that matter most deeply to us: friends, faith, passion, community, adventure… the things that have no price tag at all.
The bottom-line is, saving money in a significant way has to come from the heart. Our consumer-driven economy does not make it easy to refrain from making one purchase after another. Our culture of material goods does not make it easy to appear uncool or outdated. But if there is something worth saving your hard-earned cash for— and there usually is– then perhaps the change of heart will be worthwhile. “
Happy Holidays, lol.
Good luck saving, my blogsters.