Financial Independence Starts with Defining Your Relationship to Money
You Need Content? I Write Content!
October 23,2019 at 1:59AM UTC
Whether you live from paycheck to paycheck or skimp and save without ever treating yourself, you need to take a good look at the relationship you have with money before you can become financially independent.
We all have a deep-seated attitude towards money: how much we want to make, how to spend it, and how much we need to save for a rainy day. But we also have been exposed to how our parents or other family members handled money. We may remember not having enough money when we were kids. Sometimes you don't realize what might be causing you to react to certain activities having to do with finances.
For example, both my husband and I grew up in families that, today, would be considered middle to lower-middle income. We weren't starving, but there wasn't money for trips to Six Flags or Disneyland.
My mother grew up during the Great Depression. She had a tendency to do absolutely everything on the cheap and require that I do without things my friends had - like store-bought clothing that was in fashion.
Now, I tend to want to hang onto the money I have, and I think I learned a lot from not getting the things of the moment. But I also deny myself things when I could handily afford them.
My husband, on the other hand, is not profligate with money, but I notice that when things get tight and I start talking about eating out less or saving money on entertainment, that is the very moment he discovers ways to continue eating out or buying gadgets. It's like he resents feeling like he did as a kid, when eating out was a big treat for a family of 8.
We have credit card debt that we struggle to get rid of because it seems like we suddenly need to take a trip. Or we visit family but he wants to get a hotel room instead of stay with a family member.
I have come to the point in my life when I don't really need or want more things. He is not acquisitive, but the things he does want are not cheap. So we muddle along.
On the other hand, he has the maximum amount taken out of his paycheck for the 401K. We don't ever see that money, so we don't miss it. As a result, we have a nice nest-egg that we might not have had just through saving money in a bank.
What is your relationship with money? What is in your past that still effects the way you run your finances? You may be surprised that Mom, Dad, or Uncle Russ still reverberates in your head whenever you pay your bills or buy something on Amazon.
Browse recent posts
I’m looking for an easy to read spreadsheet to track credit card expenses.
Pretty much just want to be able to break them down in categories without having to label everything individually. Example: office supplies(not what was bought), building utilities (not all listed separately) misc. expenses etc. Something that is easy for someone not very computer literate to read.
0 Likes • 1 Comment
I am currently unemployed (a month and a half so far) and seeking a job in an accounting/financing/office field. I’ve been offered a position somewhere that would pay me decently well and fairly close to where I live. It would be great skill set wise with room for growth.
The only problem is that I’m not a fan of 40 hour workweeks, and this job is an 8-5 M-F. I’ve worked 40 hour weeks before and I felt miserable and guilty that I couldn’t spend times with my friends, family, and partner. I felt like all I did was work and had no time for myself. I also have a physical disability that, while it doesn’t stop me from working, completely drains me at the end of a working day. In my previous 9-5 job, I would be asleep by 7 pm and sleep 10+ hours easily.
I asked this company if I could have slightly less hours or a four day workweek and I was told it’s not possible. The company is a reputable state-wide business that I would be happy to work for, but those hours are making me have second thoughts. Any advice?
0 Likes • 11 Comments
I'm looking to connect with a recruiter that's looking for a Mid-Level to director candidate.
I have over 15 years of leadership and strategy building experience. Looking for salary 90K - 120. I keep getting calls from companies that know I'm over qualified for. So I need to connect with someone that can weed out the spam.
0 Likes • 1 Comment
I was recently terminated from Playing for a Church As A Musician, but was asked stay until they found someone else to replace me. I chose to not ever remain in that Particular atmosphere of denounced ongoing rejection. Yes the pay was somewhat ok, but it wasn't worth my Peace Of Mind, although I did post for other employment on Facebook, just for backup only,not with an intention to leave that Particular place of employment.,but as I already stated earlier, all of that negatively wasn't worth my Peace of Mind. Yes I still Love every one at that former Particular place of employment, whereas I did post on the group me page of that Particular former place of employment, after Praying and seeking GOD of what to say, I never mentioned my termination, but told each and every member of that Particular Congregation that I was no longer there due to lots of negative contentions. Sometimes a Person has to do what is necessary for the having of Peace of Mind, which can't be bought, nor negotiated. So I highly suggest that Sometimes when we seem to be at our worst of times,just remember that better times,and better days are ahead. So continue to be encouraged and always remember to Keep GOD 1st, in your lives, and things will always work out for the Good...
0 Likes • 1 Comment
Subcontractor -loss of a client to another firm.
Recently, the company for which I am employed as a subcontractor lost a client.... the contract was awarded to another firm... low bid award. After a few months, the company that was awarded the contract contacted me and asked if I want to subcontract with him and handle this client.... I dont think he knew what he was getting into :). My contract with the company that lost the bid states "I am free to do other work ...not for the company". What are your thoughts on me doing the consulting work for this other firm that was awarded the bid..I will be working with the same contacts. Do I let the company that lost the bid know about it? I do have other clients for which I provide consulting work with this company. Want to be ethical but not stupid!
0 Likes • 5 Comments
Hello! I have been in my current role for around 2 years now. I have a background in computer science and math and landed a non-coding role right after graduating. I went to another company after in hopes that I can get my hands dirty with code again and I was a little rough in the beginning since I haven't been doing it for the year and a half prior to this role. My manager and tech lead-- they weren't that encouraging and fed into my imposter syndrome and even told me that "coding isn't for everyone". I wasn't particularly bad at it-- i was able to help with a lot of features and pages that contributed to what has recently been launched. Since then, i have been pulled out of a developer role and into this customer support role where I am not able to see myself grow or ever get promoted while my knowledge for all those languages I once knew is escaping me. I tried talking to my manager earlier last year about grad school and pursuing a masters in UI/UX/HCI since thats where my passions lie and i can get back to what I have originally intended on doing with more structured learning in a niched subset of computer science but he automatically rejected it saying that he believes this customer support role is "good for my career growth". I was recently part of an internal hackathon where I used python as a techstack to build a working prototype for our idea and i was so happy being able to code again and it felt more like home. I feel stuck and am not sure how to proceed. I'm still early in my career and am afraid that this will affect how my career is paved out right now. The job market is rough right now and im not able to look for new roles either. not sure how to proceed.