To some folks, a big handbag of money seems like an infinite amount. Avoid being one of those folks. In a previous publishing about homelessness, I noted how when the indigent receive huge sums of money (lottery winnings, or whatever) they burn through it very quickly. Is there a connection?
As a youngster, I thought these things, too. A thousand – that got to depend to permanently! And yes, as an adult even, I’ve done this – most of us do, you know. As being a self-employed person, I could go for weeks with not getting paid. Then I get a check for tens of thousands of dollars. It seems like big money!
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But I’ve learned to squirrel away money, as it is tempting, when you bank account is in the five digits, to believe you are “rich” and then be lured to spend. The nagging problem is, few expenditures and buys accumulate, and before very long, you are broke again.
Pay your taxes – because of this year, and next. Pay off your financial situation. Pay all of your bills – in advance, when possible. Spend the amount of money on fixed expenditures and put away a large chunk into savings. If you are all done, well, …