Psychosis on the Road to Financial Freedom

I was listening to talk radio this morning and I heard this guy say that…and I thought: how true. Most of us live in this mindset that we want to be known as cool, laid back, fly by the seat of our pants, etc. That’s great…if you are a teenager. However, when you grow up, you have to start doing things that are meaningful and purposeful.

The Weight of Discipline

So when it comes to money, what is the “weight of discipline”? It’s a budget – it’s planning and spending with a purpose…things that require discipline. Truthfully, none of us wants to do a budget. We’d love to go on our merry, hectic way of spending money without thinking about it…

The Load of Regret

But what happens at the end of the month after you dined out one too many times and you realize that you don’t get paid again until the 9^th of the month, but your electric bill final notice is due on the 2nd?

And what happens when you get paid on the 8^th of the month and there are only two bills sitting on your coffee table? Do you say: I’m all caught up until the next payday because I only have two bills due…so you go on a spending spree? Then by the time your next paycheck rolls around you have 7 bills on your coffee table and you realize your paycheck might cover those bills…if you don’t buy gas or groceries until your next paycheck. Oh! But wait! When that next paycheck comes you have to pay rent again and you won’t have any money left over after paying rent!

Note: This just happened to a friend of mine!

Discipline = Budget                    Regret = Spending Without a Plan

So the next time you want to be that cool, laidback, fly by the seat of your pants person, try to realize that with a little planning/budgeting, you can spend without regret later on - and lighten the load!