Savings Secrets: Why you shouldn't organize your finances
I've pretty much decided that it's really cool not to organize my finances. It just seems like one of those things that I shouldn't really have to deal with...
I mean, who wants to have to keep track of all these numbers? And I hate having to restrict my shopping. I'd rather just be able to spend what I want! That's true freedom and a budget will just make me feel like I'm a slave to my finances.
Here's why you shouldn't organize your finances...
1. You'll get overdrawn in the bank, and who doesn't love that $30 fee? It's the best, right?! But I love that I was still able to buy whatever I wanted.
2. You have no idea how much you can spend this week on eating out, so you might as well splurge on that T-bone steak. That's freedom!
3. You're late on your mortgage payment because you spent too much on that T-bone. It's ok because your mortgage company understands.
4. You forgot to pay the water bill, so now you get to pay that fun activation fee again. Man I love those fees.
5. Your check bounced, so now you have to make the payment again and pay for all those bounced check fees. Wow, these fees just keep adding up.
6. You have a never-ending source of money coming from these credit cards. You can buy whatever you want!
7. You reach retirement age and you are now completely dependent on the government for all of your income. Wait, what?
Hmmm... maybe I should rethink this article. My goal was not to be a slave to my finances, and this just makes me feel like I'm always dealing with these fees and never know if I can pay a bill on time.
Ok, let's start over. Why you should organize your finances:
1. You will know how much money you have, won't end up overdrawn in the bank, and avoid those $30 fees.
2. You know exactly how much you have in order to eat out, and can stay within budget while enjoying a nice meal. There's freedom in completely enjoying a meal you know you can afford.
3. Your mortgage payment is on time. Dude..that rocks!
4. You actually paid that water bill on time. Man, it's nice to have water!
5. You never bounce a check and don't have to pay those bounced check fees.
6. You don't rack up a bunch of credit card debt that becomes nearly impossible to pay off.
7. You reached retirement age, have a nice chunk of savings, and even have a awesome Roth IRA account.
There. That sounds better. What are some of your tips for being smart with your finances?
Crystal Collins, a Savings.com DealPro, is an Atlanta local, adventurer, a health advocate and thrifty as can be. Check her out on her blog at TheThriftyMama.com.