Does your spending reflect your values?
Yesterday I worked out what my values were in relation to money (see previous post). I found out I wanted money so I could feel free, independent, spend time on what I wanted to do - which includes travelling, helping people and doing rewarding work.
Now, according to Chapter 2 of Smart Women Finish Rich, I should look at my spending and see if my spending reflects those values. And it does - in part. I spend my money on travel. But I don’t compensate for that by investing or creating assets which generate money for travel. I just travel, and so the money goes down until there’s none left.
I also spend money on: food (cafes, restaurants, takeaways) and clothes (often expensive boutique fashion that I barely wear, and don’t really care about).
So, as my friend says, back the truck up! I should cut down on those things and create a proper budget and stick to it. That’s what I never do. I just spend until I have nothing left.
Having said that, there are two things I spend money on that I refuse to give up. Because you have to live your life as well. These things are: my morning espresso and my monthly film magazine. To throw in a random German word, these things are unverzichtbar (un-give-up-able).
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Monday, February 19th, 2007 at 1:38 am
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