When I was younger, I was notorious for spending money willy-nilly. At the end of the week, I couldn't tell you where my money went or how much I had left. I was young, single, had a good job and as long as the bills were paid, I didn't worry about much else.
Like most people my age, I wasn't raised that way. My mom was amazing at pinching pennies. She was a single mom with two kids, and even though she didn't make much money, she managed what money she did have so well that neither my brother nor I really even realized that we didn't have a lot.
Now, I'm a mom myself, and I've had to become a money-managing boss, just like she was. Lucky for me, I had a great example, so I already knew a lot of the tricks of the trade. Some people aren't so lucky.
When my daughter was born, I had to quit my job and become a stay-at-home mom while my husband worked. Going from two good incomes to one put a definite strain, not only on our lifestyles, but on our marriage. In the end, the marriage ended, and one of the big complaints my husband had was that he couldn't handle knowing that he made really good money, and after supporting a wife and kid, he didn't feel like he had the lifestyle to show for it.
I understand where he's coming from, and I know that a lot of marriages end this way. I hope that he gets the flashy expensive toys that he wants, and I hope they make him happy. I however, don't believe that collecting material things necessarily equals happiness. I agree with this quote from the late George Carlin -
I have decided to raise my daughter the way my mother raised me. I'm currently in the first year of starting my own business, so money's tight anyway, but regardless of how much or how little money I make in the future, our lifestyle will remain constant. I won't spend money on needless expenditures, and I will teach my daughter the importance of saving for things you really want.
For an early birthday present this year, my mom bought me a series of books, called
"Who Knew?", which is a collection of books with tips for using common household items to fix problems, rather than pay for costly solutions. It also has great tips for cutting costs in all aspects of your life.
Since I'm all about cutting costs and pinching pennies, I'm constantly looking for tips and I'm going to share what I learn. I'll be testing out the tips in the books, as well as tips from Pinterest and my various magazine subscriptions and posting the results.
I hope you follow along and I hope I can help you start saving more money in your own lives.