Why Money Matters

Rubbing Pennies started as a personal challenge to save $10,000 in one calendar year. As a young couple, we (Ian and Jen) know how important it is to live within your means, avoid acquiring a lot of debt and have a healthy financial cushion to fall on in case of emergency. On April 10, 2010, we set out on the journey of marriage with two steady incomes, a newly purchased home, one vehicle payment, and a very modest savings account. In an effort to beef up our piggy bank, we launched Rubbing Pennies in January 2012. This is our story of how we love the life we live, and how we can afford it.

Monday, June 25, 2012

I Don't Have a Money Tree

When you find yourself spending money on silly things or things you don't need, it's time to re-evaluate what your money is worth to you. Like our parents always said, "Money doesn't grow on trees."
   The next time you go to Target and inevitably browse the "Dollar Spot", ask yourself if you really need colored mini buckets to put trinkets in. And while you're at it, do you really need the trinkets that go in said bucket? I know I don't.
   I tried on a dress today that I didn't love. I started talking myself into getting it anyway. I could wear it to work. It is the right length and neckline. I could wear a blazer or cardigan with it. It does fit. But I don't love it. Why do we do this? Why would I waste my hard-earned money on something I had to talk myself INTO buying? Shouldn't I save my money for something I love so much I can't even talk myself OUT OF buying it? I didn't buy the dress.
   The moral of today's story: If you don't need it or love it, don't buy it. Put it down. If you're still thinking about it in a week and you can afford it, go back and get it.
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