This week I began to comment on Mogul in Training’s Blog about how people view money and realized I had a lot more to say on the subject than a simple comment. So I decided to give her some link love instead and write an entry here.
In the past, I equated money to time and thought of it simply as a means to pay other people or buy “Things”. I was always willing to pay whatever it took to save me time. I prefered to shell out money to not have to spend time on things I didn’t want to do so I could spend it doing the things I wanted. Which would have been fine if I had the money, but I didn’t. I was using borrowed money and therefore borrowed time. I am now working more and paying for that “borrowed time”.
I also used to be very negative about people who spent money on things I thought were ridiculous like designer clothing, expensive cars, and large homes. I always said money wasn’t important, equating it to material goods. As Mogul in Training pointed out, money is simply a tool to use in your life. She has a very good point and I realized to some extent I still hadn’t quite come around to thinking about money as a tool yet. I had evolved to viewing it as a safety net, but as I am writing this, I realize it really is just a tool. If used correctly, money can be very powerful in my life and the lives the people around me. I like this way of thinking and need to nurture this notion in myself.
I have plans for my future and those I love that require money. What are those plans?
- Like I posted yesterday, I want to write bigger checks to the charities of my choice.
- I want to live comfortably well within my means and not worry about unexpected expenses.
- I want to love the work I do and not worry that it doesn’t pay enough to cover my bills.
- I want to be able to take a vacation once in a while.
- I want to be the awesome “Auntie Jenn” that paid for ballet and summer camp for P, N, & J.
- I want to help provide P, N, & J all the adventures and experiences I was denied growing up and maybe get to experience some of those adventures with the kids.
All this takes money. Money is the tool. I need to start viewing it that way and prioritize my future needs and desires with my immediate needs and desires.
I know this intellectually, but in practice I am still struggling.