You Must Adopt Minimalist Living
Many Canadians are finding themselves caught between the struggle to save money and repay their debts, says a survey from TD Bank.
In the report, 38 per cent of Canadians surveyed said “they had no savings at all.”
This is rather worrisome don’t you think?
In another article in our provincial paper the provincial power utility is eyeing a 9% rate hike next year. Add to this the crazy amount for home heating fuel and gasoline($1.33 per liter), and higher food prices at the grocery store and I begin to wonder how people get by.
The truth of the matter is that a lot of folks are “robbing Peter to pay Paul”. Juggling payments and credit card debt from one week to the next.
And these are folks in higher earning brackets.
It irks me when I hear how much some people make and yet they are broke.
I mean, to me 40000.00 dollars a year and up is A LOT OF MONEY!!
And you can’t save??!!
It has to stop.
Ask yourself this question:
If I missed ONE paycheck would I still be okay?
If the answer is no, then there is something wrong with your personal money management.
You absolutely need to live a minimalist lifestyle. Minimalist living does not mean a spartan existence with no belongings.
It simply means re-evaluating what is important to you.
Examining every purchase before it is made.
Ask yourself, “Do I really need this item right now?”
I am not saying you can’t have certain things but it is a matter of priorities.
If you have ANY outstanding bills or debt then you must pay those first before you go out and make another consumer purchase.
You are an adult right? Then start behaving like one.
Tough words perhaps but it is time for a wake up call.
In the above report 12% of respondents admitted that they were impulse buyers who “shopped beyond their means”.
Where does this come from?
What ever happened to budgeting? Saving for things?
Schools certainly don’t teach it.
And parents are probably too embarrassed to sit down with their kids and teach them about money.
Show your kids your paycheck. This is what I make and this is where is goes.
No wonder our younger generation has a feeling of entitlement. No one takes the time to show them a better way of money management.
They don’t have a clue how much stuff costs and how much it costs to just LIVE.
It is up to YOU to show them.
Look around your place. How many things did you buy that were not really needed?
Sit down with your partner and/or children and set a budget.
You will feel better for doing so.
Minimalist living can be for you.
Be broke or be free.
It’s up to you.
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