I wanted to try something different today by sharing 7 random thoughts on personal finance. These are just random points that I had on my mind and wanted to throw out into an article. Instead of trying to force myself to create separate pieces, I wanted to get a bunch of thoughts off my mind. Let’s see what happens when I ramble about money…
Thought #1: Looking good is becoming very expensive.
I’m always surprised by how much basic items can cost in certain stores. A pair of jeans can cost over $100, a random t-shirt can go for over $50, and shoes will easily cost you $100. That’s a lot of money to just put an outfit together for a night out. I used to spend more of my income on clothing that I care to admit when I was in high school. Now we turn it into a challenge to see who can spend the least amount of money on looking great. Why does clothing have to cost so much?
Thought #2: Saving money is powerful over time.
Saving a dollar here and there today feels like a waste of time. However, over time it’s intoxicating to see how much your savings can add up. I wrote about the power of automated savings before because I was really surprised by how much money you can save when you just put $25 aside weekly. Have you ever impressed yourself by saving a huge sum of money in small doses?
Thought #3: Paying off debt sucks.
When you’re paying off debt you’re taking money away from other areas of your life. This is money that you could put towards literally anything. I recently had to use my credit card to cover a string of bad luck I had with my car. My emergency fund helped me out a lot, but it still sucks sending this money away to your credit card.
Thought #4: It always feels like travel is too expensive.
Whenever I try to organize a trip it’s difficult to get everyone to get the money together. It’s a shame that travel can be so expensive. I feel that every young person should take the opportunity to travel and see a bit of this world. The reality is that with an average income and lots of bills, travel can become another accessory that we put on our credit card or simply just can’t afford. I really do wish that travel was more affordable.
Thought #5: Everyone wants sexy investments.
Putting your money into a savings account feels so boring. I often catch myself researching ways to invest my money. I have friends that constantly update me with new investment opportunities. It just feels like everyone wants to find the newest way to invest money and get rich. What do you guys do with your savings?
Thought #6: Cell phones can be pretty costly.
Cell phones are so damn expensive. I’m sick of even looking my cell phone bill sometimes. I just really enjoy the data plan. How did anyone communicate without BBM?
Thought #7: Earning more money is really exciting.
I’ve really come to enjoy finding new ways to increase my income. I don’t want to come off like a greedy jerk. I just enjoy the challenge of utilizing my skills to improve my income. Do you get excited when you find new ways to make money?
Those are my 7 random thoughts on personal finance for the day. Do you have any random thoughts on money-related stuff that you would like to add?