Have you ever sold something for cash? This is how I have realized the real value of money.
Such a weird feeling!
You post something for x amount of dollars, sell it for x amount of dollars and now that thing becomes a stack of bills.
Example – selling a car
Think about the magnitude of selling a car. The car is done, you are over the problems and just want to get it off your hands so you sell. Then that car, the thing that has gotten you from A to B for hundreds of days is now gone, becomes cash. The cash gets divided into things you need to survive, including another car to replace that one.
you can afford anything, not everything
Placing a value on something is subjective. On a daily basis, you look at something and subconsciously calculate what you think it is worth. Then you learn the real cost once you are ready to buy and compare your guess to the actual amount. Is it worth it?
How long does it take YOU to make that money? That is the subjective value of money in your eyes.
Living on my own, without my parents to pay the bills, I have realized living minimally is not only the smart thing to do, but the thing that will allow me to achieve my goals.
Yes, buying new things is always fun. But, the price tag of groceries every week and adventures seems much more important.
I have come to the realization that I do not need hundreds of articles of clothing, or shoes or nick nacks to collect dust. I need the tools to make the food I enjoy eating (and of course the money for that food), money for bills and gas, and the ability to save for future adventures (including buying my own home).
this is not a ‘surviving’ budget, this is a ‘living how I want to live’ budget
Not everyone is going to have the same goals as me in regards to prioritizing money. What do you value the most in life? Having lots of things and name brands is great, but the pleasure ends as soon as that name brand becomes boring or the style is replaced with something new.
buying practical goods
practical = classic, economically responsible + considers the longevity of the good
My current way of life revolves around buying practical goods in all aspects of my life. Practical equals classic, economically responsible and considers the longevity of the good.
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