Payday Is Not Spend Day
Here’s another look at the past. After I graduated, I carried over a bad habit from college days.
My parents used to send money at the end of each month. When that happened, I would go out and spend some money…basically, to catch up since I starved for so long. I guess that should be expected considering how poorly we were, and still are, educated about personal finance.
Unfortunately, I carried over this bad habit. When I received my paycheck, I would go to my favorite hobby shop and spend some money instead of putting that money in the bank.
I even justified my purchase with a stupid logic: “Oh, I only have to work 3 hours to pay for that $24 purchase.” Really stupid considering I didn’t even take into account taxes. Not to mention I spend my paycheck on the stuff I wanted, instead of the stuff I should be saving for…like rent, food, and so on.
Luckily, that didn’t last very long…
Some good financial finds:
- It’s Never Too Early to Teach Children Good Money Habits at Cash Money Life — Really…it’s never too early.
- 5 Financial Items We Tend to Procrastinate at Fiscal Fizzle — I can relate. There are a few items on this list that I could do better on.
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Thanks for featuring my post!
Posted on April 26, 2010 at 11:13 am.
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Posted on May 21, 2010 at 12:21 pm.
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Posted on June 16, 2010 at 5:05 am.