Hindsight x’s 20 (Advice from the poor house )

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Please NOTE : I actually wrote this several months ago and it is aimed at the working class, particularly younger folks who are just starting out. It is the BEST advice I can give you! Perhaps old-fashioned BUT advice I wish I would have heeded when it was offered to me many moons ago.

Hindsight x20

I don’t know about you but I have always had to work hard for my money without a lot of extra to show for it. Luxury homes, car notes, dining out on a regular basis, and extravagant family vacations were never in MY budget. I think I’ve been to the movie theatre maybe three times in ten years. HUGE waste of money in my eyes.

Mind you, I am not complaining. I have always been pretty frugal and life was good in spite of the financial challenges. I certainly never considered myself to be poor or needy until now.

Still, I am sure that in my working prime, there was at least a period of 20 years when I probably wasted $5 a day more than I needed on items that I would not have missed otherwise. Ahhh yes, frivolous every day spending on everything from take-out to those impulsive ( not-on-the-list ) purchases at Walmart. Heck I probably could’ve saved $35 a week on groceries alone and still ate well.

Hmmmm…

$5 a day x 52 weeks a year, multiplied by 20 years is $36,400.00, straight up! WOW, and that’s if you just kept stuffing it under the mattress and never touched it otherwise. Imagine, if you were able to get some sound investment counseling, what that figure might soar to.

Even on a smaller scale. $3.57 a day x 7 days is $25 a week x 52 weeks a year, multiplied by 20 years is $26,000.00 or there abouts.

Remember, that’s money you wouldn’t even miss! It’s amazing!

And little disheartening for me considering, that IF I had that money available to me over this last 20 months or so, I would have been able to pay my bills and still had money in the bank.

My husband and I actually had a tiff the other day about this.

I’d gone to Dollar General, with the intent of spending at least $30.00 so I could take advantage of a $5 off coupon. I spent just over $30 and I got enough food to feed us for three days and other essentials . I also got non-essentials like cookies, Reese’s cup, and two bags of honey mustard snacks from the $1 aisle. Yes, my $5 savings was spent on snacks.

I was pleased with my purchases but noticed my husband grow sullen as he put stuff away.

He said, I was being frivolous with the snacks. I was appalled by his accusations. But my husband of scot heritage takes being frugal to a whole new level. CHEAP might be a better word, and I told him so.

Yes, he went too far in my estimation. And even he apologized for reacting the way he did once he had time to cool off and think about it.

But it did get me thinking about it and I got out the calculator the next time he left the house.

While my trip down the snack aisle isn’t the best example, it does prove a point.

We all do it and we all do it on a regular basis. I don’t care whether you make $15,000.00 a year or $150,000.00 a year.

There’s always room to sock a little away, and not even miss it.

I mean seriously, who here couldn’t benefit from an extra $20,000 dollars right now?

I know I could!

Hindsight is 20/20 they said. Sighs…