Happy Friday friends!
It is truly a happy Friday because, can you believe it? The Big Spender has left the building. Yep, I am actually having a fantastic budgetary month. Through some miracle I have yet to determine, I have only spent $1876 of my $3691 budget and there is only one week left in November. Of course, many of my expenses (read: bills) come out at the end of the month but the decline in spending is rolling like a giant snowball and gaining more momentum.
Reigning in my fashion spending that was increasing as the year progressed was no easy task. It has taken a great deal of restraint, retraining my brain and reminding myself repeatedly that it is not worth it. My main message that repeats through my brain: “I shall not want”. Sound familiar? Yep it’s from Psalm 23-28 in the bible. While I am not a regular churchgoer, I still believe and take time to pray, which in itself is a form of meditation.
The other explanation for reigning in the spending is simply, embarrassment. Or, should I say, a strong feeling of embarrassment. I find that when I can attach a strong negative feeling to something, it is the greatest motivator in the world for me to overcome that challenge and sense of weakness.
How did said moment of embarrassment come about?
In a bank, of course!
With two trips planned for next year, I walked into a bank with full intention of opening two foreign currency accounts. However, I received a surprise when they plainly told me if I did not have a bank package, they would charge me a 4% transaction fee. How does hell no sound? So, I sat patiently listening to her pitch on why I should become a client and she immediately targeted a bank package for those with $100K or more in assets to me. Hmmmm my brain chimed in. Then a sinking feeling crept in and the realization that I look and play the part of a wealthy individual, but in reality, am most certainly not. My stomach dropped, dreams of foreign currency accounts dashed, and for quite a few moments, I felt utterly stupid.
I marinated on that for a bit…dreams…stupid…embarrassed…”looking but not being the part”. Hmmmm. The culmination of all those feelings whirling around in my brain sent off alarm bells and for yet another brief moment I felt slightly more stupid. Then it happened…my brain finally put two and two together – I have been living a pipe dream. My brain proceeded to determine the best way to overcome this rather silly challenge I had for years created. At that moment, the focus I had been longing for came coupled with an extreme urgency to correct the years of financial silliness. I had decided I wanted a net worth of $100K or more and as quickly as possible.
I had achieved a sense of financial conquest.
With that, my friends, I give you “Tu’ppence” from my fave childhood movie Mary Poppins.
Have a fantastic weekend and tell me, what’s your financial “silly” moment?
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