Artwork

Innehåll tillhandahållet av Randy Cantrell. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Randy Cantrell eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
Player FM - Podcast-app
Gå offline med appen Player FM !

Spending Control: How’s That Working Out For You?

1:01:07
 
Dela
 

Manage episode 364286875 series 2155250
Innehåll tillhandahållet av Randy Cantrell. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Randy Cantrell eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
PNC.com has these 10 recommendations in a post entitled, How To Stop Spending Money. Create a budget. Visualize what you're saving for. Always shop with a list. Nix the brand names. Master meal prep. Consider cash for in-store shopping. Remove temptation. Hit "pause." Think reusable. Keep at it! There are probably millions of lists like this. Some are just as profound as this one. ;) I intentionally used the phrase "spending control." It's impossible to stop spending money unless you're dead. But it's very possible to get a better grip on our spending if we want to. Why This...Why Now? In early March we sold our house of 25 years and moved. Clearly, it had been 25 years since we'd done it so we weren't exactly in game shape. Lots of things have changed since the late 90s. Our age tops the list. The economy is right up there, too. Our life circumstances, too. Back then we were a family of 4 with two high schoolers. Now we're an older couple with almost 20 years experience in being empty nesters. Then there's the practical realities associated with our selling our house. We had a built-in refrigerator so there was no refrigerator to move. We included the washer and dryer with the sale of the house...so no laundry to move. That's great on the front end, but when you move you need a refrigerator and a laundry pair. So you have to buy them. Then there's the impractical realities associated with selling our house and moving. We moved into an apartment just a few miles away from our old house. Refrigerator, washer and dryer included. Great! But we had an opportunity to really disrupt life so we took it. We bought a house miles away and we moved into that. Wait a minute, what? You heard me. We moved twice at the same time. About 90% of our stuff was moved to the house and the other 10% went to the apartment. All at the same time! My body is still paying the price. Thus began the outpouring of cash. That's why this is currently top-of-mind. And that's why I'm discussing this now. It's Always A Good Time Is there ever a time in our lives when it wouldn't be profitable to re-examine our spending? No. It's always wise to be more thoughtful about where our money goes. John Prine's classic song, Sam Stone, includes the line: There's a hole in Daddy's arm where all the money goes. Dad came home from the Vietnam war injured, physically and emotionally. Now he's a junkie and that's where all the money goes. Where does all your money go? Do you know? Here's the lead sentence in a recent news story about the United States government spending - specifically, the debt our government enjoys elevating: As talks over raising the U.S. government's $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout from a potential default. Do citizens take their cues from their national government? Or does the government reflect the habits of their citizens? It's a chicken or egg thing. I'm sure somebody smart has studied it. Here in America we love debt because we love spending. We hate saving. More than anything, we hate waiting. The average American holds a debt balance of $96,371, according to 2021 Experian data, the latest data available. Anti-capitalism folks blame it on consumerism driven capitalism. I blame it on lack of individual responsibility and low self-discipline. We're bombarded with advertising and marketing urging us to buy. Right now! We mostly listen. And do as we're encouraged because we want to. Nobody is forcing us. We're burying ourselves because we want what we want and we want it now. Cash Flowing Life Means Living Within Your Means (every month) Calculate your monthly income and discipline yourself to not spend any more than that. That's cash flowing life. It doesn't mean you must spend that amount, but it does mean you won't exceed it unless it's an exception - and you're prepared with a strategy to pay it ...
  continue reading

100 episoder

Artwork
iconDela
 
Manage episode 364286875 series 2155250
Innehåll tillhandahållet av Randy Cantrell. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Randy Cantrell eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
PNC.com has these 10 recommendations in a post entitled, How To Stop Spending Money. Create a budget. Visualize what you're saving for. Always shop with a list. Nix the brand names. Master meal prep. Consider cash for in-store shopping. Remove temptation. Hit "pause." Think reusable. Keep at it! There are probably millions of lists like this. Some are just as profound as this one. ;) I intentionally used the phrase "spending control." It's impossible to stop spending money unless you're dead. But it's very possible to get a better grip on our spending if we want to. Why This...Why Now? In early March we sold our house of 25 years and moved. Clearly, it had been 25 years since we'd done it so we weren't exactly in game shape. Lots of things have changed since the late 90s. Our age tops the list. The economy is right up there, too. Our life circumstances, too. Back then we were a family of 4 with two high schoolers. Now we're an older couple with almost 20 years experience in being empty nesters. Then there's the practical realities associated with our selling our house. We had a built-in refrigerator so there was no refrigerator to move. We included the washer and dryer with the sale of the house...so no laundry to move. That's great on the front end, but when you move you need a refrigerator and a laundry pair. So you have to buy them. Then there's the impractical realities associated with selling our house and moving. We moved into an apartment just a few miles away from our old house. Refrigerator, washer and dryer included. Great! But we had an opportunity to really disrupt life so we took it. We bought a house miles away and we moved into that. Wait a minute, what? You heard me. We moved twice at the same time. About 90% of our stuff was moved to the house and the other 10% went to the apartment. All at the same time! My body is still paying the price. Thus began the outpouring of cash. That's why this is currently top-of-mind. And that's why I'm discussing this now. It's Always A Good Time Is there ever a time in our lives when it wouldn't be profitable to re-examine our spending? No. It's always wise to be more thoughtful about where our money goes. John Prine's classic song, Sam Stone, includes the line: There's a hole in Daddy's arm where all the money goes. Dad came home from the Vietnam war injured, physically and emotionally. Now he's a junkie and that's where all the money goes. Where does all your money go? Do you know? Here's the lead sentence in a recent news story about the United States government spending - specifically, the debt our government enjoys elevating: As talks over raising the U.S. government's $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout from a potential default. Do citizens take their cues from their national government? Or does the government reflect the habits of their citizens? It's a chicken or egg thing. I'm sure somebody smart has studied it. Here in America we love debt because we love spending. We hate saving. More than anything, we hate waiting. The average American holds a debt balance of $96,371, according to 2021 Experian data, the latest data available. Anti-capitalism folks blame it on consumerism driven capitalism. I blame it on lack of individual responsibility and low self-discipline. We're bombarded with advertising and marketing urging us to buy. Right now! We mostly listen. And do as we're encouraged because we want to. Nobody is forcing us. We're burying ourselves because we want what we want and we want it now. Cash Flowing Life Means Living Within Your Means (every month) Calculate your monthly income and discipline yourself to not spend any more than that. That's cash flowing life. It doesn't mean you must spend that amount, but it does mean you won't exceed it unless it's an exception - and you're prepared with a strategy to pay it ...
  continue reading

100 episoder

Alla avsnitt

×
 
Loading …

Välkommen till Player FM

Player FM scannar webben för högkvalitativa podcasts för dig att njuta av nu direkt. Den är den bästa podcast-appen och den fungerar med Android, Iphone och webben. Bli medlem för att synka prenumerationer mellan enheter.

 

Snabbguide

Lyssna på det här programmet medan du utforskar
Spela