Confessions of A Frugalista
by Veronica Mobley
As little girls our mothers told us, “always save for a rainy day.” In today’s times the definition of “rainy” has been distorted and molded into an entirely different meaning. Previous generations understood saving to be a careful consideration toward a stable future. Today, people have no idea why they’re saving so no real value has been placed on it.
Consistently setting aside savings is a must when planning to be able to retire and enjoy life. The key word here is CONSISTENTLY! Sporadically saving prevents you from gaining valuable time in the market, benefiting from the miracles of compounding, and ultimately accumulating a viable nestegg.
Although I’m in the finance industry and hear all the horror stories, I’m not immune to pressures of spending verses saving. But what I’ve found helpful is, reminding myself what I look like on paper (Personal Budget) and keeping my long term goals handy.
The keys to saving:
- Embrace the power of the word “NO.” It takes some getting used to, especially when saying it to your-self. But the rewards far outweigh the anguish.
- Spend less be utlizing tools that help you get the most from your money. (See links below)
- Consistently contribute to your savings.
Discounts to accent savings plan…
Veronica Mobley, is a Financial Advisor and premier catalyst for Women’s Economic Empowerment. She enjoys designing unique Financial plans, enlightening books and time with family. www.sassysuccess.blogspot.com