I have blogged about saving here (My Experiences with Online Savings Accounts), here (Frugal Living & Managing Risk, III), here (Frugal Living & Managing Risk, IV), here (Thrift Nation), here (Free 49-page Personal Finance E-Book from The Simple Dollar), here (11 Ways to Save Money Now) and here (Changing Values: From Borrow/Spend to Save/Being Frugal).
Cultivating a lifelong lifestyle of saving is like cultivating a lifelong lifestyle of healthy eating. Sure, both ways of life are plain, boring and require much discipline. But the rewards are real. Lifelong saving leads to financial health just as lifelong healthy eating leads to physical health.
This doesn't mean that we don't splurge once in a while. Far from it. Just as it's nice to indulge in a rich dessert, e.g., rich creamy chocolate mousse, so too we should give ourselves a financial treat as dessert once in a while.
We end up leading an unhealthy lifestyle when we don't watch what we eat. Sure, it feels good to eat all those rich fatty treats and desserts instead of fruits and veggies, but at what cost to our physical health?
So too, when we don't save, but instead finance our lifestyle through debt, debt and more debt, we might have the latest toys and gadgets to show off to others, but at what cost to our financial health?
Is there hope to get out of the vicious cycle of debt that have plagued the modern American society? Perhaps, there may be, as yesterday New York Times article, Shift to Saving May Be Downturn's Lasting Impact. What do you think? Do you agree? As for me, the jury is still out.
Read the other entries in my Frugal Living Tips Series.
Cultivating a lifelong lifestyle of saving is like cultivating a lifelong lifestyle of healthy eating. Sure, both ways of life are plain, boring and require much discipline. But the rewards are real. Lifelong saving leads to financial health just as lifelong healthy eating leads to physical health.
This doesn't mean that we don't splurge once in a while. Far from it. Just as it's nice to indulge in a rich dessert, e.g., rich creamy chocolate mousse, so too we should give ourselves a financial treat as dessert once in a while.
We end up leading an unhealthy lifestyle when we don't watch what we eat. Sure, it feels good to eat all those rich fatty treats and desserts instead of fruits and veggies, but at what cost to our physical health?
So too, when we don't save, but instead finance our lifestyle through debt, debt and more debt, we might have the latest toys and gadgets to show off to others, but at what cost to our financial health?
Is there hope to get out of the vicious cycle of debt that have plagued the modern American society? Perhaps, there may be, as yesterday New York Times article, Shift to Saving May Be Downturn's Lasting Impact. What do you think? Do you agree? As for me, the jury is still out.
Read the other entries in my Frugal Living Tips Series.
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