Are your emotions tied to money? Are you fearful about spending or saving? Your life should be rich, not fear-based. Frugality shouldn't define you. Frugality is about being a good steward of your resources and YOUR TIME. I can't stand waste contributing to my carbon footprint. A lot of frugal people will begrudge others for the way others spend their money.
I always ask myself these questions when I find myself judging people who ask for my help in money management?
- What is their season of life?
- What are their health concerns?
- What are their time constraints?
- Do the things they buy bring them joy?
- Can they afford it according to their income?
These are just a few questions I think of when my adult daughter asks me for fiscal advice. What worked for me raising her may not work for her life. I have always had higher energy levels and have been skilled in time management.
Over the years, we have had some fiscal issues. Our rental was destroyed by a hoarder during the pandemic. If we had professionals come in, it would have been over 50,000. We did it ourselves for 20,000. That was the amount of resources we were comfortable using. Does this rental still give us trouble? Yes, however; I have the security deposit, pet deposit, and first and last month's rent nailed down. I would love for a tenant to leave our rental so that they can have these monies returned. However, that has yet to happen. Every cleanout, I think of all the things that tenants waste by leaving their things, and by not honoring the rental. agreement. These are the reasons people get stuck in the cycle of poverty. I tell every tenant It is easy to get their security back.
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