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I find having a good income just brings on the stress of ensuring that you are saving enough for when you no longer have a good income, and so that $1 soda is s
by randomdata 13y ago
I find having a good income just brings on the stress of ensuring that you are saving enough for when you no longer have a good income, and so that $1 soda is still a mental hurdle, even if you can easily afford it.
- sejordan 13y agoI've found that automating my finances make a lot of those stresses go away. I don't have to worry about accidentally overspending in my checking account and not being able to pay my bills because my bills are paid from a separate account, and they're all on auto-pay. Likewise, my savings and retirement investments are automated and I just know that enough is going there. I have a checking account, which is labeled "Spending" and that's what I use to buy groceries, etc. It doesn't matter that it's literally dwindled down to almost $0 a couple times a month because my bills and investments are automatically managed. My wife and I lived pretty poor for the first 3 years of our marriage, and only the last couple years have I been earning enough to be able to "set-it-and-forget-it" with my finances. The reduction in stress is HUGE, though. Earning more money definitely allows you to spend your time thinking about things that don't cause such stress.
- randomdata 13y agoInteresting perspective, but I feel like the stress comes from the idea that you can never have enough saved. Even if you schedule a certain percentage of your income to be saved automatically, what if you need that percentage + N in the future? You are ultimately limited by your income, but within those confines, if you squander a $1 now, you won't have that $1 to fall back on in the future.