C(ash) R(ules) E(verything) A(round) M(e)
Although having a minimalist mindset, for me, isn’t so much about spending less as it is about living with less, I find myself seriously evaluating where all my money goes. I, mean, I have worked in banking for the last twenty-three and a half years, so I check my bank account damn near every day. While I see the money trickling in yet pouring out, I haven’t been mindful (There’s that word again!) of where the moolah is actually going. I’ve always been focused on is my balance correct and not so much on “Why the fuck did I just buy that?!”
Well, that’s changing, and I know the above statement may be somewhat controversial, but let’s face it: You need money! Specifically, you need cash to obtain freedom — freedom from debt, freedom from worry about not having enough money, freedom from everything that suppresses you from not having enough money!!!
What’s so upsetting for me right now is that I’ve always maintained the belief that I don’t have “enough money” to pay down my debt. I challenged my own mindset by pulling my last three bank statements and highlighting every purchase that wasn’t a necessity (rent, utilities, food, insurance…) and the numbers were staggering! Mind-blowing is more like it. After I crunched the numbers, I realized that I could’ve cut the balance on a debt-consolidation loan I have by half. HALF!!!!
Y’all!!!!!! I wish I could kick my own ass! But I’ve allowed myself five minutes of anger and sorrow, and now, it’s time to get to work. I have never been as serious about getting out of debt than I am at this moment. I’ll be fifty in three years, and I want to enter the next phase of my life debt-free. I don’t want to be paying frivolous bills on shit that I probably will no longer own.
That’s another thing! I’m paying debt today for shit I no longer own! If that ain’t a wake-up call, I don’t know what is…
My plan? Track my spending for thirty days, and I mean, log every cent that I’ve spent, along with why I felt I needed to make that purchase. At the end of the thirty days, I’ll reassess and determine if the purchase was a necessity or a frivolity. Then I’ll determine if I could’ve done without the frivolous purchase and created other ways to satisfy that need without having to spend money.
Yes, I’m probably overthinking this, but that’s what I do. I’ll follow up next month with my findings.