Ignore the Saving Mockers
Posted by Gail | Filed under Saving
Y’know all those people who make fun of you because you “can afford it” but choose not to blow your money? They’re just jealous!
Did you hear the story of a couple that is raising four children on one teacher’s pay of $40,000 a year. Dad says they live comfortably and are very happy. They decided when they married that mommy wanted to stay home with the kids, so they set about executing a plan that would have them mortgage free with a big fat emergency fund by the time they had their first child. They did it by living off one income – her lower one – and using all of his income for mortgage pay-down and savings.
While you might thinking living on one income would be the hardest part of their plan, you’d be wrong.
The toughest part: dealing with the mocking he got from people who were spending money. “Pride is sometimes a hard thing to swallow,” he’s quoted as saying. But the couple persisted, doing what was right for them and living below their means.
I’ve had this experience myself. I’ll be in a store browsing around with friends and they’ll say, “Buy it, you can afford it.” I think to myself, “No I can’t.” They assume because I make a good living I can buy myself whatever I pick up and look at. Perhaps I could. But then I wouldn’t have a big fat FU Account that lets me sleep so peacefully at night.
It’s not just if I can afford it, you see. It’s also if I can “thoil” it. Thoil is a Yorkshire word that I discovered a while back that fills a hole in our language of Needs and Wants. It means “to be able to afford something, but to be unable to justify the expense.”
While I may have taken care of all my needs, and have the money sitting in the bank to buy whatever has caught my fancy, if you can’t justify the expense, I say, “I just can’t thoil it.” Sure, I can afford it, but I just can’t justify spending the money. And yes, I might love to have it, but what I would have to give up isn’t worth it.
Having money tomorrow means making choices today. Sometimes other people won’t understand those choices. Sometimes they’ll roll their eyes at your, “Sorry, don’t have the money for that this week.”
I’m not sure why our peer-pressure is geared to doing us more harm than good. I do know that if you’re determined to have what you really, really want, you’ll have to turn a deaf ear to the taunts and temptations.