I've wanted to write my thoughts on this. Is it worth it to be a penny pincher?
It's funny when things were going great in my life such as after taxes or even before my first kid was born I relaxed on pinching my pennies. We would eat out 6 days a week buy clothes hit the road almost every weekend pay extra payments on the car. My wife would get her hair and nails done buy dog food pay vet bills and would not even think twice about doing all of that. We had no kids and those were needs to a young married couple. As we got older our credit cards were eventually maxed out, income went down children were born and it finally caught up to us. I don't know if robbing my child's piggy bank to pay for groceries asking for an extension on our rent or a home refinance program made me feel worst but they all eventually made me realize that something needed to change. If I was going to be independent (and through my parents choice of not helping me I had nobody) I needed to change. I needed to find out how finances work why mine were not working and through alot of hard work, rearranging my debts finding out how to control debts and most of all inspiration from non other than my heavenly Father I did find ways to save. I stopped spending money I didn't have, I made more, saved a TON, and became with the exception of our house DEBT FREE. I am currently at Disneyland fully paid for vacations using no debt and EARNING and SAVING money while here. So yes it is always worth it to find savings. DO NOT STOP PINCHING YOUR PENNIES!
In my next few blog entries I will explain what to avoid buying and why. If I had known this info, no joke, I would have close to 80 GRAND in my account from savings interest and cash back rewards.
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