Saturday, September 19, 2009

Personal Finances

I've been reading a few blogs related to personal finances. I enjoy reading frugal dad and the digerati life, to name a few, but at the same time, I don't find their advise truly useful to me.

And the reason I don't really need their advise actually makes me proud: my finances are healthy enough.
Please don't get me wrong: I'm not rich or wealthy.
What I do have is a stable job and a monthly salary. And the discipline to save a part of it every time. But I never really thought that saving was a strategy... I just thought "not spending more money than you make every month" was just plain common sense, rather than being "financially aware".
I'm learning now that maybe this is something else that I need to be grateful to my parents for. Maybe it is because, being Argentinians, and having lived almost all of their lives in that country, my parents have gone through A LOT of economic cycles, and they never took stability for granted.
On the contrary, they have had savings taken away by the goverment on two different ocassions, they have experienced inflation in all its possible grades (from null to moderate to hyper), they have lived to see 5 different currencies being used at the same country... I know this sounds crazy to anyone from a developed country. Believe me, it is.

So I guess that they have unconsciously passed to me a set of rules that they follow and I adopted naturally when I sarted managing my own money... save a part of what you make, avoid debt as much as possible, don't buy too much stuff that you don't need. As long as I follow these very basic rules, I feel confident, and I still allow myself to spend a little extra in things that I enjoy. I don't want to take frugality to the extreme that all I care is to find the lowest price for everything... that consumes too much time and effort... I prefer to use those for activities that I actually enjoy.

2 comments:

ina said...

I love this posting. One of these days I'm going to write an entry about Finances. I'm currently managing the finances of a couple of friends who have lost their way. It's really uncanny to me how people out there can live paycheck-to-paycheck with absolutely no savings at all. Good for you -- it's a great trait to have. Plus, it will be one of those things you DON'T fight with your significant other about :) (unless he's the spending-kind...)
ina

MSQ said...

Hi Ina! thanks for stopping by.
My SO is the saving-kind (even more than I am). Even though I play quite a safe game with finances, I get to be the spender in the couple!