Does Your Bag Have HOLES? Where did Your Money Go? Watch Your Pennies.

Money: Holes in your pockets can be a problem. Without realizing it you could lose something very valuable you made a deliberate attempt to keep. Holes in our financial system will exist if we operate without a plan.

Retailers have mastered the ability to capitalize on our tendency to engage in unplanned purchases and bait us with the things that have the ‘Gotcha’ factor. They are masters at making that process easy peasy. Cha-Ching! Another dollar bites the dust.

Haggai 1:6 “You have planted much but harvest little. You eat but are not satisfied. You drink but are still thirsty. You put on clothes but cannot keep warm. Your wages disappear as though you were putting them in pockets filled with holes!”

So how do we keep MORE of the money we make?

I am so glad you asked. 

money, goal,

The culprit for us being ‘short’ the money we thought we had is rarely the purchase of a big-ticket item. You have to watch those pennies. It is those $2, $5, $20 purchases that actually do us in. We never feel those when we spend it, and we cannot recall those as we try to do the math to find the missing money.

If you create a spending plan (note I did not say budget) BEFORE the money is spent, then the chance of being short will not happen by surprise. In fact, if you are going to be short you will know ahead of time, and by how much is more powerful. For example, if you know up front that you are going to be short $500 to meet your obligations, then not only will you be less likely to spend those $1s, $5s, and $10s as you go along – but you can decide which debt will not scream that month if you deliberately hold off paying until the next round. OR, you can decide to ask your boss for 10 extra hours of overtime that month to help you hit that $500 shortfall.

Planning is POWERFUL!

Failing to plan is planning to fail. If you do not have a plan for your money before you spend it, you will spend it and not have it for the things that matter – like keeping the lights on so you can see yourself in that new, expensive brand kicks you just had to have. Buy the kicks (shoes) by all means IF you planned it in your spending plan. To buy them on a whim, even if they were on sale is to steal funds from other urgent areas.

The goal of this blog is not to steal the joy out of your quality of life, but to help you plan it in. PLAN for your quality of life experience. Assign specific dollars to that bucket and enjoy those dollars to the fullest. Chances are when you plan this way, you will spend your money more wisely on things that have real value and not just cheap trinkets you won’t use later.

Before you envy your friend or neighbor for what they have, consider for a moment what they did, or sacrificed to have that thing. Chances are, if you would do what they did, you would get what they got. Very few things happen with secret recipes or luck. Most of us just want to believe they are because it is easier than taking responsibility for our actions or lack of.


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