Friday Financial Tidbit-Why do you handle money the way you do?

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Instead of my normal Friday Financial Tidbit I am going to do something a little different today. Because my wife and I are busy moving this weekend I didn’t have a lot of time to write a long post. Instead I am asking a question for you to ponder today:

https://twitter.com/JWFinCoaching/statuses/362754552866422784

Some accumulate money to spend. Others earn money to pay bills. Others accumulate to hoard. Others accumulate to give. Which one are you?

This question really doesn’t have a right or wrong answer. But my challenge to you today is to think of why you are handling your money the way you are.

Feel free to share your answer in the comment section below, on Facebook, or on Twitter. Or if you want to keep your answer to yourself that’s fine.

But do spend some time thinking about your answer. How you answer likely impacts how well you are doing with handling your money. If you don’t like the answer, no worries; it’s never to late to change your answer.

Interested in learning more about my views on money?

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“JW’s Manifesto on Money”

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2 Responses to Friday Financial Tidbit-Why do you handle money the way you do?

  1. Lacey says:

    I grew up pretty poor. My Dad and I lived in a 1 bedroom apartment in the basement of a distance relative (My Dad’s Sisters Husband’s Great-Aunt). We couldn’t afford a vehicle, home phone, cable or new clothes. This has caused me to become a hoarder with money. I fight with hoarding everyday. I usually wear items that have holes or stains because they are still functioning. I wear contacts and use make-up WELL after they’ve expired. (I have some make-up that’s 10 years old). I also think about my purchases before I make them. How functional is it? What will I do with it when I get home?

    On the down side, I also think that my income earning potential is higher than I’m currently earning. My Dad worked very hard in a factory for a long time. I seem to think that low paying jobs are a blessing and I shouldn’t complain because at least I’m getting something. But I also think that I work WAY too hard for the money I earn and that I could earn more.

    • Jon White says:

      Lacey, thanks for sharing. Sounds like you definitely know why you handle money the way you do. Like you said our early years are typically a good indicator of how we’ll view money in our later years, which isn’t necessarily a bad thing. But sometimes we need to take a step back and look at what we believe and see if it is holding us back or not.

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