by Mary Hunt
It took me a long time to fully understand that money is for managing first and then for spending. It takes courage to believe that, but when you do it will profoundly change the way you think about and manage your money.
You gulp a couple of eggs; chew up some butter and sugar; and down a load of flour and cocoa. You pull into the driveway completely disgusted with yourself. You try to hide the evidence but it’s all over your face.
The worst part: Eating the cake was not nearly as satisfying as you’d dreamed. It was anything but enjoyable. The ingredients for your chocolate cake are gone and now you feel ashamed and embarrassed.
No matter your situation–single, married, old, young, whether you’re deeply in debt, unemployed or at the top of your career–you need a system through which to process every dime that enters your life.
Only then will you fully understand why money is not for spending. It is for managing first, and then for spending.
Be sure and come back every Thursday for a fresh installment in my Smart Money series. To see the rest of the series, just click the tag at the bottom of this post and it will bring up a list of them.