Saturday, November 6, 2010

Challenge 21 - Saving

On Sunday November 7, 2010 daylight saving time ends; which lead me to thinking about the concept of saving. In many situations it can be more desirable to save something (in this case light) for when it would be more useful. When we go to standard time we 'fall back' and hour, which means we will gain an hour of light in the morning but lose the hour of light in the evening. In this situation there is only so much of the resource (light) so the best we can do is create a small shift.

The Challenge:

This weeks challenge also goes in two directions. Saving money and/or creating more of what you want in life. You can do both pieces to this challenge or pick one.

1) First lets talk about saving money. Do you typically save some, spend every penny you get, or overspend? Your relationship with money is less tied to how much you have and more part of who you are. People with very little money still save (and still give), and some people will always spend beyond their means. Take some time to think about your relationship with money and what beliefs and values come to mind? For example; do you believe you are a hard worker and deserve nice things now? Do you believe you will earn more later so charging (borrowing) is okay because you can pay it back later? Do you believe "A penny saved is a penny earned"? Take a moment to write down a few things that come to mind and see if you are pleased with what you are discovering about yourself. If not; what shift can you make? This can be a new goal.

Money is energy and another name for money is currency. When you borrow you are giving your energy away; and usually you have to pay more money (interest) for the privilege of borrowing. You are indebted to someone and in debt. This can leave you feeling empty and powerless. Money creates opportunities. Even if you don't need a lot of money, it's still a good idea to save and if you want you can always give it away and create positive change (energy) for the world around you. Are you typically a giver or taker? Even small amounts of saving and giving is very powerful.

2) What would you enjoy having more of in your life? There are many things you can't put a price tag on like happiness, love, peace, friendship, etc. You need no money for these things so take a moment to write down what it is you really want. For exmaple, some people may think buying an expensive car will make them feel important but you can feel that without the car if you'd prefer. It's about your actions not your things.


What I'm working on:
As my husband and I work on decorating our new home we have decided on a specific amount of money to use to get started. It is not a lot so I am told so I have carefully prioritized what I want. When that initial money is gone then we will create a monthly allowance based on our earnings.

I believe another upside to the 'pay as we go' approach is that the anticipation makes it more special. It's like waiting for a big vacation. Sometimes half the fun are the months leading up to the big trip. Every day seems lighter and easier because there is something to look forward to.

1 comment:

  1. This is a good article. Using the notion of "saving light and saving money" is interesting. This time of year, here in the northeast, with less daylight, made more noticable because of long days with overcast skies, it is easy to ponder warm days of summertime and all the good stuff from the small garden Maria and I grew. The money thing makes me say "ouch". I know I don't like to think about it, and don't much. This leads me to my "live more simply" goal and I know I can do one little thing this week to be ready. Certainly it may require some money to shift into a new space, or maybe it is just looking at the way I waste money, especially that cup of latte at Starbucks. Somehow I can always justify that. Yes, my relationship with money (or lack of a relationship with it) may be the thing to tackle this week. Thanks

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