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Author: lizmonster Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59653  
Subject: Re: Your Brain Wants You To Be Poor Date: 2/22/2007 10:37 AM
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My number one priority to retiring early is keeping my money out of my wallet.

I suppose DH and I do something like this. All of our income is budgeted, some of it to savings; but "allowance" is also a budget item. So for discretionary items, that allowance is all I ever really see.

Of course, I've got enough in credit to buy a house, a couple of cars, and a fleet of rainbow-colored iPods. I haven't carried a balance in many years, though. I do find myself reading the Credit Card board here sometimes to remind myself how much I HATE carrying a balance, and how saving for financial independence means so much more to me than going into debt for (oh, just a random example) an Apple 30" monitor.

Some days the biological imperative wins, and I have an Amazon.com orgy. But I've managed to condition my brain to keep those orgies within my means. (Christmas is still hard, though. Somehow it feels less virtuous to be frugal with presents, which is all the excuse I need to let that ol' live-for-today click-and-buy instinct go absolutely wild.)

Oddly, Adrienne saves naturally. She can pinch a penny well, and it will drive me nuts. I just can't spend 5 minutes trying to figure out which bar of soap is the better deal. What she can't do is invest the money. She has zero risk tolerance and ends up putting the money in an account with wretched returns.

Sounds like you complement each other well. I hung around for a while with a guy of the "I work hard; I deserve it!" school. Not a good combination for long-term success.

-lizmonster
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