Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
I guess I'm a born and bred saver for the most part. I think it comes from my family having practically no money when I was growing up. When I spend, I want to get the optimum value for what I spend. I'm too frugal to pay premiums like interest and late fees, or to pay extra for solely packaging or name - I don't generally find value in those areas. I try to only spend where I find value.

It's kind of cliche, but I pay myself first. And that money that I pay myself goes into the saving bucket (I think of it as a whole, whether it's 401K, Roth, investments, cash savings, etc) where it's NOT to be touched. It's for growth. Psychologically it's just not accessible to me anymore. The temptation to spend it goes away completely.

Managing money is important for me for safety and for independence. I don't want to feel like anyone owns me. Financial freedom is my main goal.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.