Once I came accross an article by Neal Gabler describing the secret shame of about 47% of US citizens who couldn’t come up with 400$ in case of un unexpected expense. He describes the shame through his own story, in spite of his higher earnings barely meeting ends and rolling up debt. I used to think that financial viability was all about earning enough, which would of course be somewhat more than what is current income. But the article got me started learning about financial insecurity and seeing how low earnings are only part of the story and it’s much more about handling money poorly.
People don’t like to discuss money matters, even worse might not even want to think about it. Money is the thought of the greedy and worry of those who ain’t got it. Not to think aout it is supposed to clear you on both accounts, not greedy and not poor. But the logical mistake is that thinking about money is more about increasing earnings than spending it. Such approach could work if you are a descendant of Rockefellers or a traveling monk living on handouts by good people. Reading this good chances are you are neither..
The opposite approach is constant worrying about repeating money issues. This could be a result of bad planning and use of money – usage that is driven by impulse buying and over-influenced by marketing approaches. In our thoughts money becomes an end goal in itself, instead of being treated as a tool for achieving meaningful goals.
Somewhere in between are the middle grounds – a healthy relationship towards money that enables us planning income and spending, setting goals in accordance with our values and enjoying achievements.
Talking about money is great if the intention is to learn and then manage money better. Money is a bad master, but good servant.