Tag Archive | freedom

Financial Independence

I have been working for 8 years now and make decent amount enough for saving and yet, I feel I like I live on pay check to pay check basis. So where does all my earnings go? I am too afraid to take a stock at where my pay goes. Where do I spend most? why am I not able to save at least half-my-check towards investments. Just last year I opened a 401k to maximize my savings, that is at least the good thing.

I had wished, if only I started 401k right after I started working I would have saved quite an amount..It bothers me now as I enter my 30’s for being so ignorant and not very responsible for my savings. I spent money for other’s benefits for all wrong reasons and what a mistake I did. Spending money on others meant to display how much I love them and feel responsible for them.. NOT TRUE. I spent recklessly on impulses and at the end of the day – if I question my self – is it all worth it? I cannot ever tell. May be or may not be.

I have determined 3 days ago that I will not buy anything for at least a month. And then I go help shopping with a friend and I end up spending. Then other day I had to give a farewell to my colleague – oh well, I thought this was unavoidable so it is an acceptable spending. Then I was not in a mood to cook, so I spend money on dinner. I will try one week at a time to begin with and let all my close friends, family and colleagues know about it so they would not ask me to attend events where I had to spend money. But in the process I will miss lot of fun but I really want to see what it feels like.

Ever since this minimalism came into picture, I started looking at my finances and ways to save more and spend less, do something more meaningful than just do what other’s think of me doing something is right. This week has been bit roller coaster and very disturbing to look back at my life from a neutral perspective. It is still an ongoing process.

Ever since I started consuming less, These blogs really stand out where I am regular reader

1. Becoming Minimalist ( I have even purchased an kindle version of this author’s book and I like it.. it very short and sweet.. yes and I must say for the content provided.. i think it is over priced)

2. Miss Minimalist

The reason for this post is because of this link I came across – Money Mustache (from becoming minimalist blog)- A guy who did the similar job as mine but retired by 30 and does what he likes to do and still makes money. The more I read about him, the more I feel like being ignorant about my own needs and necessities and goals. But I also understand that every one’s path is different.

Question for you all – how do you deal with your finances?

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Minimalism – a difficult path

As discussed in my earlier posts of my steps towards embracing minimalist life style – here and here.

I must tell you, it is not easy to keep up with my excessive consumerism. I guess I do not have nothing better to do in life. Most of my time goes into organizing on and on and it never ends ..and I give up to re-start the whole process again. On the pretext of shopping for a friend with a friend will only add a dent in my bank account and “More” stuff will land at my home. I am so tired of this and yet cannot restrict myself from purchasing even though I do not need them.

I have been reading a lot lately about minimalism..Be it online articles, books, brought some kindle version of books to get some tips of letting go of things and not getting more into life, and organizing home, be it kitchen, living or bedroom, closet, bathroom and what not.. It has been 6 months and I think I realized “Less is More Joy”.

Every time I read information related to minimalism or organization, and immediately I would want to spring to action. But, by looking at the enormity of task ahead..it kills my spirit and wonder why I have been accumulating and not organized bothers me and I leave it at that. It is the most difficult path than I thought it would be, especially with my never ending purchases.

I read on some minimalist blog as “One in – One out” strategy, but in my case it has been 5 in and one out *Sigh*!

And some one said-  living with 13 pieces of clothes or 100 possessions – this is not going to work for me.

I live in a tiny home where space is at premium and I learned that the less stuff I have, less time would go into organizing and more time for the activities that I love. It is the clutter at home in turn creates mayhem in my head.  One of my friend said, there is no way out if you just crib. If you need to make change, you must start somewhere and keep doing it until you get there. Complaining never benefited any one.

Beyond all, I am exhausted just thinking about it. On a more positive note – I have lately been trying to donate/trash at least 5 things a day from home. So that would be 150 things less in a month. I hope to continue until I reach my goal of “Satisfaction”.  (I got rid of all expired food, non-expired but not opened food items were donated away.. slowly but steadily)

I think I will have to deal with it one-day-at-a-time, after all slow and steady wins the race. I just need to be more persistent and consistent.

All dear minimalists and organized people out there – how do you deal with this?