DISQUS

Caroline · 1 year ago

Never let yourself get to a point where the only reason you're staying in a bad job is because you've overextended yourself (this was in a law firm where I was surrounded by partners with two mortgages and loans for the yachts and four kids in private schools...). Best advice I ever got. It has meant that I (largely) avoided that feeling of resentment and bitterness towards money - and that when I DID decide to leave that big firm environment, it was a decision about my life, not the money.

Julie · 1 year ago

It's not what you make, it's what you spend. You can make $20,000 and save more than someone who makes $100,000 and spends all of it because "they can afford it". People forget to save first, and always seem to say "if I only made more money then I could save". Focus on what you're spending because you can more easily control that. If you focus awareness on what you're spending and notice where you can cut back, you can save more money.

Jenny Hall · 1 year ago

Pay your bills the day they come in the mail.

blw · 1 year ago

consolidate!

christina brillati · 1 year ago

don't put all your eggs in one basket and write a check to your savings account every month like a bill.

Guylaine · 1 year ago

Never ever focus on lack of means or debts...focus on wealth and abundance... feel wealthy and abundant and be greatful for it... and that's what you'll get more of... best advice about money I ever came across... and it really does work...for me...

Xai Vicente Charles · 1 year ago

I've always had a strange relationship with money. I can keep $20 in my wallet and forget it's even there. I use a bank card for most of my purchases. If I can't pay for something fully I leave it. While this has kept me out of debt it has robbed me of my ability to have fun with the money I make. It would be nice to be impulsive once in a while. I don't want to feel guilty when I buy myself a coveted pair of shoes.

Meredith · 1 year ago

My mom always said to pay all of my bills first, put a set amount into savings every month, and whatever is left over, I may spend as I please. So, at the age of 33, I have no credit card debt, my own home, money in the bank, as well as a healthy collection of handbags, shoes, and life experiences.

Krystl · 1 year ago

If it is perfect and you can afford it, buy it. If it is not perfect, don't buy it, no matter how much of a "bargain" it might be.

And, save 10 cents of every dollar. Still working on that one.

Romana Mirza · 1 year ago

That's easy! Jonathan and David Murray wrote a book called "Two for the Money" they have a fantastic formula in there for paying down your debt - it was the best advice I've ever received and it worked! What's the best money advice I've learned? Don't do it for the money.

Colette · 1 year ago

Two things: 1- Put 10% of my earnings into savings then plan to never spend it. Having money begets having money. 2- Keep a hundred dollar bill tucked away in my wallet. Knowing that I can spend it but choose not to has boosted my self discipline confidence 100%!

JoeM · 1 year ago

My favorite Aunt always said; "Buy dirt!" It's not a very liquid investment, but done wisely, it always doubles and triples my investment, usually within the same period of time I would might have rolled it over a dozen times in a CD...and I've never lost money!

Ellen Falkenberry · 1 year ago

Good one!

Tabitha · 1 year ago

Keep your own account and one shared account with your spouse/partner for domestic stuff. It works wonders for my husband and I but I understand it's not for everyone!

Maureen · 1 year ago

When I was very young and just starting out, my dad told me never to put myself in a position where I would have to depend on a man for money. He told me to get my degree and a way to make my own living before getting married. He motivated me to look after myself, and to view financial behavior as a part of self-respect. I give that advice to my students and my daughters too. Following that advice freed me to be really happy in my career and in my marriage.

Penny Deming · 1 year ago

A Husband is Not a Financial Plan

Ellen · 1 year ago

There is enough for everyone.

Stephanie · 1 year ago

"You can only spend that dollar once."

cindy · 1 year ago

live below your means. it's that simple.

Katie Laporte · 1 year ago

Dont spend it just because you have it..

Anne-Marie · 1 year ago

My Grandmother told me, "You will always have as much money as you need." Don't be needy and don't be greedy. It is simple but continues to ring true no matter where I am in my life.

Carrie McCarthy · 1 year ago

good one! My brother always says "either spend less or make more"
and really so powerful if you do both.

Carrie

Mary Evans · 1 year ago

When I was younger, I was very shy and didn't know how to accept money that was being offered to me. My mother's advice, "Never turn down money being given to you". If someone is offering, they want you to have it.
Another is from my mother as well, "You can be anything you want to be, if you want to be President, set your sights for it and work towards that goal" This was at a time when women could only be teachers, nurses or secretaries. Look at today, we have a woman running for President!

Carrie McCarthy · 1 year ago

I am going to buy that book!!
thanks R

Carrie

Carrie McCarthy · 1 year ago

great teaching, thank you.

Carrie

Heather Allard · 1 year ago

Don't spend anticipated income.

Susie Hutchinson · 1 year ago

Money is better than poverty, if only for financial reasons.
Woody Allen

Daniel Gibbons · 1 year ago

Good advice, but the opposite can also be beneficial. Much of my entrepreneurial success has come from living beyond my means (for example, using credit card debt to finance starting a business). Immensely risky (and many would say foolhardy!), but it has paid off in general. That said, I completely agree that living beyond one's means simply to have "more stuff" is a bad idea.

Karryn Ransom · 1 year ago

My best money advice came from Navjit Kandola at exactly the perfect time: I was considering leaving a highly-paid job a different one with less money, but more joy. I was sifting through Style Statement as I pondered it, and read Navjit's words: "Money comes and goes. Live your life."

So I did. Best move.

Chuck Vidalin · 1 year ago

You can risk the shell, but never the nut...my Dad's favorite saying!!

lezin bogan · 1 year ago

i have gotten a few pieces of good advice about money over the years. always, always pay yourself first. even if is 1 dollar, it adds up fast. and as far as saving for your children's college tuition, you need to save for your retirement as well. we all have borrowed money for college but when was the last time you heard someone say that they borrowed money for their retirement?

Lindsey · 1 year ago

That money can't make you happy--that, of course, comes from deep inside--but it does make things easier.

Robert · 1 year ago

Avoid a third home, a second wife and a first boat

Patty Miller · 1 year ago

When I was little, my grandmother would give me a dollar and tell me not to spend it all in one place!

Martha · 1 year ago

Put money into your 401K from day one at your job, especially if your company matches at any level. It's the equivalent of giving yourself a raise. Many younger employees don't do it but it's a painless way to save & the match is free money.

Brooke · 1 year ago

Keep your money seperate from the person you're in a relationship with. Pay your fair share, by all means, but never set yourself up to lose your independence.

Mary · 1 year ago

Another classic read on the topic is "Your Money or Your Life" by Joe Dominguez and Vicki Robin, on the role of money in living your values. Not too dry - makes you think harder about your purchases - in a different but similar way to your style statement:)

Graceful heritage

Jennifer Sage · 1 year ago

There are two ways to be wealthy 1. Have more money than you know what to do with. Indeed you give it away. (Bill Gates wealth) The other is to be grateful for what you have got. Thats easier said than done, I admit. Pause a moment and count your many blessings and that is wealth available to the finacially impoverished each and every day.

Jennifer Sage

Cindy · 1 year ago

yup - that would do it!
thanks and hugs
c

Cindy · 1 year ago

I'll never forget a Herman comic I once saw. Picture a woman showing her hubby a new fur coat with a big SALE ticket...her husband responds - "You should have bought two and saved enough to pay the mortgage." I think about that comic when ever I'm thinking of buying something I really don't need. (Not that it always stops me, unfortunately!)

Danielle LaPorte · 1 year ago

similar experience I witnessed: woman holds dress up to hubby and says: "look, what do you think?"
hubby: (nicely) "it's ugly."
wife: (perplexed) but it only $20.
hubby: but it's ugly.

Lynda · 1 year ago

The best advice I have ever received is this.....you don't need to make a decision today. Sounds simple. But I was always the type who felt that I needed to come to a conclusion quickly, yet in reality it's okay to wait, think, think again and then decide.....really:-)

Lynda · 1 year ago

I couldn't agree more! We've split our money and now each pay our fair share. Independence is important.

Lynda · 1 year ago

But at times so very, very difficult.....

Angela · 1 year ago

Wealth is what you accumulate, not what you spend.

Beth C. · 1 year ago

My father gave me the Wealthy Barber when I was a senior in high school. The book has so many good tidbits of advice that I've relied upon over the years.

Scott · 1 year ago

It always works out.

Daniel Gibbons · 1 year ago

I like this one. It's amazing how much time people spend worrying about money, time that could be better spent in countless other areas, many of which would actually make money!

Noor · 1 year ago

Great advice Caroline. It came at a perfect time for me.
Noor Elegant Nature

katie · 1 year ago

Invest in yourself, I put away as much as i can and me and the kids live a content life. I use that money for fabuolous camping trips for my family and my once a year mom's getaway in Mexico. I love the feeling of having mutuals and rrsp instead of the high of a new pair of shoes.

Ngonzi Truth Crushshon · 1 year ago

Invest/Save your money while you are able to work, so when you are no longer able to work your money will take care of you. Every penny counts. What is the mission of your money? Are you spending your money on things that are in line with your goals & dreams? Save $50 every paycheck. Always tithe 10% to God/church.

Janet · 1 year ago

Invest small amounts often. Despite the highs and lows of the market, your money grows over time. So every month I have automatic transfers adding to my RRSPs and investments and I don't even notice it.

Sheri · 1 year ago

1. Tithe 10% off the top.
2. Pay yourself 10% after that.
3. Pay off credit cards every month.
4. Bank a car payment every month even if your current car is paid for...makes for a nice downpayment next time.

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paydayinstallmentloans · 1 year ago

Before you can create budgets or set goals, you have to know where you stand--and that means revealing your complete financial picture to each other.
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