Image courtesy of Mykl Roventine
This is what one of my friends recently told me. I've known her for over 15 years and we rented an apartment together a few years ago. This is the same friend that would bring home bags of stuff she didn't need just because it was on sale (she worked at a mall). This is the same friend that gave me an $8 bad check to pay her portion of the water bill. Needless to say, my friend makes bad choices with her money.
Yesterday morning, I was sitting down on the couch with my Sunday paper and a nice cup of coffee when I get the following text message from her:
Her: Good Morning. Will you buy me an Ipod?
Me: Good Morning. No.
Her: That's mean. Ok a MP3 Player.
Me: No. Do you want me to lie to you or tell you the truth?
Her: Always lie. LOL.
Me: Sorry, that's not me. One lie turns into many more lies.
Her: Penny Pincher :-(
Me: Yep, this economy sucks.
Her: Like an Ipod will break u.
Me: No, an iPod won't break me. It's the principal.
Her: Well how much are they?
Me: I think you can get a cheap one for $49.
Her: I think I'll go get one of those.
Me: You sure about that? You were just having problems paying your gas bill.
She called me last week almost in tears because her gas was about to get disconnected and she needed to borrow the money for a couple of days. I told her no because she has borrowed hundreds of dollars from me in the past and never repaid the money.
Her: I can pay my gas bill. I only needed to borrow the money for a couple of days. I can handle my own business.
Me: Yeah, if you could handle your own business, you wouldn't be asking me for money.
Her: Whatever, it's paid now.
Me: Ok, but you still just don't get it do you?
Her: There is nothing to get. My gas bill is paid.
Me: What I'm trying to say is that you need to put a little aside so when that happens again, you won't need to call anyone or stress about it. Once you have a little money set aside, you can then enjoy those little luxuries.
Her: Ok, if I had a little extra, I would. I live paycheck to paycheck. I have expenses, blah, blah, blah. I don't make as much as you do. If I did, I would be able to save. I live way below my means so stop preaching to me about saving. I know what needs to be done, I just can't.
At this point, I was pretty tired of hearing this from her. We've had this discussion many times before and it always ends the same way. She has asked for my help in the past to get her money together. We've sat down before and completed a budget together. She stuck to the budget for about 15 minutes.
Saving money is not rocket science and it is not about how much you make. Saving money is about making sure that your expenses do not exceed your income. It could only be $5 a week or it could only be $5 a month; every little bit helps. If you aren't able to save money on your current income, you need to increase your income. If you can't increase your income, go through your expenses with a fine tooth comb and find things you can get rid of. I think if you were to examine the budget of 10 people, I am willing to bet at least 8 of them would be able to find additional money to save.
Do you not make enough to save or are you not willing to give up certain non-necessities in order to save?
What are your thoughts? Do you agree with that last statement?
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