Treating Money as Though it Were Not Ours

September 7th, 2009

It is not “business as usual.” There is nothing usual about the world economy, the US economy and our bank accounts. Waiting for things to become “normal” once again, is foolish. It’s what many Europeans did before and during World War II, waiting for the Nazis to come to their senses. They never did.

What unusual things should we be doing to live in the real world where the rules are not published and where the experts have been wrong and may be wrong again?

First, we need to examine all expenditures and make sure that we plan not only for today and tomorrow but for an eternity of lifetimes. What does that mean? It means that my spending has an affect on my children and grandchildren, my neighborhood, my community and perhaps the world.

Never underestimate the power of one. Watch “Paperclips” and “All My Loved Ones” on Netflix instant watch to understand the magnitude of what I am saying. One school reversed perhaps 200 years of prejudice and discrimination with a paperclip. One man saved almost 700 children from certain death in a concentration camp in Europe.

So today, I removed a $5 per month charge on my cellphone bill for internet usage that I never use. I emailed friend who routinely and perhaps mindlessly “text” me when a quick call would convey the information. The call is covered in my plan and the text message is extra.

At home, we are keeping energy costs down by not having the TV or music on unless we are really watching or listening. We are making meals at home that are healthy and inexpensive and delicious. We are exercising: bicycling in the neighborhood, walking along the beach, and swimming, all of which are free where we live. We are accessing news on the internet, along with unlimited sudokus and crossword puzzles, for fun. We are indulging in a Scrabble tournament which we find stimulating and a nice way to pass the evenings instead of being in restaurants, movies or spending money some other way.

Of course, there is the mortgage. For almost 20 years, I have been imploring others to pay off their mortgages. If there were no mortgages, would there be a housing crisis? No.

If you calculate the total sum you will have paid for your home over the lifetime of a mortgage, you will quickly see that your “home sweet home” may have cost you over $1 million, easily. If I have paid $1 million for my home, it better look like it!

I will be posting other cost saving measures in this blog from time to time and I hope you share your ideas here as well.

The money supply of the nation is not unlimited.  It’s not our money to waste. It  belongs to our collective future.

2 Responses to “Treating Money as Though it Were Not Ours”

  1. marianne Says:

    As is often the case, things that appear to be a crisis, end up being a blessing in disguise in many ways. This posting is certainly a good reminder to use the economic crisis to remind ourselves that we should always be mindful of ALL of our resources….money, of course; but our bodies, our words, our time, our minds, nature, our belongings, as well…making most of the time because we don’t know that we will even have tomorrow. But we have today. Are we going to use it or lose it?

  2. Kelli Garner Says:

    I enjoy this site; it is worth coming back to.

Leave a Reply