Do you manage your money or does it manage you? Stop and really think about that. Do you decide where your money goes? Does your money work for you? Do you make enough on interest and other forms of income that you could stop working today? Of do you work for your money? Do you worry about meeting your minimum payments each month? Are you making interest or paying interest?
The way you answered these questions really reflects the way you feel about money. If you are in a lot of debt or can barely pay for your necessities, your money is managing you. Your job and the time clock dictate the way you spend your time. You are reliant on the income you have and it can be terrifying to think of what might happen if that were to disappear.
If you are managing your money, then you are in a different place. You know that no matter what happens, things will be okay. You have enough in savings to get through a long rough patch and you are really starting to save money. Once you hit the point where you can live off the interest of your investments then you know that you are financially secure as long as you do not make any huge mistakes.
Sadly people often become so wrapped up in acquiring things, that they have a difficult time enjoying life. The worry and stress that are a result of buying the new car that you cannot afford, or the huge house can really affect how much you enjoy life. You may end up resenting the purchases that you made before you pay them off. It is important to find a balance that allows you to live in relative comfort, but still allows you to save and invest money without going into debt.
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