Whenever I have rented a car, I have never considered taking it through the car wash before I return it. Why would I do that? I don’t own the car, I only want to use it briefly.
When we don’t own something, we don’t take much interest in it. So I ask, “How many people own their spending?” Own it means being committed to it, spending money according to a plan, not deviating from the spending plan, and so forth.
We may feel a need to have a “budget” (budgets don’t work by the way) and limit our spending to what is most important, but if we don’t have a real plan for how we need and want to spend, or in other words if we don’t “own” our spending, we will ultimately always overspend.
I challenge you to set a goal in the new year to “own” your spending. That means:
- Make a spending plan (which implies writing it down)
- Post the plan where you can see it.
- Track your spending according to the plan.
- Review the plan every day.
- Make adjustments to your spending plan based on problems you see arise, but stick to the basic plan for a month and see what happens to your life.
You are the owner of your money and the way you spend it. I urge you not to treat it like a car rental as if it’s someone else’s business to take care of. Bring it home, take care of it, and use it daily with care.