Eshin Direct

With the financial doom and gloom that is currently gripping the world, it’s probably worth taking a look at your financial health. This is something that you have probably guessed that I am doing from my post on setting up an emergency fund.

I’ve also spent the time talking to friends and colleagues about their savings plans and strategies. It’s actually a little scary when you do your first budget and work out that you don’t actually have that much to take home for “luxuries”. Luxuries are defined in my book as things that I absolutely positively don’t need. Which is pretty much everything beyond rent, utilities, tax, mobile phone, internet, and predetermined savings allocations.

What is scarier is identifying certain goals and the price tag needed to reach them which then translates into a quantity of time needed to achieve them. That’s quite daunting to face.

Am I panicking? A little, but at least I know what I’m facing and it gives clarity on what I should be spending on and what I should avoid. And it is nice to know that I’m breaking free of the consumerist mindset that many have, committing my life to achieving small gratifications with not being a single step closer to my goals.

I’m free of that and my goals have become so much more attainable – at least I know it’s going to take me 20 years to do this and that rather than shutting my eyes and hoping for the best. 30 years is a long time to realize it but I do feel it’s better to start late than never at all.

Tags: finance, goals, savings