On my blog I focus on topics such as getting out of debt, investing and staying on a budget. Simply put, my goal is to help you improve, remodel if you will, your financial house. But I know there are many out there just like me who’ve been working hard at this for years on end. After so many years of planning, fine tuning and fiscal discipline, you’ll eventually reach max frugality. Your budget will be frugaled out.
There are only so many pennies to pinch, so many ways to trim costs here and there and only so many nights you can stomach yet another dinner of rice and beans. Well, that last one isn’t really true. Rice and beans is delicious every night, can I get a here here. Anyways, I know that this can lead to frustration. You’ve been working for years to prefect and fine tune your economic engine but for some reason you’ve hit a brick wall.
I’m here to tell you, that is OK. Anyone who embarks on this journey will eventually start to see diminishing returns. You’ll eventually get to a point where you can’t increase your savings rate above what it currently is. Your problem has nothing to do with what is going out the door, because lets be honest, not much is going out the door after that weather stripping was installed in the windows. You’ll get to a point where the only way to increase savings is to increase your income.
Let’s take a step back and realize his is an awesome place to be and it isn’t somewhere many get to. You’ve worked your butt off to get here and you’ve scarified in ways few have. You’re not only meeting all of your needs but you’re also able to throw in a few wants here and there. You have money saved away for emergencies, retirement, college or any other savings goals you might have. Just because you can’t save 50, 60, 70 plus percent of your income like others have shouldn’t matter. The next milestone to reach for will be harder to obtain than any past goals, contentment.
Contentment is learning to be happy with all aspects of your financial life. Happy with your job and income, happy with your savings rate, happy with your net worth and most importantly, thanking the Lord for all of His blessings because He didn’t have to give you any of what you have. While most are chasing after the next shiny widget they saw advertised on TV, you’ve been, for years mind you, happy with your stuff. Now you have to be happy with not only your savings rate but also the limits on your frugality.
Finding contentment is a pivotal step on the way to unparalleled treasure. The reason why all of our friends and neighbors are in so much debt is because the word contentment isn’t even in their vocabulary. It is in your vocabulary for parts of your life but it now needs to be for all of your life. This has been my biggest struggle over the past year but I’m working on it. I hope to help you make progress accepting your max frugality too. Remember, we’re in this boat together so lets not sink it.