I wasn’t always a tightarse. People who knew me back ‘then’ would concur, I used to ‘spend money like water’ as they say.
Then, three things happened. 1) My credit card started getting out of control 2) I started to really think more about the environment and 3) A few years ago a friend introduced me to this documentary (also a book) Status Anxiety. While i think I always had an inkling for the theories Alain de Botton points out… I’m not sure I fully appreciated them. It really helped me to understand at least one aspect of why being tight can be so hard. In a world where everything is supposed to be ‘equal’ if you don’t have as much as your friends and neighbours it can increase your anxieties about your own achievements and possessions, leading you to go out and buy more and more often. Something that didn’t happen so much when the caste system was more prevalent (at least in the UK).
Alain de Botton’s solution is to try and recognise the issue and ignore the urge to compare yourself to others, or if that proves too hard, to up and move and get new friends. Sounds very drastic but if it will make you happier… hmm, could it be worth it.
For me reality really hurt at first but the following things made it easier:
- Making some great friends (in Sydney) who were just as strapped for cash. I love all my friends but by chance I have also made some great ones in the same circumstance as me which has helped on so many levels.
- Reading books with really poor people in them. OK, so this may sound a little far fetched… but, reading about people who are much worse off than you can really help put things in perspective. Some examples that come to mind: Shantaram or the one i’m currently reading ‘A fine balance’ (also set in India). Alternatively you could always laugh at Americans http://www.peopleofwalmart.com
- Volunteer at a homeless shelter. My god, you will feel so happy with your lot in life after a night of this.
Some more practical money saving tips
- Something I’ve only just started doing with some success, after I pay bills etc I hide money from myself in different accounts.
- Keep all possibly relevant receipts for tax time. I’m hopeless at this.
- Keep a jar for your loose coinage, I have one of these but think its perhaps more relevant for boys who don’t have a coin purse. My male friend ends up with about a grand a year from doing this.
- Get good internet and download your movies (legit-ly of course) so much cheaper than DVD shops and late fees!
- Only use the credit card in emergencies.
- Learn to cook - this is a big one and worthy of some serious attention on this site. For example: I am making spag bol tonight. Total cost of this meal: $5! and it will last me tonight and tomorrow lunch. $2.50 per meal!
- Grow some veggies: lettuce, parsley, corriander – you just need a pot, seeds, sun, soil and to water them once every second day, or everyday depends. It feels good and natural and it does save you money in the end.
- Don’t buy snacks at the movies, holy FK these are expensive! $6.50 for M&M’s! even if you go to the local 7-eleven instead you’ll be saving money.
- This may help one day “You can save up to 30% on your return train fare when you travel after 9.00am Monday to Friday (earlier in outer suburban areas such as Katoomba) or at any time on weekends and public holidays.”
That’s it for now, I’ll be putting more tips up from time to time.
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