Do you have bottomless pockets
One of the more startling aspects of a lower Human Thermostat person is how they handle money. It is not uncommon to see someone stuff their pockets with wads of rolled up bills. In some cases, that is their last paycheck and almost all of the liquid cash they have available.
This does several things:
- The larger sum of cash-in-hand is so much easier to spend
- The cash is lumped together and not apportioned for specifics
One of my favorite money skills with children is in developing a set of envelopes for specific debts and purchases. This still works for the adult too. Set aside envelopes for your primary household expenses.
- Savings
- Vacation
- Insurance / Taxes
- Loans / Credit
- Gas / Food
- Gifts
- Personal Money
- Anything else you need
Suddenly it becomes much easier to see that after all of the needs there isn’t as much spendable cash in that pocket as you might have thought. This is precisely how some people get so far in the hole financially. They spend from that endless pocket and find that they come up short at month’s end.
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