I feel like the title should be qualified with what Scott Adams calls a BOCTAOE (but of course there are obvious exceptions).
I was just looking over our receipts, budget, etc. I realized that our spending is almost entirely in the following categories: Rent, Groceries, Gas, Metro (my commute), Medicine, Internet/Cable, Giving, Debt (unfortunately, but better than than delinquent).
Not: Clothes, Books, DVDs, Gadgets….and Stuff.
In the last two months I’ve bought one item—a silly Regency romance for $5. But I used money I got from an Amazon sale. And the pizza for Valentine’s Day.
I mean, of course we do buy things now and then. But our receipts are about 97% or more staples.
How do we get our entertainment? A fair amount comes from the internet/tv. And for the rest we budget about $16/month or so for coffee ($8 each time, every two weeks) but right now we’re using some gift cards we were given. We borrow movies from the library when we feel like watching something. We’re more into borrowing tv serieses actually. We go on walks. We don’t eat out—there’s basically nowhere to eat in our area.
We’re just people who like to sit around and read and talk and write and stuff or do internet stuff, who don’t have expensive hobbies, who aren’t into fashion (those of you who know me might laugh at the idea of me being fashionable…it’s just not in my genes), etc.
We can do a better job of spending the money we do spend, I’m not saying that by not buying much we’re perfect.
This isn’t for everyone. It works for us because…well…that’s just who we are. And it makes it easier to stay on budget for us. It’s the positive side of personal finance—doing well by being who we are.
On the positive side—what are some things about who you are, what you do that predispose you to success?