Ok, it’s not as exciting as it sounds. But it makes me happy because it is a monthly reminder of how I saved money and how I learned patience. Let me explain.
About a year ago, I needed a new kitchen sponge – a simple 2-sided sponge (one spongy, one scrubby). I had been buying the generic brand at Wal-Mart for 97 cents and making it last as long as I could. I did try to buy 2 at a time because the less I go to Wal-Mart the better. About this time, we signed my daughter up for 6 free months of Amazon Prime (a deal for college students). One day I was doing some comparison shopping and found a 21 pack of the Scotch brand of sponges for just 63 cents per sponge. That was a savings of 34 cents a month, I got the brand name and I didn’t have to go to the store every month to get a new one. And with this, I could have a new, clean sponge every month which was great for my OCD.
See, I told you it wasn’t very exciting. But when you have a savings mindset, every penny counts. Today, when I opened that new sponge, it was just a reminder of the money that I had saved.
A savings mindset will not make you wealthy in and of itself, but it will definately contribute to it. Many people focus all of their energy on savings. Others, focus all of their energy on bringing in more money. But it is having a great balance of both that will bring you wealth. Building wealth is a lifestyle not just a diet. And like a diet, all the plans out there for building wealth will work for a short time, but in order to sustain, you must make lifestyle changes.
After I had my aha moment 19 years ago, I didn’t just become debt free over night and start building wealth. As a matter of fact, I would pay off a few credit cards and find myself using them again. The reason was I didn’t have the right mindset. I was taking the actions but my mind, and as a result my habits, weren’t changing. When I realized this little gem, my finances starting changing dramatically and have been ever since.
Whether it is sponges, toilet paper, paper towels, or anything else you find a way to save a few pennies on, celebrate the savings because by saving money you are building a savings mindset and that along with increasing income will bring you to where you want to be – building wealth and reaching financial freedom
For more about how Debbi got out of $200,000 worth of debt as a single mom making $10,000 a year and to learn everything she learned in her journey, check out her best selling, award winning book “The ABC’s of Personal Finance” wherever books are sold and in ebook form on Kindle, Nook, iBooks, & Google Play.