A recent post at Afford Anything, The 12 Essential Lessons I Want to Share About Money & Life is financial blogger Paula Pant’s principles of money and finance. Please take a look at this wonderful list of 12 lessons, but first I’ll share the one that I recall saying to my daughter nearly a decade ago –
You Can Afford Anything. You Just Can’t Afford Everything.
This gave Paula the name of her blog, and set the stage for her approach. But, back to me. When my daughter was 6 or 7 years old, she was trying to understand what our spending limit was. Could we afford this or that? In the end, I explained that aside from something like a Lear Jet, we could actually afford nearly anything. But not everything. Spending is about choice, and as Paula says in her article, “Show me how you spend your money, and I’ll know what you value.”
You may very well save the cost of a dozen financial self-help books by reading this one great blog post.