March 25, 2007 1:40 PM
Straight talk on frugality
Amy the Humble has been musing lately on frugality - when she's not busy with morning/afternoon/evening sickness from her sixth pregnancy (Way to go, Amy! Way to win those culture wars!)
Amy is a great writer and thinker and one of my very favorite Blogger Moms. I have no doubt that she will someday be the next Elizabeth Elliott. But now she's busy with the hands-on learning stage. How fotunate we are to hear her mind at work in these early stages!
Anyway, since downsizing is so much on my mind lately (I told my kids that if every member of our family still at home or college saved just a dollar a day - easy to do by turning off lights, serving just the right amount of food, eating leftovers, etc) that means an extra 3650. per year for our family. Our house is on the market and I'm praying for one about half the size. Funny since so many of our neighbors live in the same size house with only two kids. I'm just sorry it's taken me so long to realize what a burden it is to have more than you really need.
Here's a teaser:
Now, I’m not saying that voluntary poverty is next to godliness and everyone should buy junk. I just learned an important lesson during that time—that wealthy people invest in their savings into appreciating assets (real estate, mutual funds, starting new businesses) and minimize putting money into liabilities or depreciating assets (vehicles, clothes, furniture). One reason the “rich get richer and the poor get poorer” is because wealthy people can differentiate between appreciating and depreciating assets. If I am poor, I want it to be because of the Lord’s hand and doing and not because I buried my talent into the ground
But you can enjoy the whole piece here.
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