You know what’s really fun? Quizzes. Especially ones that you score well on.
According to this financial fitness test, I’m in solid territory with a result of 86.
Admittedly, I lied about having health insurance – I don’t live in the US, so that’s a moot point. That’s what I pay taxes for. Er, and although my retirement contributions do come out automatically, I transfer the rest of savings every paycheck. That being said, I’ve never forgotten to pay myself first since I started my full time job!
One thing that I couldn’t fudge was the fact that I don’t have a will. To be honest, I’ve mentally pushed it into the “one day” basket, along with “buy a house” and “have children”. I don’t have a lot to my name, and I don’t have any dependents. I guess what few assets I do have, I should create an allocation plan for – any tips for doing it on the cheap and preferably free?
There are so many things that hit you when you realise that it’s time to start acting like a grownup, at least some of the time. And surprise, surprise, they mostly revolve around money . Saving. Investing. Paying off debt. Down payments, holidays, travel, weddings, grad school, and the list goes on. Money may not buy happiness, but not having it is a sure track to misery
The thing to remember is that it’s not a race. I have a partner to support. Some of us have huge student loans. Others help to support their families. Others live at home and have virtually no expenses thanks to generous parents. Nobody’s situation is exactly the same, and no advice is right for absolutely everyone.
Sure, it’s hard not to get jealous when friends take off on spur-of-the-moment road trips during semester break, and I’m stuck working throughout. Or when others embark on their OE, certain to come back with all kinds of exciting tales. But when it comes down to it, we buy each other drinks when we’re broke. We pick each other up when someone needs a ride and we splurge on each other’s birthdays (I’m pretty sure I’m indebted to my best friends to the tune of hundreds after they sent me to a spa last year). But you know what? It all evens out in the end.
This post is part of the 20SB “Friends and Money” blog carnival.