Daily Money Saving – Carol H Cox

By Carol H Cox

Recently, my husband and I cleaned out a walk-in storage closet in our home. This is a closet that had been created when we remodeled our house about 20 years ago, upsizing to fit our growing family. We have been filling this closet with books, papers, electronic paraphernalia, bags and backpacks, office supplies, documents, records, CDs, DVDs, and so forth for the past two decades.

All manner of things went into this closet over time, but rarely did anything come out. So we were faced with a monstrous cleaning project. We took all the boxes, bags, and piles of stuff out of the closet and lined them up along the hallway. This overwhelming task of sorting through everything, deciding what to keep, and disposing of items took us three weeks.

By Carol H Cox

When our budget is out of whack, getting it back in balance by spending less is usually easier than working extra hours to earn more. Let me say that again a little differently: Spending less money is easier than earning more money.

This may seem obvious, but it’s the opposite of what many of us do. The Internet is full of suggestions on how to make an extra buck in the gig economy. From ridesharing our cars, to delivering groceries, to completing online surveys, there is no shortage of ways that we can occupy our time to make more money.

But is making more always the answer? Maybe deciding to consume less is something we need to consider first. When we need to come up with a little extra money in our monthly budget, it’s more efficient to not spend on something than it is to work extra hours at our job or do some side-hustle to bridge the gap.

Category: Daily Money Saving

A Lesson from My Closet

By Carol H Cox

Why Spending Less Makes More Sense than Working Harder

By Carol H Cox