You imagine that once you’re settled, you’ll create a budget with free software, you’ll stick to it, and you’ll give at least 10 percent of your income back to the lord, no prob. You’ll save for retirement, future car purchases and college for the kids. You’ll go out to eat once in while.
Please note how Jesus’ small sliver comes in 9th place, right behind Lowe’s and Target, with Nationwide and Sprint running up close behind him.
I’m reminded of Pastor Paul, who warned us that if we didn’t tithe with whatever pocket change we had in college, we won’t tithe with our Big Girl salaries when we get them. Old habits die hard, but it’s also difficult to birth new ones, it seems.
I’m only talking about God so much right now because I’m not sure why he keeps giving us money, unless he’s really hoping to bless (through us) the folks at Coldwell Banker, local bar/restaurant establishments, etc.
WARNING: THOSE UNCOMFORTABLE WITH TALKING ABOUT PERSONAL FINANCES SHOULD LEAVE NOW, IF THE PIE CHART HASN’T ALREADY DETERRED YOU, THAT IS.
Part of my “OMG I’m 25 now” life plan includes a bit about better budgeting of our finances. It’s an important goal for me, because we have a joint bank account, and Seth never spends any money. I don’t think he has ever been to Target and he is eating a tortilla (plain) as we speak. When you combine our gross incomes, (spoiler alert) Seth and I make a stone’s throw over 6o-some K, (not allowed to disclose the true figure, sorry) or way more than enough to live, and sometimes enough for us to spend some benjamins increasing our home equity. We’re enrolled in 401ks and don’t have any credit card debt, but other than that, we’re absolutely not doing anything responsible with our finances.
For those legalistic bare-minimum types, that kind of income translates into more than $500 a month for Jesus. And I know many more greater-thans who are moving into the donatable 40-50 percent of thier income range. Hilarious. Unimaginable, isn’t it? That’s like 4 cable/phone/internet bills. Only a crazy person would do that. But they already got us to buy into the whole “dies and come back to life/magical blood” thing. It was only a matter of time before they got into our pocket books.
What the heck. We are fired.
In doing research for a story, I came across a statistic that we (25- to 34-year-olds) have the second highest rate of personal bankruptcy in the nation. Our average student loan debt is $20,000, and we spend an average of 24 percent of our income just on debt payments.
In Ohio, high school students will begin taking personal finance classes by 2010. The little punks a decade behind us will be debt-free and well-armed to destroy us.
Take this time during a boring- and way-too-revealing blog post to be inspired to enroll in some free personal finance classes. You can find them in Ohio at the state treasurer’s Web site. You can find them nationally at the american society of professional accountants.
I’m sure I’m not the only one who bounces back and forth between the guy who buries his lot in the ground and the one who goes out and spends it on wine and prostitutes. I think that it’s only fair every once in a while to consider how rich we are.
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