Oh, Iâm the same. My financial brain is in two halves - half of me KNOWS I have a safety net now, but the other half is driving and that half is used to being poor as shit.
My safety net is real, but doesnât feel real
Comment on Melbourne Chit-Chat Thread đ«šđ«„đ¶âđ«ïž - Saturday, 7 December, 2024
Baku@aussie.zone âš2â© âšweeksâ© agoThanks.! My biggest trouble is being uncomfortable having money. Always grew up worrying about it, and then being worried itâd get stolen, so now if I have money I go into how fast can I spend this mode. Thatâs why Iâm so fond of these fixed terms and things like voluntary tax deductions
Should probably figure out how to fix that. Oh well. Iâm sure Iâll work it out one day
Oh, Iâm the same. My financial brain is in two halves - half of me KNOWS I have a safety net now, but the other half is driving and that half is used to being poor as shit.
My safety net is real, but doesnât feel real
You probably chose the âdo not claim the tax free thresholdâ option on the intitial paperwork. I did that when I first started working - I didnât know what it was, so figured I shouldnât claim it. It did lead to some lovely tax returns until I told payroll to change it, but these days with high interest in bank accounts available it is not such a good strategy.
I use automatic payments to divide my pay up into a bunch of different accounts, so the money that I have available to spend is separate from the money put aside for bills or savings goals. Having everything divided up into smaller amounts earmarked for specific spending makes me much less likely to spend it on something less important than having it all in one place.
Sure did. I knew what I was doing and the implications of it, though. Having a percentage yoinked out and sent off, inaccessible for almost a year is perfect for me. One itâs done, itâs done, and thereâs no reversing/backing out until tax time
The interest would probably still add up to be less than like 60 bucks over the course of the year, even with the highest interest savings accounts on the market. I decided thatâs a worthwhile tradeoff for the security of having it completely hidden away
dumblederp@aussie.zone âš2â© âšweeksâ© ago
I grew up with similar. It wasnât until Iâd saved my first $1000 that the rest sort of came easily. But I also needed to be in a position in life where I was earning enough and being frugal for that to happen.