How's Your Personal Economy?
Interesting question, right? The economy is a mess, but you have a personal economy of your own. What do I mean?
We all have income, expenses, savings, and investments-- our personal situation that is or should be under our control.
My personal economy is good. Yes, it could be better, but isn't as bad as "the economy". My personal economy is good, because I:
- Live a low expense lifestyle
- Pay cash for most things
- offset my costs as best I can (my firewood offsets my oil and electric bill)
- Do many DIY projects
- Like to cook homemade and from scratch and I like to eat at home
- Garden to produce vegetables
How could my personal economy be better? My:
- Defensive Entrepreneurship activities could be further along
- Emergency fund could be bigger
- Garden could be bigger and could be grow in a longer season
- Costs could be further offset
These are things to reach for . . .
So, how is your personal economy?
Like this post? Check out the related posts for more information. You can also get email notification of new posts in your email by subscribing. Your email address won't be used for any other purpose than to send you notification of a new post.
Related posts:
How to Perform a Personal Frugality Audit
What is Defensive Entrepreneurship?
Cash and Carry
A Simple Strategy For Allocating a Raise
My Squirrel Accounts to the Rescue
What is Your Cost Structure?
Busting Your Monthly Nut
Firewood Revisited
Spending Money Recap
Ways to Save Reviewed
Purchase Decisions: A Recap
Spring is Coming: A Gardening Recap
Categories: Personal Finance,Frugality,Personal Philosophy
Tags: Personal Finance Frugal Frugality Personal Philosophy
The largest factors in a personal economy are objectives, mental toughness, ability to make good decisions, and how one is plugged into the overall economy.
If you have objectives, you're much more likely to hit what you're aiming at. If you have mental toughness, you can see yourself through to the end and ignore the distractions along the way. If you can make good decisions with consistency, you'll stay out of trouble and on a healthy economic path.
Lastly, the nature of how one is plugged into the overall economy is a key. Auto industry workers can tell you all about that.
Clair
Reply to this