Monday, August 5, 2013

Being Patient is part of a Healthy Financial Plan

Being Patient is part of a Healthy Financial Plan

By Keith Bunn Jr.
August 5, 2013

We've all heard the saying, "Patience is a Virtue" and that is absolutely right, especially when it come to our finances. 
It is so easy for us today to spend more than we make. With just a swipe or wave of a card, its yours! Easy as that! Even with a debit card, (which are OK by the way) its easy to get yourself in trouble with overdraft charges if you're not careful. And the banks and the stores we shop at are counting on our lack of patience, and our ability to impulse our butts off, to make more profit on the interest we owe on those cards then if we were to buy the same stuff with cash.

True Story

Here is an example and a true story of this very thing... 
Julie and I were in line at Sam's Club to checkout, when Julie noticed the lady behind us had a bunt cake in her cart. Julie said to the lady, "That bunt cake looks good." The lady replied, "Doesn't it? And I got it for free!" 
The first thing that popped into my head was, 'I want a free cake'. And as if Julie read my mind, as she often does, she asked the lady, "How did you get a free cake?" Right then, the lady got kind of excited to tell her story, "Well, I was walking around the store, putting stuff in my cart when I realized, I didn't have enough cash on me to pay for it all. So I came up front and signed up for the Sam's credit card and they gave me a free cake just for signing up."
I immediately started convulsing a little bit. That lady had just sold herself for just a few items in her cart and a bunt cake! Now we didn't know anything about that lady. She may have paid off the balance right a way, cut up the card and closed the account. I don't know, but chances are, she didn't.

Having Patience is even Hard for Us

Some people have more patience than others, we all know that. Being patient is not something you're born with, it is something you learn. It is even hard for us at times. Julie is a HUGE giver, which is awesome, but if someone she is close to says that they like something, if we're not careful, she'll buy it, even if it's not in the budget to do so. I'm kind of the same way. I like to get our grand kids the toy superhero masks you can buy at most stores today, and just the other week, I saw a Spider-Man mask for $11. Spider-Man is one of my grandson's favorite superheros and I know $11 doesn't sound like much money, but we didn't budget for it. I was seriously debating on whether or not to get the stupid mask. I looked at Julie and she said. "Its up to you." I thought about it for just a moment more and decided not to get it. I know someday, I'll find that very same mask on clearance or in a yard sale for cheaper than $11. I know our patience will pay off one day. Not just so we can buy our grand kids toys, but so we can live comfortably in our golden years, and leave an inheritance to my children's children of both knowledge and money.

The reason I do this is to give people hope and to try to inspire others. To make them think about their finances, whether they are young or old, so they can win financially.
If you have any questions for me about my posts or about your finances, you can call me at (616) 454-2046 or e-mail me at You can also find more money news, facts and ideas, on my Facebook and/or Twitter pages. I'd be grateful if you followed me. Thank you!

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