Determined to write a post with excellent tips on managing money, I spent this morning googling, searching, scanning, and wading through a wealth of information. It soon became obvious that there isn’t an easy answer or a set of tips that will work for everyone, but here are my thoughts on managing money.
Yesterday, while running on the treadmill, I watched an episode of “The Deadliest Catch”. One of the captains was trying to quit chewing tobacco. His eleven year old daughter called to remind him that he promised to quit. The camera zooms in on his face as he talks with her and then pans around the room showing us a crayon picture reading, “Chew = Eww” and pictures of three smiling children. In addition, he has just learned that an old friend, another captain, has just had a serious stroke. The captain is obviously committed in his effort to stop using tobacco. Aware of the fragile nature of life, he has every reason to take better care of his own health. But, in a few hours, we see him dipping and throwing the rest of the container across the room.
The Ohio State University, in their free guide to managing finances, had this to say, “If ten people were given a $100 bill, they would most likely spend it in entirely different ways. Why? Because different people value different things.” Not only do we have different values, but we are bound by a unique set of circumstances and motivations. When trying to make changes, people often look directly at their actions and say, “Well, I’m not going to do that anymore.” But this approach rarely works as it doesn’t take in account the motivation behind the action.
My (extremely) limited knowledge of crab fishing comes from television, but I’ll take a leap here and say that the captain uses tobacco to deal with an incredibly stressful job/lifestyle.
Keith and Randy created Checkbook in 2002, because they wanted something to manage their finances that fit their needs. Fortunately, many others found their creation fit their financial management needs as well.
Checkbook, however, is a tool. What you build with it is up to you.
So, Splasm Software money management tip number one is this: Identify the “Why?” behind your spending.