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Money Means Options

The saying “Money can’t buy you happiness” annoys me because sure, happiness itself isn’t something that can ultimately be bought, but the experiences and life choices that can lead to happiness definitely come easier when money is involved.


Money = Options = Happiness

For example, generally cruises during the summer cost about twice as much as a cruise while school is in session. But there are cruise deals right now for a 7 day cruise out of Galveston (about an hour and a half from us) that would be $850 per person. That’s only about $150 more than the off-season and our two teacher friends could actually come with us. They are looking at whether they can make it or not. I’m just happy that my husband and I can splurge on a couple of tickets without hurting our current finances at all. If we didn’t have cash on hand, we wouldn’t have even been able to bring the idea up at all. Padding means options and options can lead to happiness.

In a less direct route, remember when I worked for a soulless company for 6 years? I was only able to make the leap to self-employment because we saved up enough padding to protect ourselves. If we were living paycheck-to-paycheck, taking a risk on myself may not have happened.

Now, you are probably thinking, “Great, cash is good. Duh. How is that supposed to help me?” Because if you truly understand the importance of padding and the importance of options, then you will be even more motivated to find ways of saving. This is why I’m always recommending blogging as the best online business to start with no money.

And the key to managing your finances is simply finding the balance between what you are willing to sacrifice vs. how you want to live now and in your future.

Huge Money-Savers

Here are some ways to save a ton of money. You only need to be able to accept 1 to make a difference, so don’t feel like it’s all or nothing.

  • Roommates. You can check Craigslist to see how much rooms are renting out for in your area. It may surprise you.
  • No Car. Cars cost money. They cost money up front and money to maintain. Heck, it even comes with added costs like ever increasing car insurance rates.
  • Eat out less or not at all. Making your own food is cheaper and healthier. It just is.
  • Don’t buy “stuff”. You need pants, blouses, shirts, shoes, etc. But you don’t need 20 pairs of pants, 100 shirts, 50 pairs of shoes, etc. The more stuff you own, the more stuff you have to maintain, and the more money you spent on “stuff” rather than your priorities.
  • Travel Cheap or Not at All. One thing usually needs to give for something else to thrive. This whole list is about that.
  • Do your own taxes if it makes sense. Using tax preparation services can be pricy and if you need it then by all means use it. If you don’t need it then you can save money doing it yourself.
  • Don’t Have Costly Habits. Daily habits that cost money will add up FAST. Almost anything is affordable once in a while, but hardly anything is affordable every day. This can be anything – smoking, drinking, donuts, coffee, etc. Even $1 a day adds up. If you have a habit, try it in moderation if you can’t give it up completely right off the bat.
  • Don’t Have Pets. They cost about $500 a year or more depending on the animal and their issues. And don’t forget about pet insurance cost. Again, if you don’t want to give up other stuff, than you have to sacrifice somewhere.
  • Second Job / Side Hustle. I know that finding time is hard, but one sacrifice could be to work even more.

I know that the list is daunting. I know that not everyone can find friends for roommates. The point isn’t that you need to give up everything. The point is that when you aren’t willing to budge in one area, you will need to find an area that you can budge on instead.

For example, my husband and I will cut back on how much we eat out sometimes, but we rather not stop eating out completely. We also need two cars, want pets, and we like to travel. But we don’t mind having our friends as roommates, we don’t have any daily habits that cost money, we are solid moderates when it comes to buying “stuff”, and we both have side hustles that we enjoy (sports officiating for him and pet sitting for me). So we don’t have to sacrifice anything we value since we can budge in other areas.

What about you? Do you do anything on the list? Are you able to live happily now and save for your future? If so, how? If not, what would you be willing to sacrifice to have more money and options? Want to learn more about how to make money online and save more? Follow us on the rest of our articles. For example we just covered the best apps to make money from your phone. There are so many ways to earn.

In my next article I will talk about protecting your money once you have acquired it. One of those ways is credit protection services which helps you keep an eye on any credit report inquiries if you or someone else is applying for a loan for example. You have to protect you hard earned money people.

7 thoughts on “Money Means Options”

  1. Dee @ Color Me Frugal

    We don’t have costly habits and we really don’t buy much “stuff” anymore. We used to be bigger on buying stuff, but we’ve become much more interested in paying off our debt over the last few years and thus our spending has shrunk! Having goals like debt freedom is a huge motivator for us.

  2. Dave Lalonde

    I had a good laugh at the meme. One thing I do to save with my habit of smoking is rolling my own cigarettes, packing my own lunch, and sharing a car with my wife. It’s definitely saving me more money!

  3. Mortgage Free Mike

    I believe that you can have it all– in moderation. It’s when people get caught up in obtaining “MORE” things that they get into trouble. I love your suggestions, though. Very nice.

  4. Phillip

    One of the best experiences of my life was losing my job.. in a weird way it taught me so many things. Most importantly it taught me to balance my life. I now get so annoyed when I hear people complaining about the price of the essentials and yet they believe they have a ‘right’ to owning the latest tv, shoes, make up etc.

  5. Marie @ Gen Y Finances

    I only have a 10 pair of jeans, few blouses and dresses for attending Sunday mass. I have 3 flat shoes, 5 sandals and 4 shoulder bags. We are planning to get a car, but I was thinking about the car insurance and maintenance, in fact, we don’t really need it so I just erased about planning to buy a car.

  6. Marie @ My Personal Finance Journey

    I have a pet and he is a Japanese Spitz but our dog didn’t cost us too much. When I need to give him a shot of vaccine, I bring him to our public veterinary that offers a free vaccination and vitamins.

  7. Crystal @ BFS

    @Dee, goals are motivating. Good luck!

    @Dave, great example of being able to lower costs of a habit if you have one. And sharing a car must help a lot. 🙂

    @MFM, exactly, and thanks.

    @Phillip, I understand.

    @Marie @ Gen Y, smart choice if you don’t need it!

    @Marie, @ MPFJ, we got lucky with Miss Doxie until the last 2 years with her. I just said “pets” since they are a mystery bag – your dog could be completely healthy or allergic to life…you never know what will happen.

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