Reply to Getting comfortable with money when you don't come from money

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[quote=Anonymous]I grew up more poor and am now less rich than you, but I understand where you’re coming from. What has helped me a lot was really evaluating what makes me feel financially secure. 6 months of savings (even though we have secure gov’t jobs), maxing out retirement, making sizable 529 contributions. These are my financial non-negotiables. Then, I look at my major expenses like a housing, transportation, and education and aim to make those expenses as financially flexible as possible. We bought a very conservatively priced home compared to our income because when it came time to buy, I wasn’t loving my job and I didn’t want to be locked in to a job I didn’t like just to pay my bills. We can afford our home if I take a job making half my salary. These two approaches - saving is non-negotiable and it happens first and being very mindful of big purchases - has taken so much money anxiety off the table. I dont have to nitpick the money that’s left over. It’s incredibly freeing. It’s not unfettered consumption, but it is with the knowledge that these day to day expenditures aren’t threatening my financial safety. [/quote]

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