Reply to DH and money anxiety, how to deal?

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[quote=Anonymous][quote=Anonymous]Just because you have $2000 plus a month extra doesn't mean you have to spend it.[/quote]

You're correct. But stuffing it in the bank is pretty foolish too. Diversification means just that. My husband used to put all his money in the bank and into paper investments (stock, bonds, etc.). He's realized over time, that's not enough, that it's too volatile.

Precious metals, in the form of jewelry (or bars or coins if you want to go that route) is very important as well. Last recession, even gold-filled jewelry brought in cash. You get robbed, and that little silver, gold, or platinum coin around your neck hidden under your clothing can be your only ticket home. Ditto that gold necklace - can get you a bus ticket at the least.

Real estate, land, heck, even collectibles are a good thing. Hell, I'm probably going to drop some money on a vintage Martin guitar quite soon, something I can enjoy now and pass to one of my kids later. The key is to know your markets and really understand the concept of supply and demand and look forward with that in mind.  It took years for my husband to see the wisdom in this; before that, he considered all purchasing 'consumerism'. He's researched and learned as he's aged.

Spending money on a bottle of water or on Starbucks? There needs to be pleasures in life. Little things like this, I consider rewards for a hard day's work. [/quote]

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