, or how to stretch a paycheck. I received an allowance, but I would spend it all on candy, magazines, or lip gloss without concern for when the next payday was going to arrive.
I'm thankful that talking about money is no longer taboo. The experience of others is helpful for those people who can use the knowledge and not have to learn everything by trial and error. But this current transparency and openness came too late in my life to help me use the advice of others to build a financial plan while I was young.
Even though we were both professionals, we didn't make high salaries. Luckily for both of us and the health of our finances, we weren't the types to spend every cent available to us and end the month with a zero balance. We didn't count every penny, but at the beginning of our marriage, it came pretty close. In those first years, we lived a simple lifestyle and managed to start contributing $50 here and $50 there to.
Receiving salary increases, but not using the extra money to add to our liabilities, was helping us see real growth in our emergency fund and 401s. Those $50 deposits made here and there turned into $100 deposits made regularly.As we moved up the ladder in our careers, we stuck with the same older cars, stayed in the same small condo, and only updated our wardrobes when necessary. Our spending had not grown to match our salaries, and we have managed to keep it that way for over 23 years.
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