Sometimes I’m afraid to save money.
How is it that a self-proclaimed Cheapskate afraid to save money?
Lack of confidence.
I’ve spent hundreds of dollars over the years on hair cuts because I’m terrified of attempting to cut my boys’ hair. I’ve gone so far as to buy a “how-to” book, watched “how-to” videos, and bought a nice set of clippers and scissors. But I just can’t bring myself to cut their hair.
I pay a crazy amount of money each year to have a vet tech clip my dogs toenails because I’m afraid of hurting our little dog.
I tend to leave my money in conservative savings and investment accounts because I fear I’ll screw up and lose my money.
I seldom make my own bread because I fear that all the time I invest will leave me disappointment.
And I know there are more money-saving things I avoid doing out of fear of failure or disappointment.
Of course, the rational side of me knows that this fear is ridiculous. As the saying goes, “The only thing we have to fear is fear itself.”
Yet, the fear is still there. So the question becomes how to deal with it.
I don’t have any easy answers. But here are a few things that are working for me:
Baby steps. You don’t have to make giant leaps from where you are to where you want to be. Taking a few small steps in the right direction is better than being frozen in place.
Find the root of the fear. If it’s a lack of knowledge that’s holding you back, find someone who can teach you the skill or read up on the subject on the internet or at your library. If it’s the reaction you might get from your family, sit down and discuss your plans with them.
Accept that there will be failures. You will make mistakes. You may have regrets. Learn from those things and move on.
Frugality is a lifestyle, not an end result. As you seek to make the most of your money, you will realize that you are developing a frugal way of life. You can’t clip coupons and call yourself frugal – frugality is much, much more than that.