Comments on: Confessions of a Savings Junkie

By: Carrie Rattle

Carrie Rattle — Mon, 05 Dec 2016 14:47:54 +0000

Hi John,
I relate entirely. Your emotions are tied to your money beliefs, which may be “money is security”, “money is survival”, or “money is something you can trust”. Saving well sounds great – until we think about the other side. If you are a small business owner, you will hesitate to spend to build your business, and may choke it. You may hesitate to invest in yourself as well, which could propel one’s career forward. All money beliefs have good and bad sides to them – it’s a matter of understanding what they are and how to manage them. Having an advisory board that thinks differently from you may help you on the business side. cheers, Carrie

By: John

John — Mon, 05 Sep 2016 23:02:17 +0000

In reply to David M.

Hi, David. Yes, it is weird to plan to spend down the investments. Old habits (saving) are hard to break!
Thanks for your visit and comment.
John

By: David M

David M — Mon, 05 Sep 2016 04:07:45 +0000

Nice article.. I am still saving but wonder how it will be to start spending down my savings. It is going to be different to say the least.

By: Marcel Rosa

Marcel Rosa — Mon, 11 Jul 2016 17:49:47 +0000

Thanks for sharing this article… Hope to hear more from you!

By: John

John — Mon, 11 Jul 2016 09:46:33 +0000

In reply to Sandra Mercier. Thanks for stopping by, Sandra!

By: Sandra Mercier

Sandra Mercier — Mon, 11 Jul 2016 09:01:20 +0000

Thanks for sharing this…Confession… Looking forward to hear more from you!

By: Financial Slacker

Financial Slacker — Mon, 06 Jun 2016 19:22:07 +0000

I still have an income stream coming in that covers our expenses, so I haven’t had to deal with the change from accumulation to withdrawal yet.
But the day is coming.
We do have private school tuition payments which are paid in a lump sum once per year. I suspect that it does have a similar feel. And it’s painful.
Actually, I’m the type that gets ill whenever we spend money, not just dipping into our savings.
Maybe your income from consulting and the site will one day be enough to cover expenses so you won’t need to make the withdrawals.

By: John

John — Tue, 31 May 2016 13:15:36 +0000

In reply to Elle @ New Graduate Finance.

Thanks for stopping by and commenting, Elle. It’s been surprising hard to reverse the flow of dollars! But it is getting easier with time. Most of us are creatures of habit, so we just need to learn the new “normal”.
John

By: Elle @ New Graduate Finance

Elle @ New Graduate Finance — Tue, 31 May 2016 01:39:21 +0000

Oh man, I’m definitely going to have this same struggle.
I have a hard time getting myself to pay for necessities like food right now.
I have no idea how I’ll be able to deal with withdrawals in the future…