Big big post for you here today folks. It’s time for another Top Ten Reasons à la David Letterman style. This time I’ve brought my good blogger friends to back up my points. You know, just so you don’t think I make this stuff up and all.
Last time I did the Top Ten I kinda screwed it up. I forget that Dave goes in reverse. What can I say? I was a Leno fan.
Speaking of the Tonight Show, who’s enjoying it with Fallon as the host? I love the opening music (don’t ask why, but if I turn the channel too late after watching the news and miss the opening music I’m bummed up. Hey hey hey hey….Hey hey hey hey… Hey hey hey hey… hey hey hey hey)
It’s definitely different than Leno. I like the musical numbers he does. Plus he does a good Vladimir Putin. I miss headlines, and jaywalking though. Did anyone see it the other night when they had the zoo animals on? No? Okay well you’re in luck because I have it for you below.
At about 3 minutes in the trainer pretended the little albino alligator snapped at Jimmy and he ended up in the corner because he got so scared. Then they brought the big mama albino alligator out and he looked like he was going to run out of the studio. Meanwhile his female guest, Rosario Dawson, was handling the little white baby like a pro.
You can view the video directly on YouTube by clicking here
Also see the follow-on video with Roxie the big big elephant here. I’m a little reluctant to share these videos because I’m not a big fan of animals in captivity. Share your thoughts in the comments, if you like.
Anyways, I digress, so back to the Top Ten.
Top Ten Reasons You Need to Manage Your Finances
Vanessa explains how important it is to explain any ways you are managing money in an open and practical manner, focusing on the positive with your children. You do not want to create fear in your child which can develop into unhealthy money and spending habits that take years to overcome. As a mother, I wonder if I’ve made these mistakes, even if meaning well. All I can do is look forward and help educate other parents about this as well.
Top Ninth Reason You Need to Manage Your Finances
There’s no shame if you have to go this route, it’s better than letting a problem perpetuate and maybe become an even harder habit to break. I’ve decided I may need to put The Irishman on a cash grocery diet if the poker chips don’t work. What is it with men and grocery stores? Is it just mine? OK, then, carry on.
Top Eighth Reason You Need to Manage Your Finances
#8. You may be paying for stuff you don’t know about – Dee at Color Me Frugal found out the hard way when she was suddenly billed for something that apparently was in the contract but they weren’t aware.
At least through some
whining negotiating she was able to cut her losses in half, but if she hadn’t checked her bill closely she would have been none the wiser for that time and going forward. BTW, the duck named Bill totally agrees with me.
Top Seventh Reason You Need to Manage Your Finances
She reminds us of the extra costs of sides and add-ons as well as the variability across geographies. What get’s me the most is how these options are always presented in such a way as to make you think they are doing you a big favour, bringing you bread or asking if you like something extra, with no hint that there’s extra cost involved and they’re just trying to up-sell and increase they’re profit margin. Good marketing for them… bad for you and your pocketbook! Besides who wants to pay extra for bread that looks like worms?
Top Sixth Reason You Need to Manage Your Finances
#6. You may be missing out on better opportunities if you don’t do the math and calculate your costs that support your income earning potential or even just your costs to support your family. How many times have you driven across town to hit a sale but basically blew most of your savings on gas? Crystal at Budgeting in the Fun Stuff discusses how this has impacted her in:
Now with the price of gas these days is through the roof. I use GasBuddy.com to find the best prices in my vicinity. $139.8/litre last reported 50 minutes ago at my favourite nearby station (which in US gas terms is $4.915/gal using these handy dandy Bank of Canada daily currency converter and gas converter tools!)
Top Fifth Reason You Need to Manage Your Finances
#5. What if a great opportunity came along, something you always wanted to do but then you couldn’t because you didn’t have the financial means necessary to support the endeavor? So like, let’s just say that Erin of Broke Millennial had this chance (she doesn’t) to move to Germany (she’s not) but didn’t have the funds to pay her way over until she could get reimbursed by her new employer? Ya, that would suck ay? Well Erin explores all things about why she should move to Germany in … drum roll…
Basically she proves that she would never be caught with her pants on the ground and not ready to move to Germany or anywhere if the right opportunity came up because she rocks managing her money!! Besides, who wouldn’t want to move to Germany on a moment’s notice with cool looking architecture like this?
#4. If you manage your finances then you have extra money to buy important stuff like dividend paying stocks which is a nice form of passive income. I don’t have any extra money these days so I just drool when I read posts like this from Dividend Mantra.
So I just follow a long like I’m using play monopoly money so I can learn the ropes and look forward to the day when I have some extra cash and I can write a post call Recent Buy except I will call it Decent Recent Buy, because my name is Debt Debs and I have to get at least one D and some rhyme in there because that’s how I roll.
Top Third Reason You Need to Manage Your Finances
#3. Wow, I can’t believe I’m already at #3. For this one I need to say categorically you need to manage your finances so that you can shop at the dollar store. Huh? Yes, you need to shop at the dollar store for two reasons. #1 you can get some okay things at the dollar store and there is no reason to go buy some overpriced thing when the dollar store version is just fine. Girl Meets Debt knows about some of these things and also some that you should not buy at the dollar store.
I’d like to add pens to her list of things to buy at the dollar store. But what’s the #2 reason you need to shop at the dollar store? You need to remember what it was like when you shopped at the dollar store to get your shopping fix because you didn’t have any money and spending just $10 on some dish cloths, some plastic hangers, a couple of cards and a candle was enough to make you realize, you didn’t need to shop anymore to feel good. Stay humble…. and never be a collector of needless stuff again.
Top Second Reason You Need to Manage Your Finances
#2. If something is really important to you and you need money for it, it’s not fun when you don’t have the money for it. Our beloved standard poodle passed away January 2013, and though I still grieve for him, I think I will soon be ready to get another Standard Poodle, this time from a rescue organization like SPIN or SPRO. It just sucks that we don’t have the money in our budget because pets can be expensive. But I bawled my eyes out yesterday when I read about LBee & the Money Tree having a really rough week losing her beloved dog, Murray.
Her love for that pooch was so apparent in her words and the wonderful pictures she shared. It reminded me how much we loved and miss Fergus, and know that one day, we will share our love again with a standard poodle rescue. It’s not a matter of if, it’s when. And if I had been a better money manager, it would be tomorrow that I would get another dog.
The #1 Top Reason You Need to Manage Your Finances
#1. And the #1 reason why you need to manage your finances is an oldie but goodie found on Rockstar Finance from Will at First Quarter Finance. You may find out that you actually enjoy saving money!
Now there’s a novel concept, and one, I myself, can vouch for! Go figure…
Images courtesy of morguefile except where noted
Monopoly Money / John Morgan / flickr
Dollarama / Michael_Swan / flickr