We should all plan for our financial futures because planning is free. The question is, whether planning things precisely is the way to go for maximum happiness.
It occurred to me that when it comes to money, I like to plan. I have a spreadsheet that contains conservative pro forma estimates over the next 20 years with every line item you can imagine possible. I’ve calculated monthly expenses 30 items deep and a revenue stream which already looks outdated because the economy has come back.
For everything else, be it a weekend or a vacation getaway, I don’t plan at all. I’m totally spontaneous and decide what to do the night before or the morning of. If I’m honest with myself, I attribute much of the reason to my lack of planning to laziness. I just can’t be bothered to put work into fun, because planning ain’t no fun! Earlier this year, I decided to go for a week long getaway to Hawaii just a couple days before Valentines Day. My lack of planning cost me probably an extra $350 in airline ticket costs. Meanwhile, I miss event after event on the weekends because I don’t bother looking at the upcoming calendar. That’s not good, especially when N’Sync and the Bacstreet Boys are in town. Oh yeah!
Not planning leisurely events can be expensive, we all know that. But, I guess the reason why I don’t plan for fun events is because they are in essence already fun to do. Being pleasantly surprised on the upside is always a nice feeling. Who needs planning? However, when it comes to money, it’s often the medium which allows for great experiences without worry. Hence, I plan and plan some more.
What about you guys? Are you meticulous planners or do you do many things on a whim?
GREAT POSTS WHILE I WAS AWAY
Finances For Couples – A Guide To Starting Off Right by RJ Weiss. Some really good viewpoints from various bloggers on whether or not to combine or separate their finances.
How Inflation Screws The Poor The Most by Darwin discussing a very important topic which may come in the future given so much money printing by the Fed. Buy real assets!
The Only Six Personal Finance Blogs You Will Ever Need by Financially Poor highlights an eclectic list of blogs. What I like about the post is that Kevin actually picked out three good posts from each.
24 Free On-line Resources To Help Increase Your Personal and Financial Wealth by Barbara Friedberg. Great aggregation of resources Barb!
What Are You Putting Off? asks the Wealth Artisan, which is quite pertinent to today’s post. I’m putting off getting 6-pack abs until the next life. How about you?
What To Do If You Lose Your Job is a great post by the Amateur Financier who went through a job loss himself earlier this year and knows what to do.
Do I Think About Money Too Much? asks Evan from My Journey To Millions. It definitely sounds like it E-dog! Perhaps cut it down by 90%. One the money is automated then just sit back and rake it in!
The 25 Most Influential Finance Bloggers you Should Know by Jason from Redeeming Riches. Jason himself has a wonderful site and is a Twitter machine with a very generous heart!