Re: Mental Accounts or why some people find it hard to save
Some people may think that way, but I don't. When I get a windfall, it pays off bills and once they are paid off, it goes into my retirement nestegg. That's what happened to my cash award from work. That's what I did with Christmas and birthday checks. That's what I did with my tax refund.
I think it's the LBYM mindset that many of us here have in common.
I am clearly focused on my goals and retiring comfortably is a higher priority for me right now than going to Disneyworld.
It's interesting to read about other mindsets, though.
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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