A while back I wrote about co-workers’ plans to spend their tax rebates. I was called “boring” when I stated that I would invest it and pretend it never existed. (That’s the same sort of thing that I do with portions of my annual raises and bonuses, as well.)
If it is boring to save more than I earn toward larger goals, such as retirement, then call me boring.
Are you boring? Let’s see:
- If you read personal finance blogs to get ideas on how to save money, you are somewhat boring. If you use those ideas to actually save money, you are boring.
- If you check your bank statements, and credit card and utility bills every month for mistakes, you are boring.
- If you never carry a balance on any credit card, you are boring. If you set goals, save before buying, and never use credit, you are very boring.
- If you keep a monthly budget, you are boring. If you deprive yourself after going over budget, you are definitely boring.
- If you get a bonus and put it into the bank without looking at it, you are boring. If you get a raise, but live within your previous salary and save the extra money, you are very boring.
- If you drive a small car that that’s more than 10 years old, you are boring. If that car has more than 250 thousand miles, you are very boring. If you don’t have a car, you are also very boring.
- If you have money automatically deducted from every paycheck into savings, you are boring. If you invest it in index ETFs and mutual funds, you are also boring. If you re-balance only once a year, you are very boring. If you consider yourself a Boglehead, you are extremely boring.
- If you know how to order parts for your household appliances, and fix them yourself (I lump things like leaky faucets and toilet valves in here as well), you are boring.
- If your TV is not high definition, you are boring. If you do not own a TV, you are very boring.
- If you look for ways to reduce monthly charges, you are boring. If you actually have reduced your monthly charges by canceling services or by calling providers and threatening to cancel, you are very boring.
- If you cut coupons and then actually use them, you are boring. If you use double-up coupons you are very boring.
- If they know you by name at the local library, you are boring.
If you answered yes to 8 questions, you are doing pretty well and are financially boring. If you answered yes to 10 questions, you should have no trouble reaching your financial goals, and are very boring. If you answered yes to all 12 questions, you… are… (snore)…