Let’s talk about some ‘truisms’, or clichés if you like.  You know that advice in the form of sayings that have been around for so long that they have become engrained in the fabric of our speech and culture?  Or, maybe they have become so engrained that they have become old, stale and dusty. 

Well, let’s dust off those bits of wisdom and look at them again.  I mean, they became truisms and clichés because there must be a bit of truth to them.

The first one is my favorite because it deals with your finance.  And, even though money isn’t everything, having it is better than not having it.  By the way, one of the sayings I would like to point out is the one about money and evil.  The way the saying goes, is that the ‘love’ of money is the root of all evil.  The money itself is not necessarily evil.  Also, by the way, there is another one. (Money isn’t everything).  

 That leads me to ‘Pay yourself first’.  My grandmother told me that many years ago when I asked her how she had amassed a small fortune living on Social Security and Grandpa's small pension.   She was always able to afford anything she really wanted to do, including help her grandchildren, and this particular grandchild.  I borrowed money from her to buy my first car.  A ’67 Mustang, but that’s another story.  She always took the first 10% of her money and gave it to the church.  The second part of her monthly income went into savings.  Yes, this meant that she had to BUDGET.  A bad four-letter word stretched into six.  But when she passed away at the age of 85, she had amassed a small fortune of about $250,000.  Not bad, huh?

The next cliché also pertains to your financial success.   ‘Nobody plans to fail, they just fail to plan’.  Lets apply this to your finances.  This means plan your finances, or in other words, BUDGET.  There’s that four-letter word again.  You might think that this is obvious, but you would be surprised how many people don’t budget their money.  I’m not saying down to the last penny/nickel/dime/quarter/dollar.  Generalities can work at first.  If you want to start slow, just keep track and write down your expenses, and everything else you actually spend.  Notice the difference.  Your expenses are things you know you have and probably have a bill.  But how do you actually spend your money?  This is why we write this down.  You can see where it goes.

Let’s summarize.

Pay yourself first.

Money isn’t everything.

The love of money is the root of all evil.

Nobody plans to fail, they just fail to plan.

What this means to you?  Hopefully some words of old advice from which you may benefit.  By the way I am old myself, so most of my advice could be considered old.