Posted by Tim Stobbs on September 16, 2009
A general question for everyone: do you worry about money? If so, why? What is it you fear? Please give your answer in a comment.
I’ll go first. I’m increasing less worried about money as I get older. I used to worry a bit, but now I’ve built up a significant savings pool I’ve realized if I get laid off and I can’t find a job for a while that I will be fine. I might consume of a large amount of my savings, but I can be out of work with no EI and still cover two years of expenses. That’s provided a huge sleep a night factor that has reduced my old worrying habit done to nothing.
I used to fear not being able to provide for my family. Since I’m the major income earner in the family I feel compelled to look after them. So perhaps that is part of why I save. I save to provide in case I can’t (yes insurance helps in some cases, but I still worried back then).