Do You Manage Money Like A Hawk or A Sloth?

in Life

There’s a story my friend told me of a co-worker of his who is the best financier he ever met. I mean this man could crunch numbers like you can’t even imagine. He was a numbers man through and through. He was notorious at the workplace as well as with his family for being an absolute dictator over every nickel, penny, dime, or rupee.  Just to give you an idea of what kind of OCD I’m talking about here, he apparently had his kids collect change from the ground and he would enter it into Quicken. Trust me, neither he nor his kids needed it. Nonetheless, and despite his authoritarian tendencies, it seemed to work for him. He was a total wiz with money.

It got me thinking… is this what I’m supposed to strive to be like to keep my finances in tiptop shape? Do I have to start collecting change off the streets to understand truly, the value of money? Is the only way I’m going to be able to stick to a budget is if I watch, like a ravenous hungry hawk, where each penny of my money goes?

I don’t think it’s worth the trade off. The whole reason I want to be financially secure is so that I can worry less. Isn’t that the ultimate goal? It seems like being a stickler is cause to worry more. Either way, I think my effort to manage my own finances is coming from a different place than this guy’s efforts to micromanage cash. For me, I have to remind myself to pay attention to money because my brain doesn’t naturally do it. Perhaps my friend’s co-worker has to remind himself to dwell less on money because that’s the way his brain works. Perhaps he is miserable.

The point is that all of us are coming from different backgrounds, live different lifestyles, and have different goals and responsibilities in life, and should therefore find what works for our particular situation. Like I said, I’m not interested in becoming an accountant with my personal finances –it’s just not right for me. Therefore, my goal is to find what works for me and hopefully someday my kids will thank me for not making them pick up pennies off the street.

How about you? What works best in your situation –are you a hawk or sloth with money?

Written by Kyle Bales

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{ 2 comments… read them below or add one }

francis November 17, 2011 at 5:02 pm

I tried to go the “hawk” route for awhile, but it was just too much upkeep. I’m the same as you and actually want to enjoy life!


Kyle Bales Kyle November 17, 2011 at 6:59 pm

Yes it’s certainly a lot more stressful… and not exactly necessary if you ask me


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