Whenever we talk about fiscal responsibility, people often go down the trek of how to save cash. Little tricks you can do to save some money here and there that add up to big savings in the long run. Those are great tips but to seal the deal on being fiscally responsible, the trick is to take care of our stuff. When we take care of things by being careful and subjecting them to routine maintenance, our stuff lasts longer and saves us money from having to replace it.
Cell phone companies love to come out with new phones every year. We, as consumers, are convinced that we should be replacing our phones often because of these releases. Ads are designed to make us feel like we really must have more memory and more apps on our phone. Let’s be honest, we don’t. The only time we really decide to buy a new phone is when ours breaks and we are left without. Suddenly it’s a crippling expense. If you take care of the phone you have, and it takes care of everything you need to do with it, you shouldn’t be replacing it each year.
Taking care of that phone is as easy as simply getting the right cover for it. If you want to know what traits in a phone cover you want, we can simply look to the not-yet-released iPhone 8 cases. You need something that absorbs impact from dropping. You want something waterproof. All while remaining sleek and stylish.
Vehicles are the one cost in which we should really be focusing on the routine maintenance and yet we are the worst at it. Most people don’t get their routine oil changes. Many don’t have the tires balanced and rotated regularly. We get caught up in our hectic lives and put it off as much as possible. Unfortunately, this leads to additional wear and tear on the vehicle that could’ve been avoided. When that happens, our vehicles break down sooner and more often. There is a disturbing trend in which folks run into this situation and they instantly trade or sell the car and replace it with another. Thus, repeating the cycle. If you sat and calculated how much you spent on vehicles over 10-15 years compared to someone with one vehicle in that time span who maintained regular maintenance, you would see such a huge difference that it might smack you back into reality.
The home you spent months looking for also needs plenty of maintenance to avoid major costs down the road. Maintenance for our homes are often broken up over monthly checkups and then seasonal and annual routines. This makes it much easier to prepare your home for major weather changes and you can find issues much sooner. In your budget each month, you should be putting money back for repairing the home. That way if you need to change out storm windows before winter rolls around, you have plenty in the bank to cover that and you won’t scrounge. Most of your maintenance can easily be done by you, the homeowner. It takes a little know how to get around some of the problems which inevitably arise, but with the help of Google you can easily find tutorials on how to check things like your air filters. Bigger projects may require a professional but the goal is to cover as much of that on your own within the scope of your capability.
Bottom line, all of our savings start at home and the things we own. From electrical gadgets to vehicles and to our homes themselves, it’s up to us to take care of it all. When we do, that’s when we see true fiscal responsibility. Not just someone trying to save a few dollars here and there. When we gain fiscal responsibility, we often see an improvement in our credit scores and we feel more relaxed and comfortable with our finances.