The author of one personal finance blog I read paid 100% cash for her house. Another managed to pay her house off years early; she is 31 and owns her home outright. Me and my husband? We are still renting and haven’t yet even earmarked a house fund.
I watch Suze Orman every Saturday night. It is one of my guilty pleasures. I routinely see couples my husband’s and my age who are bringing in $10,000 to $12,000 a month. Right now, because I made the choice to stay home, we are bringing in about $2,100 a month. In her “How Am I Doing Segment” I often see couples our age who have $400,000 to $500,000 set aside for retirement. We do have a retirement fund, though it is not nearly as large as that.
If you read many personal finance blogs, you will see authors in all sorts of financial straits. A few are digging their way out of enormous debt. However, some are paying cash for everything and achieving great financial goals.
I used to compare myself to the other bloggers, but I realized that was harmful. Either I was jealous that other people were doing so well, or I felt superior to others who were struggling more than we are. Neither emotion is productive. Neither feeling helps me improve my life.
So now I have made it a goal to only compare to myself, to only look at the progress our family has made. I have created a chart to record all of the money I am earning working at home. My goal is to make a little bit more each month than I made the month before. Then I know I am learning and growing and succeeding.
I shared this post at Life as Mom.