Wednesday, May 09, 2007

Cost-Benefit Analysis

Whenever you read one of those "money-makeover" kinds of books where they talk about budgeting and getting out of debt and not spending so much, they always talk about being aware of the "real cost" of something.....

Like if I want to get the latest Petra cd (and I bet somewhere there's one we don't own), I need to figure out how much it's really going to cost me. So if the CD costs $16, and I make $8/hour, I need to decide whether or not it's worth it to work 2 extra hours elbow-deep in grease at the Burger Barn in order to afford that cd.

That's what's happening at the Magruder house recently....music lessons, clothes, cars, eating out....all put in the perspective of a child (or children) living in an orphanage across the ocean with no family. The sacrifices we need to make now really pale in comparison.

I'd bet we all have something that puts spending in perspective for us....whether it's getting out of debt, saving for a house, Missions, paying for school.....what's the thing that motivates you to be disciplined with money?

2 comments:

Bradjward said...

I'm motivated to save for a house and avoid paying $800/month rent in Indianapolis. :(

Sunita said...

A wedding makes you save money too...