Remember Jeff Foxworthy and his line, “You might be a redneck if (example) your dad walks you to school because you’re in the same grade.” As a Money Coach I encourage that you apply common sense to your money matters. Call it “Money Sense.” I preach caution when it comes to spending, especially if what you buy and what you own does not make good sense.
Therefore I say. “You might have too much stuff if:”
You have more on-the-road vehicles than you have licensed drivers in the household.
You have every check you have ever written. (Me, but I just threw out my phone bills for 1986.)
One of your monthly bills comes from a storage company.
You have clothes in your closet you haven’t worn in two years.
Your boat has not left the driveway for 15 years (thanks to Jeff Foxworthy).
Your garage is filled with broken toys and other stuff you “are going to fix someday.”
You find it difficult, if not impossible, to save any money because you are always buying stuff.
All your stuff is just “too valuable” to part with. (Me, my box of old Playboys.)
Your dog has six collars.
You throw magazines away because you don’t have time to read them.
You have three kids and six bicycles plus assorted bicycle parts.
You haven’t used the fine china in over three years.
You have two wrists and nine watches.
You can’t park your car in the garage.
You have more than six pairs of shoes – for a guy; add 10 for a gal.
You have a drawer full of single socks or a box full of socks that need fixing and you don’t know how to fix socks.
You have multiple copies of the same book.
You still have all your college textbooks (me again).
Your coin collection is worth less than the face value of the coins.
You can’t pay off your credit cards at the end of the billing period because you can’t stop buying things.
You own at least 20 baseball hats (thanks again Jeff).
You go to the Flea Market more than once a month.
Some of these may seem funny, but when you think about it, you probably have too much stuff. If all this stuff has caused you to live beyond your means, it is not funny – it is tragic. Point is you should change your buying habits and put the money to better use. So, why are you waiting? Find somebody who knows how to sell things on EBay and Craigslist. Or give your extra stuff away to someone who can and will use it. Or just throw it away before your wife does.