Why Finances are a Major part of life (part 1 in financial series)

Does your life revolve around money? This is a question that many people ask themselves on a day-to-day basis. Many of us not knowing the correct answer to the question.

What is my answer to this question? Yes, mostly everything in your life has something to do with money in one shape or another. The question isn’t if money is a significant player in your life; it’s whether you are realistic about your relationship with money and how much money you need to live.

When it comes to figuring out your financial number (the amount you need to make to live the life you want). First, you need to understand how money works in the circle of life (yes, just like the Lion King).

The beginning of Life

We would like to think that we come into this world as an asset. However, this could be no further from the truth. In fact, we come into this world as a liability from a financial point of view. Why is that, you ask? Allow me to break it down for you.

  1. Definition- Liability- the state of being responsible for something. A thing for which someone is responsible, especially a debt or financial obligation.
  2. Starting with birth, your parents or guardian has a financial responsibility to take care of you. That begins with the first hospital visit (Happy Birthday).
  3. Once they leave the hospital (with their new bundle of joy), they have to feed you, clothe you and put a roof over your head for the next 18 years (or the day you leave or they put you out).

So, from an emotional standpoint, you may be the apple of your parent’s eye. You may also be a great asset to your family (emotionally). Yet, financially you are a liability. I know that is not what we want to say or I also know it doesn’t sound nice; however, it is a fact whether you come from humbled beginnings or are born into wealth.

The transition

Once you are of legal age to take care of yourself (or at the very least, the age when you think you are). The responsibility that was once your parents is no longer theirs. Now it is up to you to feed, clothe and house yourself (or your family if you started young).

If you are born into wealth, this transition may be easy for you (depending on your parents and if they give you any financial help, if they still have their own wealth, or if you decide to take your own financial path or learn how to manage money differently then the way you were taught).

If you come from humble beginnings, this transition may be good or bad, depending on what you have learned from your parents about money, what money habits you have developed on your own, what career path you choose, and your financial literacy.

Middle of the road

Once you have transitioned, your finances are all on you. The life you live and the habits you have fallen on your shoulders. From now, tell the day that you are no longer on this earth. Some of us have our ups and downs financially durn this time. There will be some of us that do pretty well for ourselves. Others will go above and beyond.

At this point in life, money has much to do with your daily life. Well, if I can be honest, money has much to do with life.

Where you live has a lot to do with your finances.

Your transportation has a lot to do with your finances

The type of home you have has a lot to do with your finances

In some cases, how many children you have has to do with your finances.

What you eat, where you shop, and how you dress all have something to do with your finances.

The End Game


Your death is the last stop on your financial journey. Though most of the time, we look to have money when we are alive. We forget that you also need money when you die.

This is the time in life when you can do one of two things. You can leave this world the way you came (a liability) or go “Paid in Full.”

One good money habit of having is planning for the future. Having your affairs for your death is an innovative business for you and the people you leave behind.

If financially you have no money set aside or tucked away when you die, it falls on your family (unless you pass a Jane or Jhon Doe). When this happens, you become a liability to them in the end. So know they must pull what they can to send you to your final resting place.

If you take the time to plan the last part of your life and have everything in order, then your family only has to worry about saying goodbye. You can live with peace of mind knowing that everything is taken care of. This is what we call “Paid in Full.”

So for those of us that have the blind belief that we make money more than it really is in life. I ask that you take your blinders off and realize that money is a significant part of life, whether we like it or not. The only way we can put it in the background and not on center stage is by the choices we make on our journey.

Well, that’s all I have for today; I hope this helps you on your journey.

Thank you for reading Everything Frugal.

Leave a comment