Six Questions About Money: An Interview with Pocket Your Dollars {New Feature}

Welcome to Six Questions! It is a new feature where we’ll ask different people from various walks of life the same six questions. I expect that each person will bring something unique to a standard set of questions. The first person to try out the Six Questions is me, Pocket Your Dollars.

I hope that gathering all these perspectives together, over time, will help us. I want us to be inspired, encouraged, prodded to think, reassured, challenged and stretched as we hear from people who are both similar and  dissimilar from us.

The idea for a Six Questions feature came from my  friend Lanae, Social Networking Nanny. She has The Nanny Nine which is a set of 9 social media questions that she has asked everyone from bloggers to large corporations to media executives. I love each time she posts a Nanny Nine interview because I l-o-v-e to learn from others. Hearing different people weigh in on the same topics really interests me. Therefore, we’ll hear people weigh in on our own Six Questions.

If you’d ever like to be featured in a Six Questions column, email me to express interest.

Introduce yourself in 75 words or less

I’m no stranger here, since I am the founder of PocketYourDollars.com. I’m also the author of Pocket Your Dollars  which released in January 2013. In 2006 my hubby and I decided to get out of non-mortgage debt. It took 2.5 years to do that. Since then we’ve avoided new debt, except we swapped mortgages in 2012 when we bought a new-to-us-house and sold our townhouse. Read my full story and Pocket Your Dollars’ history here.

What money issue are you dealing with in your life right now

I need to get smarter about investing. I got a subscription to Kiplinger’s magazine as a starting point, but haven’t kept up very well with my reading. I want to be as savvy with investing as I am with frugal living.

One thing you learned about money while growing up that has stuck with you into adulthood

Not surprising here, but frugality. I remember riding along with my dad as he visited multiple grocery stores each week to score the best deals at each one. We teased him relentlessly about it. Fast forward 25 years and I called him one summer day in 2006 and said, “Dad, I have become you. I went to two different grocery stores this week. I finally get why you did that all those years.”

One thing you didn’t learn at home about money, but wish you had

How to save money in the bank. One Christmas my parents opened a savings account for me with an initial $50 deposit. I remember thinking, and maybe even asked, “what’s the point of this? Why would I leave $50 in the bank if I could withdraw it and spend it instead.” So I did. I promptly spent the $50, closed the account and that was the end of my experience with savings. I love my parents with all my heart, but wish I had witnessed them living a lifestyle of delayed gratification and savings. I wish that thinking would have been  ingrained  in me at a young age.

Name your favorite money tool, resource or book?

Apart from my own website and book, I’m a huge fan of  You Need A Budget. It’s a software tool that has made it tremendously easy for me to run our household finances. As for books, The Millionaire Next Door revolutionized my thinking about wealth.

What’s one piece of money advice you wish every American would follow?

Live within your means. And, let’s be clear that “living” does not mean just your monthly bills. It means the entirety of your life’s expenses including birthday gifts, summer vacations, next year’s winter boots and the new tires your car will need a year from now. Living within your means includes allocating money into savings for tomorrow’s expected expenses.

Questions, comments, thoughts for me? Ideas or suggestions for improving the Six Questions (I might  be willing to make it Seven Questions if you point out a barn burner)? Anyone in particular or any type of person you’d love to have answer these questions?