Forgive me for this bragging moment: A few weeks ago, I went to see Hamilton!
No, not in Salt Lake City, like the thousands of people who scrambled to get tickets Utah. I saw it in New York. And it was amazing! It was everything I’d hoped for and more. It was a lot easier to get tickets to this phenomenal show in New York than SLC, yet definitely more expensive.
When we decided to go to Boston for the marathon and I realized we were only a few hours away from Hamilton on Broadway in New York, I couldn’t pass it up. I seriously got chills when the actor portraying George Washington said, “Ladies and gentlemen, you coulda been anywhere in the world tonight, but you’re here with us in New York City.”
I didn’t throw away my shot of seeing Hamilton in the city where it happened. But it made me wonder if there are other areas where I may be throwing away my shot – especially financially.
3 areas where I’m not throwing away my shot
Here are a few financial areas I need to work on and how Hamilton can help me not throw away my shot at financial freedom:
1. Stick to my budget
I always have good intentions when it comes to budgeting. I go through my finances with my husband at the beginning of each month. Then we talk about where we can cut back on expenses and save more.
But life happens. By the end of the month, I’ve forgotten to consistently keep track of my expenses. So I have to sit down and figure out why I spent money here and what I bought there. My goal is to keep up to date on my budget throughout the month, so I don’t waste time figuring out what’s going on. It’ll help me remember to stay under budget as well.
We need to handle our financial situation. Are we a nation of states? What’s the state of our nation? – “My Shot,” Hamilton
2. No unnecessary expenses
King George was one of my favorite characters in Hamilton. He was so pompous and a little bit crazy. Yet, he’s definitely not the character you want to aspire to when it comes to finances.
Spending sprees, or retail therapy, can be more damaging than helpful. They give you a short elation followed by a much bigger letdown that can last for days.
Then King George turns around, runs a spending spree – “My Shot,” Hamilton
When I’m on vacation, I try to not worry about finances. The important thing is about making memories and having fun. So I hand over the credit card and go. I don’t go overboard by any means, but I let myself buy things or participate in activities I wouldn’t do at home.
And now that I’m home, it’s been hard to stop spending money. It’s so hard to get rid of a bad habit. But if I stick to my budget, I’ll be back on track before I know it. I don’t like to quote Aaron Burr, but “you keep out of trouble and you double your choices.”
3. Save for tomorrow
With my budget in better shape, I’d like to start saving for future expenses. One day I’d like to remodel the exterior of my house. I’d also like to get new flooring. Or plan another family vacation. The list could go on and on.
Wouldn’t it be amazing if I could save up my money and pay cash for these instead of taking out a loan or putting it on the credit card? That’s my dream. Which means it’s time to get to work saving money today for something I want tomorrow.
For the first time, I’m thinkin’ past tomorrow. And I am not throwing away my shot. – “My Shot,” Hamilton
The story of Hamilton is appealing because it’s about an ambitious young man who wanted to rise above his status and make a difference. He had a dream and he fought hard to achieve it.
Do you have a dream to become financially independent? What will you do to achieve your dream and not throw away your shot?