Do you have enough margin?
October 4, 2017

Many years ago a friend was worried about a colleague. The colleague was a newlywed with a baby on the way, and a big mortgage he’d celebrated a promotion with. “The thing is,” my friend said, “if something goes wrong he’s in trouble.”

Something? Like what?

“Like if a carton of milk spoils,” she said.

Okay, granted. This was gossip. But as long as I wasn’t passing it along to other people, I thought it was okay to ponder, to learn from.

My friend was kidding about the lack of margin in this guy’s budget, but not by much. And her comment stuck with me. Over the years, watching so many other people spend a raise before the first check was deposited, I wondered why they celebrated more income with more expenses.

Wouldn’t more breathing room be a bigger treat?