• Franchelle Caesar MD

Ideas from 1977 that help you thrive in 2021

I was barely awake yesterday when this thought popped into my head: How did my mother make Christmas happen?

I actually love it when I have random, waking thoughts. I know beyond a doubt that it's my Inner Being sending me a message.

I make it a point to pay close attention to them.

So as I lay still in my bed, with my eyes closed, I took a moment to ponder the question.

And do you know what the super-enlightened answer was?


Yep. I was born in 1977 and therefore grew up in the eighties. Credit cards, even debit cards, weren’t widely available at that time. I actually remember when my mother got her first ATM card.

I’m grateful that credit and debt are largely a new issue, because it means that you may only have your debt and not generations of debt.

Despite the relatively new ability to blow right past zero dollars in the bank and keep on spending, you may have managed to rack up more than your fair share of debt. I know I did!

But I was also able to pay it off, which feels like a miracle. But it’s actually not a miracle. It was part of the proven strategy that I will teach you.

Now that I am living a debt-free lifestyle, I understand why my Inner Being woke me up thinking about lay-away.

Just like my mother gathered our clothes, toys, and shoes up months in advance, handed them to the lady behind the counter at the front of the store, and came back month after month to pay for them little-by-little, I have created a virtual lay-away system in my family’s finances.

I’ve been writing to you about how we managed to afford Christmas and all the December surprises (my husband’s car repair ended up costing $1,400) without affecting our monthly budget.

And while I was sleeping peacefully, my beautiful brain connected the dots between our Sinking/Holiday Funds and the old-school Lay-Away system.

With lay-away, you select your items and they are kept at the store for you until you finish paying for them in installments.

With Sinking/Holiday Funds, you add a little to the savings account each month to meet a desired amount.

For example, I knew that I wanted to spend about $500 on both kids for Christmas, so I added $42 each month to the Holiday Fund.

We didn’t end up spending $500 so I was able to give a nice amount to my nieces and nephew.

It’s nice to know that we can always find our way back to time-honored money management principles, no matter how far we stray.

What are some of the “old-fashioned” money management principles that you still use?

Hit reply and let me know.

Tomorrow I'll tell you what I'm grieving from 2020, what I'm celebrating, and what I'm creating in 2021!

Talk to ya later,


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