My mom wanted to caution me about disclosing how much money we have in savings, and I think she made a great point.
She recognized that I keep my “emergency savings” chart in my sidebar to help my personal accountability, and also because I love making progress and having a visual reminder of it. Some of you have told me that you’re inspired by seeing my savings grow. It can be a fun thing!
But, my blog isn’t an anonymous one. Many family members read it, as do plenty of friends (hi, y’all!).
I have wonderful friends and family, and I’ve never had anyone give me grief about money. And I’d like for it to stay that way.
My mom worried that if folks knew how much money we had, they might think we should spend it in certain ways. For example, they might think we can afford to fly over for a visit whenever we pleased, or take an expensive vacation with them, or buy them pricey presents, or lend them money, etc. I doubt my family would do that, though.
Our emergency fund is for emergencies only. End of story. But maybe others won’t see it that way.
So, since my blog isn’t anonymous, I’ve decided to adjust my bar graph to reflect only the percentage of our completed emergency fund. I don’t want to get rid of it entirely, because it does motivate me.
Even though I like to be open about personal finance, I realize that such an open attitude can actually cause problems, and it’s just not worth it.