Daddy Blog Finances

Spending Above Your Pay Grade

My friend wrote a really interesting post on her site titled “How “Goal Spending” Stops Us from Reaching Our Goals.” Here’s an excerpt from the article:

As a recovering marketer, I am going to let you in on a secret. Consumers do not spend congruent to their station in life. Instead, they spend for where they want to be. Each of us has a vision for our idealized self. It’s deeply ingrained in our psyche, and it becomes a powerful subconscious force that drives much of our daily activities. That includes our spending.

So, if we are, for example, an underemployed office worker but we would rather be, say, a celebrity with a house in Monaco, then we will be naturally drawn to spend in a way that projects an image of that idealized self as opposed to projecting the more practical current state of things. Marketers know this, and we take advantage of it. Everyday we bombard consumers with messaging to convince them that they too can live their idealized life if they only had the right clothes, or shoes, or purse. And it works. Every day we marketers tell you that you are not good enough, and you pay us for it.

These comments really resonate for me. I’m always amazed how people think they can spend money that they don’t have. I guess a lot of people aren’t fans of math, because the math of spending money you don’t have (we call that credit) is insane. The place I see this most is in buying a car. Don’t get me wrong, much like my friend Mel mentions above, the marketers have wrapped that small car payment in a really nice bow. It looks really attractive to only think of the car payment as $50/month. This is what’s so hard.

What we need to do to change this mentality is to help people realize that the simple $50 car payment works just as magical when you think about saving $50/month. Why can we think of a small $50 car payment as a small thing, but we can’t think about saving $50/month as a small thing? Saving $50/month is a small thing that adds up quickly. A $50/month car payment is a small thing that adds up quickly the opposite direction.

Reminds me of the famous quote (and there are many variations of it):

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.
– Albert Einstein

Don’t get me wrong. There are situations where credit might be necessary. However, 9 out of 10 times (maybe more), credit can and should be avoided.

Savings make you rich. Credit payments make other people rich.

Daddy Blog

Welcome to the Future Home of Crash Dad!

For a long time I’ve been itching to create a Daddy Blog. I think a part of me was tired of seeing all these mommy blogs and so few daddy blogs. I’m not saying I have anything about mommy bloggers. I think they’re fantastic and some of them do amazing work. I just always wished there were as many great daddy bloggers. Long story short, tonight I asked on Facebook if I should finally start my daddy blog. One person commented Yes, and 3 other people liked the status. Considering it was late on a Friday night, that seemed like more than enough support to finally bite the bullet and create a daddy blog. I’m sure my wife will LOVE that I started another blog. What can I say? I couldn’t resist.

For those of you wondering how I came up with the name Crash Dad, the first ever website I created was called It was basically a city search for Utah County where I lived at the time. The Crash was meant to be like “crashing a party.” I now live in Las Vegas (Henderson officially), but the CrashUtah name has stuck with me as I’ve started my various websites and businesses. So, it just seemed fitting to use the name Crash Dad for this blog as well. Plus, it will be no surprise that I crash and burn plenty as a father.

I’ll save most of the background on me for the About Crash Dad page that I’ll fill out soon. As the subtitle of the blog says, this blog will contain the musings of a working dad with 4 children. My wife will be happy I didn’t include her in the subtitle. I mostly couldn’t include her in the title since there wasn’t enough room for all the amazing adjectives I’d need to describe her.

To be honest, I have no idea what type of content I’ll put on this blog. However, I live a pretty interesting life and always have something to say. I’m a full time blogger and entrepreneur by day (my wife might say by night also). I have 4 wonderful children who drive me nuts some times, but are just like my wife and I in so many ways. I play far too much ultimate frisbee and love sports of every kind. I love dancing (watching and doing). I love my Faith in God. I’m a very lucky and blessed man. Now you see why I shouldn’t have a problem finding something to say.

Well, there you go. My entrance into becoming a daddy blogger. We’ll see where this takes us. Thanks for reading. Strap in, and get ready for the ride (or at least subscribe to the blog in the form above).