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Archive for November, 2010

Money and Clothes

November 28th, 2010 at 05:23 am

This past week has been busy for me with work. I did have Thursday and Friday off. I originally decided not to shop on Friday. So during the day on Friday I totally avoided the malls. However, I kept thinking how much I needed a couple of cardigans. So I decided to go to the mall in the evening just to see what types of sales there were on sweaters. I did find two cardigans that were necessities. So I bought them. I have been thinking for a couple of months about getting them. So it was not a spur of the moment purchase. Plus they are quality and have a classic look. So they will last me for years (hopefully) and are not trendy. So I felt that they were wise purchases. I only spent an hour at the mall and then left. Once I found what I needed, I left the mall. NO window shopping! So I am proud of myself. Plus I knew I would only spend a certain amount and no more. On Monday I know I will be able to deposit $300 into our long term savings. So I don't feel guilty about my two cardigan purchases.

I was very tempted to buy a Coach purse. I've been wanting one for years and have not bought one yet. There is a new Tanger Outlet near where I live. The Coach store there was having a great sale. But I resisted the urge to even look. I have made a promise to myself to save up specificly for a Coach purse and pay cash for it. So that is what I am going to do.

My DH made a $100 deposit to his personal account on Friday. He is trying to beef up his personal account. He got a surprise $200 bonus in his check on Friday. So $100 is going to his personal account and $100 is going to our long term savings. Hopefully next month he'll be able to add another $100 to it. Right now our focus is on our money market account.

I am still working on our financial goals/plan for 2011. But I will post those plans soon. I have also been evaluating how I am running my business. I want to get more clients next year and increase my income a little bit more. I am even considering hiring help. I currently work alone. So I have a lot to consider. Tonight my DH and I worked on his resume. He knows of some higher paying positions that will be posted on his job in January. So he is preparing to post for them. He works in banking and ultimately wants to be a Financial Advisor. So he is working up to that point.

I just finished reading Woman and Money by Suze Orman and The Automatic Millionaire by David Bach. Lots of great ideas. I've read these books before but I love to read them over and over again. I think I am going to make a list of personal finance books I'm going to read during 2011. I'll check them off as I read them. I need to find some recommendations on good personal finance books.

Well Suze Orman is on, so I better get going!

Added $ to Long Term Savings Today

November 23rd, 2010 at 12:58 am

I was expecting to make a pretty nice amount of money today from my work. But one of my clients had to cancel today. But I was still able to deposit $305 to our joint money market account today. I keep some cash at home now for little things or in case we are short on cash. My DH and I were talking and decided that we want to stop using our debit cards and start using cash only. It's hard to keep track of expenses when you use a debit card for little purchases. Plus if my husband uses the debit card sometimes he doesn't tell me he's used it or he can't remember the exact amount he spent. It may take a little time to transition to using cash for the most part but I think it will work out better.

I had a great weekend visiting family. My cousin bought another expensive bag. I think she spent about $400 on the last one. I don't think she has any savings. I admit sometimes I wish I had some of the things she buys but it feels nice to save and have a little money. She's a single mom of three boys and I know we bring in more money than she does. So I wonder sometimes how she can afford all the purses, expensive furniture and clothes she buys. It seems like she shops every week. And this week she's going to buy a game system for her and her boys. With all that buying, where is the saving???

My DH is finally on the same page with me when it comes to saving. I'm in charge of the money in our household. But it makes it harder when your significant other does things or spends money and it works against you. But he's starting to see the benefit of us saving money. Plus I think he likes seeing our account balances grow.

I'm going to work on our 2011 financial goals tonight. Plus I have some goals for the month of December that will set us up pretty good to start the new year off to a good start. So I'll be working on finances the rest of the night. I have 2 more full days of work left this week. Then I am off on Thursday and Friday. I can't wait!!! And I have decided to avoid the malls instead of giving in to temptation...

Free Lunch!

November 19th, 2010 at 06:07 pm

I am visiting my parents today. My dad made BBQ pork. He offered me a BBQ sandwich. So I get a great treat for lunch and it's free!

As of today, all of my bills for the month have been paid except one. It feels good to have everything up to date. My house is clean and laundry is done. So now I can enjoy the rest of the day and weekend. Hopefully it will be a low-cost weekend. I would love to not have to spend anything. But on Saturday we are going to visit relatives. So we'll have to spend the gas money to get there. But at least dinner will be taken care of.

Extra Money and Benefits

November 19th, 2010 at 02:37 am

Today my husband and I chose our benefits for 2011. We decided to keep the plan we are currently in. We were thinking of choosing a high deductible health plan. But I don't think we are ready to make the change yet. We'll see how things go for 2011.

I made a deposit to one of our long term savings accounts today. It was for $50. Tomorrow I have to cash a check from one of my clients and send a cashier's check off to my CPA for work he did for me last month. I'll be glad when I pay him off. I hate having bills hanging over my head, especially when the person is also a friend. My CPA is a good family friend. So paying him off is priority.

I am booked with work next week before Thanksgiving. I want to be off Thursday and Friday. So I scheduled all my work Monday through Wednesday. I thought about taking advantage of some Black Friday deals next week. But I'm feeling I should avoid the malls altogether. I am doing such a good job at saving. If I go to the malls, I feel like my old habits will resurface and I'll be spending more than I should. I'm making about $600 extra next week. So I feel like I should direct that money to our joint money market and pay some bills with it.

Savings, Savings and More Savings!

November 15th, 2010 at 02:04 am

I went out with a friend today for dinner. She treated me to dinner. So I did not have to spend the twenty dollar bill I sat aside for eating out tonight. So I am going to add that to our long term savings account. My wedding anniversary was in October. A family member sent us a check for $30. But she did not have the correct address. So we didn't get it. She resent it to us and we got it last week. So we are going to add that to our long term savings too. That makes a total of $50 we will add to our savings at the bank this week. I am also going to add at least $200 to our money market account at the credit union this week. Plus my personal savings account will have the automatic $5 transferred to it tomorrow. So I am in an AWESOME savings mood right now! It's fun watching your savings grow. I even got my mom excited and saving with me.

Decisions Need to be Made

November 6th, 2010 at 11:28 pm

I have had a great Saturday. My house was clean because I had it cleaned on Thursday. I have someone else clean my house....for free! I don't pay for my weekly cleaning services. I will explain later. So I did not have to worry about household chores this weekend. For dinner tonight we only spent $4.35. We had Fettuccine Alfredo. I have started making my financial goals for 2011. So I will be working on that for the next few days. We also will be choosing our health benefits for next year this month. We have to decide by November 19th. We are seriously considering just paying a higher deductible instead of having low co-pays. Hmmm...decisions...

I Finally Started My Blog

November 6th, 2010 at 02:16 am

I have debated whether to start a blog for a long time. But I decided to take the plunge and go for it. My hope is to become financially at peace, meaning that I won't have to worry about bills or having enough money in the bank. I love the ocean. It always makes me feel free. My husband and I go to the beach every year even if it's just for a short weekend. We always say that when we become more financially secure we'll take more trips to the beach. We are only 2 hours away from the ocean. But until that time comes we have a lot of work to do. This year we have been working hard at lowering our expenses. We were paying close to $900 in rent (we do not own a house yet) a month. But we found a cheaper place and now only pay $610/month. That was quite an adjustment because our "new" place is not nearly as nice or as new as our other place was. But to save $300 a month, it made the most sense from a financial standpoint. I had a car that we paid off in May. I was paying $300 a month for it. Also we had a furniture payment of $250 a month. (we will NEVER finance furniture again; such a waste!) But we paid that off in September. So already we have a savings of around $850/month! And we plan to continue getting rid of all unnecessary expenses. My husband's car will be paid off next Spring. Once his car is paid off we will not have any more car payments, which would be another $350 in savings each month.

We made foolish financial decisions in the past, trying to keep up with our friends. But we have learned that we have to do what's best for us. And personally, I'd rather have money in the bank instead of all the latest gadgets and luxuries.