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Finished Paying A Bill Today

December 16th, 2010 at 03:09 am

Today I made the final payment to my CPA. It feels so good to get that taken care of. I have an extra $250 that I am trying to decide what to do with. I think I may just park it in my checking account for right now.

Normally I keep about $100 hidden at home for quick runs to the grocery store or for whatever else we may need. This is so we don't have to run to the ATM or use our debit card for small purchases. I just started this a couple of months ago and it's been working out nicely. Yesterday my husband and I wanted to get a small heater for our bedroom. It's been so cold and we don't want to have a huge heating bill. So we thought a small heater would help keep us warm at night. I used cash that was on me, so we did not have to use our debit card or go to the ATM.

I live in North Carolina and we are expected to have some wintry weather tomorrow. Last year I would have been panicking because I am self-employed. If I don't work, I don't get paid. Last year I really did not have any savings. So if I missed getting paid due to wintry weather, I would have been in trouble. But tomorrow if I don't work and don't get paid, it won't really hurt. That's a nice feeling. But it would still be nice to make that money tomorrow. :-)

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!

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.