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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.

Posted in Budgeting, Personal Finance, Saving Money, Shopping | 7 Comments »

7 Responses to “I Finally Started My Blog”

  1. creditcardfree Says:
    November 6th, 2010 at 02:44 am 1289011462
    1289011462

    Welcome to SA! It sounds like you have done a great turnaround financially. Congrats and keep up the good work.

  2. baselle Says:
    November 6th, 2010 at 04:21 am 1289017287
    1289017287

    You've got a great start - sounds like you are freeing up nearly $500/month, which is FANTASTIC position to be in (I figure that fiscal gremlins will get you for the other $350). Keep us posted as to how you are figuring out to get the money to save to work for you.

  3. NJDebbie Says:
    November 6th, 2010 at 01:02 pm 1289048544
    1289048544

    Welcome! I agree that you are off to a great start. One bit of advice, now that your car is paid off and your hubby's car will be soon, protect your investment by maintaining your cars. Schedule oil changes, tune ups and do repairs when needed so that it won't cost you more down the line. We have a 2001 Suzuki GV that still looks awesome and runs well because my husband takes care of it (I can't take the credit for it).

  4. Homebody Says:
    November 6th, 2010 at 02:46 pm 1289054789
    1289054789

    Welcome! You sound like you are on the right track.

  5. Ima saver Says:
    November 6th, 2010 at 07:42 pm 1289072570
    1289072570

    Welcome, glad you have joined us! Save your money!!

  6. snafu Says:
    November 18th, 2010 at 06:14 pm 1290104068
    1290104068

    Good on you Robin. Being aware of the need to make well thought out financial decisions is a big step forward. You have already reduced outflow by $840. per mo. . Each anniversary we review the current 5 yr. plan, using it like a road map to know where we're going.

  7. Looking Forward Says:
    November 20th, 2010 at 08:10 pm 1290283800
    1290283800

    Belated Wecome!
    Here's to more trips to the beach for you! Big Grin

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