I am not sure why I am all of a sudden feeling this way, but I am wanting to buy things. Not just normal things, but big ticket item things. I’m talking grand things like:
- A Precor 9.35i Commercial grade treadmill because I can’t even make it to the gym anymore due to my insane schedule. I’m convinced that I will use this treadmill if it were in my home. The problem? For starters, the price is $4999.00!!!!! Secondly, my house has no room for this monstrosity. Yet, the want is there.
- New bedroom furniture for our bedroom because we have never owned new furniture. Everything has been hand me downs. I want a new bed from Pottery Barn ($1400+shipping), a new dresser from Pottery Barn ($1400+shipping)
- A new windows based laptop because no matter how much I try I cannot run Windows via parallel or bootcamp. Which means i can’t use Quicken, which just pisses me off. The cost for a “decent” Dell at Costco is about $650, which includes a brand new Lexmark printer.
- To that end, I am coveting an iPad even though I know it’s a glorified iphone, which I have. But, why do I want one of these stupid things? I don’t know! $500!
I tried to do psychoanalysis on myself on why I suddenly want stuff and the answer is simple, I’ve deprived myself to pay off the credit card debt, to save for down payment of new car and I haven’t treated myself to something in so long, I’m going crazy. I think I need to treat myself to something nice and cheap, something as a reward because I’m eating healthier etc. Not sure what I would buy since I’m too cheap to actually hand over the debit card but maybe some work out clothes? Or, perhaps a new Filofax or Franklin Covey Planner. Something that costs under $50 and definitely not $4,999.
Am I going to indulge on anything of the above? No! However, I will be perfectly honest, I am really *this* close to getting the laptop. I’ve lamented for so long about it and I think part of the reason why I don’t blog as often is because it’s impossible to run my actual budget & spending in Quicken because IT WILL NOT WORK. I tried for over an hour trying to get it to work today only to get frustrated and say, “F*CK IT! ARGH!!” And, you all know I’ve been complaining it for a long time.
1. The most I’ve spent this last week was on bi monthly mortgage payment in amount of 830.86.
2. Today I am thankful for my co workers. I was out ill for last week and they all held down the fort for me while I was out and worked on a lot of my critical issues. So blessed that I have them.
3. Money can’t buy happiness. One free thing I did last week that made me happy was cutting my peonies from my garden into all these lovely bunches in my house. They are doing really well this year and the two plants I bought 3 years ago are really blossoming into big bushes and big blooms. I’m waiting for my hydrangea bush to start blooming as well.
4. I will consider this week a success if I complete a huge project at work, pass my last test & manage to catch up on my work email this week.
5. One craft I’d like to master is carpentry. I swear I could do so much stuff to my house if I knew how to do basic carpentry – make awesome built ins to create more storage.
Weekly Money Check-Up is a weekly series on My Pretty Pennies. If you do post it on your blog, please credit MPP and link it back her.
I have been so bad at posting my budget/spending etc. Basically, a sporadic blogger but I am trying to be more consistent. With that said, below is June’s budget. This is DH’s last month of income and I think the actual amount we save will be a lot higher but I’m just not sure how much right now.
For the month of June I am hoping to accomplish the following:
- Get healthier! I was out for a whole week from work due to bronchitis & literally on bed rest until today. I’m hoping to load up on vitamins, work out again and eat well.
- Run at least 3 times a week.
- Sign up for hot yoga 😉
- Not eat out this whole month & encourage DH to do the same (we have it in the budget for my mom’s birthday but other than that, no eating out!)
- Pass my finals 🙂
- Keep my checkbook balanced to the penny.
- Catch up on my work emails that are overflowing at the moment.
- Plant some more flowers in the backyard.
June is fast approaching and I wanted to do a half yearly check up on my goals for the year.
- Focus on the positive in my life and walk away from the negative. This is a daily mantra for me and I think I’m doing pretty good. Even though some things haven’t gone my way, I am looking at the positives of things instead of dwelling. I also have let go of a lot of toxic people in my life and have absolutely no regrets.
- Work on being a better wife and mommy. This is also ongoing. My oldest is approaching the teenage years and I’m hoping that our relationship doesn’t change.
- Run 2 half marathons. I’ve signed up for 2 in October & November.
- Run 1 marathon. This one will probably not happen. I have not been as committed to running as I should be with school/work.
- Hot Yoga at least 3 times a week. Fail. No time right now.
- Lose 40 lbs by eating healthy and consistently working out. I’m down 14 lbs so far 🙂 Ongoing battle.
- Study hard! Pass. My grades are still good despite my workload.
- Finish up my transfer degree and apply to the University! Still marching to this goal.
- Get 8 hours of sleep every night. Fail. I cannot get to bed before 11 every night and I wake up at 4:30 everyday.
- Continue working hard and closer to my next promotion! Fail (for now). Promotion got turned down this past week.
- Apply for jobs in the department my old boss now heads up. Fail. Trying to get promoted first.
- Try not to work more than 40 hours a week to maintain some sort of work/life balance. Fail. My weeks have averaged about 60 hours per week.
- Remember that work is just work at the end of the day. Fail. This job is uber stressful at times and I can’t but take it home sometimes.
- Have a written budget every month and stick to it. I’m doing relatively okay with this. There’s only been a couple of times where I have not stuck to my budget but I cut back on other costs so that we are not in the hole.
- STOP SHOPPING. Really, I don’t need any more stuff! Pass. Have not bought clothes or random stuff to fill up our house.
- Start posting on Sundays about weekly spending to hold myself accountable. Fail. I was really good at this for a little bit but as my work load increased, I have had less and less time to be consistent with this. Will re-focus.
- Communicate better with the Mr. about money. This is so/so. I try really hard but he doesn’t seem to want to know and or care about what happens with money so long as we can pay our bills and have money saved up.
Save $5,000 in a baby emergency fund by putting away $650 every pay period into our ING account. We get paid bi-weekly so we can save this amount by the end of February, sooner if our bonuses are anything like last year! Achieved 2/15/2012
- Continue to contribute 8% of pay check to 401(k)
Pay off our medical & dental bills – approximately $2,000 (1,000 for medical and the rest for DH’s crowns last year). Paid in full 2/28/12
- Pay off my credit card – $5,500.Paid in full 05/11/12
- Start aggressively paying down our car note, which today sits at $31,913.20. On hold until DH finds a job. For now we are paying the minimum only.
I’m relatively happy with the progress that we’ve made so far this year. There were some ups and downs but overall the progress has been great! When I started blogging I was spending money recklessly, not paying attention to my bills and mail. I didn’t track a penny that was being spent. My bank account was horrendous – it would be full on pay day only to be dwindled down by $20 charges here & there. DH and I would do what we wanted and then freak about the bills after we spent all the money. We had no savings, we had money borrowed against our 401k.
Today mail is opened up right when it gets here. I save approximately 22% of our income before a bill gets paid. I pay the bills right when we get paid. We still have some ways to go with the Line of Credit, Car Payment & my student loans but today I am optimistic that we can figure a way to keep plugging away at those bills despite DH not having a job after June 30th.
I’ve been thinking a lot about DH’s impending job loss. I really wanted him to start looking for a job right away but he has not be able to make time to look. His commute is at least an hour and a half each way. That means he leaves the house around 6:30AM for a 8:00AM shift. He gets off at 5:00PM but doesn’t get home until at least 6:30 each day. He is also afraid that if he takes time off of work, his work may find a reason to terminate him thus making him ineligible for the severance pay. With that said, we are going to need to figure out how to live off of one income until he finds something.
His severance package will be approximately $17K after taxes. We are planning on putting all of that into our ING account. It will not be touched unless a huge catastrophe happens. We are in WA state and I think based on some very rough calculations he will be receiving approximately $400 per week after tax. My hope is to also hoard this and put it into savings. To do that, we need to come up with a game plan to live off of my income. I think we can do it. I haven’t had time to sit down and calculate the actual numbers yet but I think we can provided we can keep our fuel costs low and cut our grocery bill. We’ve done an okay job of not going out to eat unless it is planned around special occasions and for the most part have been packing breakfast, lunch, snacks and dinners to work.
My plan is to go through the numbers tonight and put together a budget for the next few weeks with only my salary and saving hubby’s salary. I’m also going to be scouring the internet to look for articles, tips and tricks on how people have managed to live on one income. Of course, if any of you have lived on one income, please share your stories and offer me any advise you have!
1. The most I’ve spent this last week was on paying off my Visa bill ($729)!
2. Today I am thankful for great friendships. This Saturday, 2 of my oldest friends came over for dinner. We ate, drank and played Dance Central with our kids.
3. Money can’t buy happiness. One free thing I did last week that made me happy hang up 80% of my picture frames with hubby. Our house looks much cozier and warm.
4. I will consider this week a success if I can balance my checkbook by Friday as well as do all my homework before Sunday.
5. I am really trying to get over my fear of swimming. I signed up for adult swim lessons at the local pool. I want to be able to tread water, swim amd most importantly not drown!!!
Weekly Money Check-Up is a weekly series on My Pretty Pennies. If you do post it on your blog, please credit MPP (www.myprettypennies.com) and link it back to her.
DH’s last day at work is fast approaching with June right around the corner. Now that my Visa is completely paid off, I will be back to saving $650+ per pay period. I was really counting on my promotion to go through but it got voted down by the Human Resources department. I was really bummed out last week when I was told. I have been working my butt off and to be told that I can’t get my promotion because of judgment passed on my profile (people who don’t know me at all) is very disappointing to say the least. I was told that I will still be put through the promotion round in September. In my mind, that’s too long, but there is nothing that I can do about it so after this post I’m letting the bad juju go.
With that said, I do want to pare down on our costs as much as possible. A few things I’m looking to cut out until DH finds another job:
- Eating out. This is a given but with all the kids’ sporting activities, me working/schooling all the time, it’s hard to not get food. However, it’s not nearly as bad as it use to be, which is great.
- Gym membership. I’m so torn on this because I’m someone who absolutely uses and loves going to the gym. However, I discovered my love for the “insanity” work out program that I can do at home. It hasn’t completely replaced my love for being at the gym but I love that I can do it early in the morning and get it out of the way.
- Weight Watchers. I am starting to use the myfitnesspal app more and more, completely ignoring my WW’s app.
I’m sure there is more I can cut but for now that’s all my feeble little brain can think of. I am hoping to be able to pay all of our bills (mortgage, utilities, insurance, groceries, gas) based on my salary. Now that the Visa is paid off, I feel less stressed about money and want to focus on saving & living on my salary. We are going to start saving DH’s last few paychecks.
Anyhow that’s all I have for right now. Have a great night 🙂