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Budgeting and Debt

June 22nd, 2011 at 08:46 pm

Still plucking along with our budget spreadsheet...we started using a rigorous budget in January of this year and it has made a world of difference in our money management process. I was never really against a budget but I've never been taught to use one or even how to use one so I just assumed I was budgeting by balancing a checkbook and 'seeing' where my money was going. LOL -- that was clearly a massive failure b/c I was only 'seeing' my money fly out the window! Anyway, we are doing good and I am proud of our progress. We've been able to get serious about paying off debt and we've paid off everything except the cars and house. I am hoping to have 2 of the cars gone by next year but this topic keeps me on the fence. I am all for selling my car but my husband is not sold on the idea. He did drive the beater car for a couple of years and was sick of the 'issues' that come with a beater car. We aren't the type of people who need to have 'nice' cars but he would rather pay for them if we can, and not buy new again. Sigh....I'm more interested in getting that debt gone quicker so we continue to go back and forth on this topic.

Anyway, I am the planner and worrier of the family so this is something that throws a wrench in my budgeting plans. The fact of the matter is we could be getting our 6 month EM in place much sooner and begin saving/investing for retirement much sooner as well if the cars were gone now. I am 34 so I feel like I have to have these things firmly in place by the time I'm 35 and that just isn't going to happen until I'm closer to 36. I feel 'behind' and that is what is unsettling. He hasn't said "NO" don't sell your car but he is more concerned with us having to come up with the negative balance to pay off the loan (it is upside down) and find/buy an older car...and then deal with the older car issues that are inveitable. We would still have to get a loan to do that and while that is not ideal, we would be trading a higher car loan for a much smaller loan. I would be willing to do it - the new loan would probably be around $10-$12K (including buying a replacement car) and I could probably pay that off in a couple months.

I'm going to keep 'gently' discussing the topic -- but not nag him about it. He gets annoyed with me for worrying about our finances. He is onboard with doing the right thing with our money but he thinks I'm hyper-sensitive about the situation and impatient....which is true. I do need to relax and be patient...find more peacefulness and tranquility in my life. Stop worrying about 'stuff' and the future and whether or not we will be 'saving & investing' by the time I'm 35 LOL. These are normal things that I should be concerned about but I can't let them dominate my life and thoughts.

So I've already started making 'people edits' in my life and now I'm going to start making 'thought edits' as well. I will spend a small amount of time each day tending to our finances but I will no longer keep it on the brain and harass my husband about it regularly! :-) He loves me -- he knows it!!

And by the way -- I'm a relatively new blogger on this website and I was under the impression it was supposed to be about saving money, reducing debt, paying stuff off, etc., etc. Why are people on here talking about applying for credit cards and buying stuff using their credit cards? That is just strange to me...? Not judging -- to each his own, but it is strange given the context of this website...? agreed?

My budget smokes crack...sometimes.

June 5th, 2011 at 07:52 pm

Just went through my budget (for the 100th time) b/c as I'm busy doing something during the day, I will think of tweaking this or moving that to improve cash flow & savings, etc.

Well, today I was happily rearranging stuff and I started looking at my 'savings' tab on my spreadsheet that is linked to the budget tab. Turns out I had some of my formulas messed up and I won't be saving as much as I planned for 2011!! So frustrating and disheartening....I had planned to get some major debt paid down with the money I was saving and now that will not be possible until more like early 2012.

With that annoying find today, I started thinking about ways to make some extra money to supplement our income. My husband is already got stuff lined up to bring in some extra money this summer but now I think I will need to find something to do too.

Does anyone have any ideas -- I might be able to pull off another garage sale but I'm not holding my breath on that being ultra productive. We have construction in front of our house right now and the road is torn up -- folks have to "find" the detour to get to my drive way and I'm not sure if it would be a waste of time. Anyway -- any other thoughts from anyone out there in the blogosphere?

Garage Sale = Success!

March 19th, 2011 at 09:23 pm

Day 2 of the garage sale turned out to be very successfull! Overall made about $350 and got rid of a lot of stuff I did not need or want to keep around the house anymore....which is usually why people have garage sales LOL. What I found interesting is that I was not really wanting to spend it! My habits are changing (Angels are singing hallelua in the background)...we knew we were going to buy new wood trim to finish a project we've been working on but other than, I was not really interested is getting more 'stuff' so I'm kinda proud of myself!! MY HUSBAND...now he is a little different story. He was like, "should we get this..., do we need that...., are we going to replace that thing...." My comment back was no, no and no.

So there YOU go, nothing too exciting but I am happy to get my garage sale done, make some extra cash, get all of the trim work hung and caulked...I will paint tomorrow and hopefully put the final NAIL in this project coffin.

Other good news is that BUTLER UNIVERSITY pulled off another BIG WIN to make it to the SWEET 16! Yeahhh Bulldogs!! Amazing win, seriously...came down to the last 1.9 second. CRAZINESSS....but happy with the colossal win!

KINDA looking forward to getting back on the regular schedule with spring break coming to an end....but I will miss sleeping in a little later since I didn't have to shuffle kids to school in the morning. O-well, we're moving on...can't make progress unless you are moving on!

take care friends ;-)

Yippy Skippy!

March 18th, 2011 at 10:55 pm

We had a garage sale today and got lucky with beautiful weather! We didn't think we had much of anything anyone would be interested in -- the typical "junk" collection. Turns out people wanted about $100 of our stuff! I was pleasantly suprised and am encouraged to open it again tomorrow morning for a few hours. We even had someone ask us about our swing set which my daughter never uses anymore. It is one of those nice wooden swingsets we got at Sams a few years ago. The lady asked me if I would consider selling it and I said SURE! However I didn't know how much to charge LOL! So she is coming back tomorrow with her husband to look at it since he is the one who will be taking it down & putting it back up. I'm thinking maybe $300 but I don't know if that is too much or not...? I guess I'll find out in the morning. She was a nice lady and bought an old patio table set we've had lurking in our backyard for years now. I'm just glad to see that thing going bye-bye. If they take the swing set, that is a double YIPPY SKIPPY for me b/c I'll get the $300 extra bucks and no more weed eating around that swing set anymore! The money or effort wouldn't matter if my daughter still wanted and used the thing but she doesn't and we asked her what she thought about selling it and she said she didn't care....so I guess we will if they want to pay $300 or even $250 for it.

Anyway - happy trails pardner...this chickie is going to bed now :-)