Friday, October 31, 2008
Thursday, October 30, 2008
The only reason why I have a land line is because my cell phone gets terrible service in my apartment. It works everywhere else just fine, even on the Metro, but not so good where it would be most useful...figures. I can't get rid of the cable all together because my TV won't work in February if I do that and I refuse to buy a new one until the old one dies on me. I am a part time grad student and need the Internet to write papers and things of that nature, but I would really consider getting rid of that also if I had a PDA with good Internet service. I just don't live close enough to campus to get rid of that though. I realize, that if I'm going to start making more progress on my financial goals, I have to seriously cut my spending.
I do have a few habits that don't need changing like rarely eating out unless it's a special occasion (when I do eat out I don't purchase alcohol) and packing my lunch on a regular basis. Here are a ways I have come up with to cut my spending that I have mentioned before that I plan to implement in the near future:
- Learn how to style and trim my own hair (the trimming part is a little lofty but achievable).
- Learn how to hem my own pants and skirts.
- Don't put my clothing in the dry cleaners and wash/iron them myself.
- Stop buying coffee, tea, hot drinks and make them at home or at work.
I want a new (to me) car, but won't start saving for one until I pay off my credit cards and have more in my emergency fund...so I have to remind myself of this when I want to make a purchase that isn't a necessity.Does anyone else have any other suggestions on ways to my lower spending?
Wednesday, October 29, 2008
- Cook him a meal.
- Watch football with him this weekend.
- Frame a picture of us.
Saturday, October 25, 2008
- Spending time with my loved ones (family and friends)
- Adding to my circle of friends and acquaintances
- Learning (hobbies, skills, information, random facts)
- Volunteering my time to causes I believe in
- Daydreaming...which leads to figuring out what I want in life and setting measurable goals to make them happen
Wednesday, October 22, 2008
Another site stated that: "Individuals have been snapping up tax liens more and more because of these two benefits. A fixed percentage rate, mandated by a government agency, or the title to property at a substantial discount are incredible benefits rarely seen with other real estate transactions."
They seem a bit risky, but I've learned something new today...
Is anyone else familiar with these types of investments?
Tuesday, October 21, 2008
Friday, October 17, 2008
403b Contributions - I have decided to increase my 403b contributions again to the max for me to receive the 5% match my organization offers. I didn't even notice the difference in my take home pay when I made my last increase during the summer, so I don't think this one will make much of a difference either.
Emergency Fund - I plan to add $274 by the end of the year to bring my Emergency Fund total up to $2000. It would be great to add more, but the $274 amount is the minimum. I will soon be making a short term goal amount to get me closer to my $5000 goal.
Travel - I have to pay a deposit for a trip I am taking early next year to Las Vegas. It is $100, so I will pay that with the $100 total in my travel fund and add $25 to that. I won't be adding anymore to my travel fund until next year. I still have to apply/pay for my passport renewal. That goal may have to wait until next month.
Gifts - I still have to come up with an amount that I will spend on holiday gifts...That will most likely come out of my first November pay check.
Discover Card Pay Off - Purchasing textbooks and other unexpected expenses threw my plan out of wack to put $1000 on my Discover Card balance with my extra October paycheck. I made a $500 payment earlier this month - which is still more than I normally make, but I don't think I will have the account paid off until early next year unless I get an unexpected windfall. I am keeping my fingers crossed for an end of the year bonus, but that is never guaranteed.
Tuesday, October 14, 2008
I've kind of needed a break from the somberness that has been the U.S. economy lately, but I will get back to more substantive posts soon and also reevaluate some of my PF goals.
Friday, October 10, 2008
Scott Rick, a postdoctoral student at the University of Pennsylvania's Wharton School who has done research on what makes people cheap, says that childhood plays a big role. If you have two thrifty parents, you're likely to be thrifty as well.I agree with the author that spending money does not necessarily make you happier. Especially if you are spending money on things you can't afford. I think it has to be about balance like everything else....
Likewise, people who lived through the Great Depression were often thrifty their entire lives. Since the 1930s, each successive generation has gotten to be more free-spending. The current financial crisis could change that. "Right now, there are probably a lot of children who are going to be tightwads," says Mr. Rick.
But our childhood isn't the only factor. George Loewenstein, a professor of economics and psychology at Carnegie Mellon University, says people have innate tendencies. "It's almost like people are born tightwads or cheapskates," says Dr. Loewenstein, who published a paper on
the subject with Mr. Rick and another author.
Wednesday, October 8, 2008
Do you have any inexpensive home/apartment decorating ideas you have or plan to implement?