Budget updates

First attempt at the new budget planning…  

After doing a lot of research, I decided that planning out my finances on a monthly basis was the best way to go. I went with mid-month to mid-month because I would prefer my major expense (rent) to be the last thing out before the new cycle starts.  

I went with the cash envelope system where each envelope has its own dedicated budget and planned out exactly how much goes in from each check. Some groups, like groceries, got their lump sum right up front.  

I also decided the best way to keep track of money is to see exactly where it’s going so I started writing down every expense and keeping all the receipts. A pain, yes, but it keeps me accountable for what I’m spending. In most cases, the expenses came from an envelope with its own budget, but there were some one-offs here and there. I noticed these one-offs were less likely to happen now that I had to write them down somewhere. Accountability was key for me.  

I started carrying my budget notebook around everywhere to keep track of receipts and spending. I also use it to hold coupons and make my grocery lists along with tracking my monthly budget.  

Once I started keeping track of everything, it actually became kinda fun to see how well I could do with sticking to my budget. I thought it would be harder, honestly, but it wasn’t. I thought I get tired of doing this, but I didn’t. The more I did it, the easier it became because it was a habit to write down everything.  

I’m excited to see where this leads me. 

Aha!

I was browsing through internet memes as I often do when I need a laugh and stumbled across an excerpt from a book. It listed all the things we as women need to stop so we can take control of our lives… basically excuses and procrastination.

I realized that’s all I had in my arsenal: excuses and procrastination. So I started I thinking about all the things I’ve thought of doing but haven’t done anything about. And there were a lot! This led to more questions, really hard questions, about my life and what I’m doing with it.

Am I happy? Not really.
Do I like what I’ve become? Again, not really.
What am I putting off for no real reason? A lot!
What behaviors am I accepting from others that I shouldn’t? Too many to list.

Yes, definitely an aha moment here. It was hard to examine myself in this way but it was necessary. It was time to make some changes.

I realized I hadn’t been taking very good care of my health.
>Step 1: Stop the excuses and get my ass to the gym!

I realized social media was making too much noise in my life.
>Step 2: Kill Facebook for a while. Anyone who really needs to get in touch with me knows how to find me in other ways.

I realized I have no real friends (only acquaintances) or hobbies to fill free time.
>Step 3: Get a friend, a hobby, a something! To be honest, a hobby would be easier only because I’m an introvert and prefer to be on my own. So, I decided to look into the things offered by the community center. Gotta start somewhere. I may meet people or I may not but either way it would get me out of my house and comfort zone.

What about my job? This had been playing around the edges of my mind already, mostly because of expected org changes I was not excited about. I decided my job was ok for now but probably wouldn’t be a permanent thing.

As explained in a previous post, I’ve already taken steps to get my finances under control. I figure this is just one more piece of the puzzle that will eventually lead me to where I want to be instead of sitting around thinking about it.

I realized that I was letting people treat me in ways I shouldn’t. I deserve better.
>Step 4: No more apologizing or trying to keep peace or make other people feel better. Get with the program and treat me right or get lost. Sure, it’ll hurt to lose people, but it’s happened before and I’ve survived. I’ll survive again.

Cheesy but true: I will survive.

The mountain is mine

Oh boy. Debt debt debt… I know I’m not alone. Many people have their own mountains to defeat. Mine happens to be debt… in an amount that shall not be named. Let’s just say it’s enormous. Yes, I’m including my school loans in this because it’s the only way it works. Credit cards and grad school loans. Nuff said.

When I stopped working, I hung on as long as I could but I eventually could not pay on my credit cards anymore. It’s been a year and a half – my credit is once again in the toilet but it is what it is. I can only take steps now to undo the damage that is already done.

Step 1: Budget!
I’ve spent the last couple weeks working on a budget. I’ve done some reading about the experiences of others; I’ve looked for tips; I’ve found budgeting templates… I’ve done my homework. I came up with a workable budget that will work if I can only stick to it! My downfall? Starbucks! (coffee fraps are my weakness) Unfortunately, it is almost completely out of my budget. One of the tips I read said to account for everything, including fun money. My fun money will cover my occasional SB indulgence. It won’t be the same, but I can certainly do without the sugar, so bonus there. If you completely restrict yourself, you will totally fail. Budgets are very much like diets. Keep some indulgences in there and you have a better chance of succeeding.

Step 2: Cut the dead weight
TOO MUCH STUFF. I am drowning in stuff. Mostly kiddo’s stuff but it’s still too much. Downsizing eliminates the dead weight and makes it obvious what you can do without. Going through my, for lack of a better word, transformation (definitely need a better word lol), I found out I was using stuff to fill space so I didn’t have to focus on fixing what was emotionally wrong with me. Once I came to terms with what I was avoiding, I realized I didn’t want all this stuff around anymore. I wanted simplicity and a decluttered home. Now… easier said than done with a kiddo in the mix. He is NOT a fan of decluttering (but has gotten better lol) and wants to keep holding on to things. I’ve slowly started taking things out that he hasn’t played with in a long time and so far, he has not noticed. Fingers crossed this continues.

Step 3: Do I really need that?
As many others have said…. when I am very conscientious of my budget and what I’m buying, I tend to not really buy as much. Every purchase becomes a question of how much I need it and can I live without it. I think this will be more of a challenge for kiddo but in the long run, I know it will help teach him life-long money skills. Anything you can do without is not something you should spend money on. Keep focusing on the long-term goal: defeating the mountain!

Step 4: Convenience vs Saving Money
I think a huge trend right now is DIY everything. Beauty products, cleaning products…. you name it, someone’s tried to make it from scratch instead of paying for convenience. In the long run, you need to decide what convenience means to you and what products you absolutely don’t care to make yourself. I am focusing on cleaning products and some beauty stuff as my DIY’ers. Sorry, not sorry – toothpaste and deodorant will never be homemade in my house unless I am living in a tent and have no other option.

Step 5: Is there a cheaper option for this?
One of the first things I had to give up when I stopped working was my expensive mineral makeup. I simply could not afford it. It was more important to pay the electric bill than buy some fancy bronzer. I went out and found cheaper options (MUCH CHEAPER) that still accomplished the same thing without the heavy price tag. We all have these vices – things we’ve been treating ourselves to without realizing it that we can replace with less expensive options. it sucks in the beginning but the end result is worth it.

Step 6: Shop Around
I am now in the habit every week of going to multiple grocery stores to get the best deals. I still work part time at the grocery store so I get a discount on store brand items (yay!). It’s a pain in the ass but necessary to go to multiple places. Why pay more when you can go around the corner and save a buck? Those bucks add up! Use coupons; pay attention to things that are discontinued (big savings to be found when you combine coupons with discontinued markdowns – can you say 5 cans of  biscuits for $.50?!); and plan your trips ahead of time. Spend that hour or so planning your grocery trips. It’s completely worth it. I also recommend using Ibotta & Checkout51. Get money back on your purchases! It might take a while to build up your account but think of it as a savings account. It’s slowly building and before you know it, you have a good amount in there that you can spend! Finally – only buy what you really need. Some people go for the freezer meal stuff – I simply don’t have the room for that. I am also totally comfortable eating the same thing every night. I do not require a lot of food variety – it’s just food. Thankfully, kiddo is very much the same. We are creatures of habit so meal planning isn’t really a requirement.

Step 7: Pinterest is your friend!
Pin pin pin!!! I found sooo many useful tips and tricks on Pinterest. DIY recipes; cheap ideas for holidays; amazing recipes.. go look for it and pin it! I have tried several things so far that I’m hoping I can incorporate into my money-saving strategies permanently.

I am starting things rolling this week so we’ll see how it goes and I’ll keep posting updates on my progress. Stay tuned!

A year and change later…

WOW what happens in a year.

I read something online recently that said “For a star to be born, there is one thing that must first happen: a gaseous nebula must collapse. So collapse. Crumble. This is not your destruction. This is your birth.” I relate so much to this. I feel like what I went through really was a full out collapse. It was so painful yet oddly cathartic. I came to terms with so many things that I had been avoiding or hiding from. I forgave myself for the stupid decisions I’ve made and finally found my inner peace. I still cry sometimes, but not like I used to. An overwhelming calm has settled on me and I embrace the path I am on. I lost people I thought were friends but gained so many new ones. I am not the person I will be, but I’m also not the person I used to be.

Updates….
Not long after my last post on the old blog, I was hired at a local grocery store. Can I tell you about the job shaming that went with that?? “But you have a masters degree!” Yeah… and it obviously didn’t do a damn thing for me. Why do people find it necessary to shame others for the job they do? This was another reason I lost “friends” along this journey.

Last September, I was hired as a temp employee doing admin work; the company was awesome and so were the people. I felt like I belonged there and it was wonderful to be able to pay my own rent again.

Apparently, they liked me too because in March I was hired permanent doing a completely different job I have NEVER done in my life. Still not really using my degree but I am (sort of) part of supply chain management now which was discussed a lot in my classes. So there’s that.

Another bit of good news… back in February I started dating someone I met working at the grocery store! Everything truly does happen for a reason. It’s so cliche but true. I was hired there to meet someone special and great people I am happy to call friends. I was hired temp at my office job so I could be brought on permanent to kick ass at a job I’m a complete newbie at. And so far so good.

I now find myself looking at the mountain of debt left behind from my not-so-brilliant-but-necessary career choice when I quit my last job without having a new one in place. I am not making nearly as much money as I was but what I am making is workable. I am finally ready to tackle this mountain and defeat it.

Action planning… begin!