Pump the Brakes

Alright, Happy People! Who wants to join me in a challenge?

A self-inflicted one, you might call it!

Last week, I paid the deposit on the food for our wedding, priced other knick-knacks such as reserved signs for the table, and bought my sister her shoes for the wedding – I am going to customize them. Pray for her! Yesterday, I found myself browsing the internets for water filters and a Victorian style retro handset for my phone.

But worst of all? I nearly clicked “Purchase” on 5 tickets to the show A Night with Julie Andrews. In May. In LONDON! My family doesn’t even have any plans to go to London EVER! Mom, if you are reading this, this WOULD be a dream come true…

So, as the title states, it’s time for me to PUMP. THE. BRAKES.

I am challenging myself to a spending freeze. My God I was going to purchase something that would entail also purchasing expensive round-trip tickets overseas and accommodations for 5 people (4 of which wouldn’t even want to go to the show)! I am not looking at this as a deprivation of any sort, but instead a healthy addition to my life. Every once in awhile, I need to go on a spending freeze. It has become way too convenient to buy ANYTHING with the click of a button, and getting out of that mindset would really help me save even more than I already do. I don’t have a spending problem by any means, but some things I just don’t hesitate on. And some things I think about for so long and then I think That only costs XX many hours of work. I can do that. But, the reality is, with this wedding coming up – and the life I expect and deserve to live that will ensue – I need to break myself of ANY habit of impulse spending. I don’t NEED more things. As much as I could financially make a trip to London work, it would be so tight that I would probably have to skimp on the necessities (I am crazy enough to do that for Julie Andrews), but I don’t think ANYONE would appreciate my going showerless, not washing my clothes, and walking to work every day. PEEYEW!

But, enough of what I WOULD do to buy something. Here is what I WILL do to save…

This first spending freeze I am challenging myself with, will run yesterday through Friday, January 31st. This amounts to two WHOLE weeks! This doesn’t mean I shop around and bookmark items to buy on February 1st. It means that, besides the necessities, I will not be buying anything. If it can go on my wedding registry, great! But if not, I need to let it go.

I know I can do it! Won’t you join me, Happy People?

🙂

❤ The RoaminTwin

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 I ALMOST DID IT!

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The Most Daunting “F” Word: FINANCES

Exactly one week ago, I told you about 2014 being MY Year of the “F” Word. A day later, I dove into “F” Word #1, and the meaning of it’s placement in my life in 2014. Next, I explained why I included The BIGGEST “F” Word of them ALL: FAMILY (because they are kind of a big deal). What next?

Disclaimer: As mentioned in my first post on the subject, my “F” Words are not listed in terms of relevance to me, and neither will they be explained in any particular order.

#3: Finances. Not something I ever thought I would have a hard time with. Ever.

I have been listening to the Dave Ramsey show in the car with my mom for years. I saved up as much money as I could prior to college so that I would have some spending money. I lived at my parents’ house following college for nearly 3 years to save enough money to move out while also being ahead. I should have thought more about the “saving money” part while there, because I didn’t come out with as much in savings as I anticipated.

Especially with a wedding coming up.

So, as you may have read in a number of my posts, I recently moved out of my parents’ home. And I have this wedding on the horizon. Timmykins and I are paying for it (for the most part) on our own. My parents have generously offered to help out, but I want to take care of it as much as possible. With his bonus being a little less than anticipated, and my not putting myself on a spending fast (as of yet), we aren’t quite where we want to be for the wedding…2 1/2 months out.

AND at this point, I won’t have that cushy nest egg when we are finished paying for this big ole shebang that I have right now, as my savings account became my wedding account.

Should I have stayed living with my family until the wedding? Probably. But I really wanted to live on my own for the first time in my life (if even just for a few fleeting months), I am getting a pretty good deal where I am staying because it is a good friend renting it to me, and now, Timmykins and I have a guaranteed place to live for after the wedding (at least until my friend moves home and wants his digs back, which is up in the air for now 🙂 ). Should I have gone on a spending fast way before now? Yes. But: CHRISTMAS.

I had a bit of a meltdown at marriage prep weekend this past weekend – not the place to have a meltdown – and hyperventilated going over how little I will be able to contribute to the wedding in my coming paychecks. So, I made a plan to put a specific amount of money directly into the wedding savings account every time I get paid, and to only pull money from that account for the wedding. When Timmykins and I mapped it out, we are going to be able to save just about the amount we need come wedding time. PHEW!

But then, what about AFTER the wedding?

This is my 2014 financial plan: Build & Maintain. Only, after March 21st, I must focus on two of us.

After the wedding, I will continue on a little spending fast (no impulse buying, eating healthy and not buying a bunch of snacks or fast food, keeping the bills down as much as possible) in order to:

A. Build the emergency nest egg back up 
B. Continue to pay off my student loans. I am officially announcing that I will have these paid off by December 2014 (I THINK I can, I KNOW I can).
C. Save up enough money to take a family trip abroad this summer (if my parents see fit) as well as honeymoon in the fall. Comfortably.
D. Keep Timmykins on track to save more than he spends
E. If we see fit, combine our checking accounts into one. Ahhh, married life 🙂

So, now that I have laid that out in front of me for the first time (thank you, readers, for the motivation!), I can more carefully plan, and DO! This “F” Word could constantly have me going “OH F***!!”, but with a little budgeting based on what I KNOW lies ahead, as well as all of the unknowns, I can keep my head on straight.

And so can you!

What are YOUR 2014 Financial Plans?

❤ The RoaminTwin

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