Saturday, August 8, 2015

calling myself out

Heeeey everyone!! Well, I think this has been a dangerous last week or two if you are money and food. Pretty sure I have killed my restaurant budget for the month lol

Anyways, I just wanted to give an update about some stuff. As you know I have been trying to decide if I wanted to move back with my parents or keep my apartment. It would save me a lot of money but I decided that I would rather have my own place. I know, I know, this is not super frugal and with the challenges I have been facing finding another apartment I am paying way more than I should be. Either way, the decision is made so the next 8 months I am staying here. Hopefully, in 8 months the apartment market will get better and I will be able to find something at half the cost.

Next up on the list is all the subscription things I had to cancel. I cancelled my gym and dollar shave club which will save me at least $120/month. Add that to my savings! Also on the list is cable/internet which I am still working on. Potential savings there should be at least $40-50 and that also would go into savings.

Now to the title of this post...calling myself out. I have done some up and down things since starting this blog and the original goal was to help me save money to run away from the corporate grind. The thing is, I want freedom to do whatever I want. I feel like I am trapped in a new cycle of traveling to some places I want to see and other places I don't really want to go to! Ever since I have started this blog I feel like my money decisions have been exactly the opposite of what they should be. I stayed in an overpriced apartment, spent entirely to much on travel, eat out every day while home - sometimes multiple times, don't bring my lunch to work, buy coffees way to often, etc., etc.. This is all completely against the whole point of what I am trying to do here. The point is to save money and adhere to my budget which I am not doing. I am sorry to myself for that because it just impedes future happiness of being able to runaway.

So there you have it!

Tuesday, August 4, 2015

weekly spend round up

This last week was a lot better than the week before but these flights for my vacation are still killing me. I think the next go round I will have to simplify my travel plans and not go so excessive! Anyways, onto the spend:

So, the breakdown is as follows: 
Auto & Transport - $64
Travel - $374
Health & Fitness - $120
Food & Dining - $62
Total - $620

OK, so this is actually pretty bad in my opinion. This is mainly because my goal was to not spend anymore this week. I am OK with my gas and eating out although I think I am leaving out 2 or 3 Whataburger trips :/ 

Also, I am going to cancel my gym membership today because I am not home enough to use it. Hopefully that will be gone soon. I am also canceling my cable and possibly internet service since I know I definitely don't need cable anymore. The reason I am wishy washy is because I can't decide if I want to move in with my parents or not. On one hand I would save a ton of money, on the other, I am living at home again which doesn't thrill me to death. I will decide by Friday for sure I hope.

Next up are the travel one of these is for another flight pertaining to my vacation next month. The other is a charge from the hotel I was at for work and has some costs of souvenirs and drinks for a couple nights. The thing I do not understand is it looks like they charged me twice which pisses me off and now I have to sort that out with the credit card company today, UGH!

Overall, the last 7 days was piss poor from a financial perspective in my mind and I need to improve. Also, I am not sure how good my cash idea is going to work out because my keeping of receipts is very, very bad! We shall see though. I do like the idea of doing weekly reviews although it sort of stresses me out. This week should be interesting considering I have rent, closing costs on a house, and a huge credit card payment to cover! 

Until then, Do you have a lot of bad budget weeks? Do you budget? Are you as bad with money as I am?

Sunday, August 2, 2015

my five money management mistakes

Hey everyone, today we are going to be talking about what I think are the top 5 money management mistakes. The basis of this post comes from the constant evaluation that I have been doing of my spending in efforts to try and clean up my habits. I hope that you can pull something from this and in turn clean up or add to you already financial saviness.

1. Spending outside your range
This one is pretty simple but is something that I have been guilty of since I graduated college. Other people may call this keeping up with the Joneses. When I graduated I wanted to have everything cool that my friends had but unfortunately I didn't make as much money as they did. Obviously this dug me a pretty big hole that was very difficult to get of later in life. The big lesson here: Spend at least 10% less than what you earn.

2. Every new bonus or income stream doesn't equal "spend me funds"
This is something I have seen far to often while working in a tax office doing person income tax returns. Some folks would come in and get their refund and immediately be going to get their nails or hair done, buy new golf clubs, and one person even went to put some money down on a new car!!! I am guilty of this in that for a while I have been spending every dollar I earn rather than saving or using my side hustle rental properties to grow that business. Big lesson here: Save the windfalls, you will be thankful later on.

3. Buy and return - "buyers remorse"
I am so very bad at this and have done it so much in the past that I have a friend who gives me a hard time about it. He gives me a hard time because he thinks its so silly that I will buy things and then return them which he is so right, it is silly. While this isn't a super terrible thing to do, its not great either. It often causes me to spend money on shipping for items I never ever use, need, or wanted to begin with. Another term for this type of purchase is "impulse purchasing". The lesson here: Curb impulse spending - for me that means using cash.

4. Subscription Spending
This is such a huge downfall for me and maybe others so that's why I am going to put it here. I have found that it is super easy to sign up for subscription type stuff. This ranges from magazines, cable, razors, gym memberships, and even clothes. There are tons of other things people do on subscription. I mean you could include Netflix in here to. I am not saying subscriptions are bad but if you are like me it is good to reevaluate every now and again to make sure you are actually using them! This is probably going to save me a couple a hundred bucks a month now! Lesson: Monitor and stay updated on your subscription spending.

5. Ignoring the budget or your money plan
I am going to go out on a whim and say that we all probably have good intentions when it comes to money, I know I do. Every time I get started wanting to save and take care of my financial situation I honestly believe I can do it and that my budget makes sense. Unfortunately I have failed in this realm many times and a lot of the times its because I make unrealistic goals or decisions with how I will handle my funds. My big lesson: Make a budget that is sustainable to create happiness and SAVE!

There you have it, my 5 money management mistakes and SOLUTIONS! I hope that these can help you out as I know they are giving me something to look at as I go down this path.

What are some of your money mistakes? Have you corrected them or are you working to correct them? How?