Wednesday, October 1, 2008
A Money Moment
Okay, this a bit off the subject of writing and romances, and I'll admit I'm not near anything like a financial whiz, but I wanted to take a moment to address something that is on all of our minds -- MONEY.
I'm not sure how I feel about the bailout band aid. Too socialistic? Maybe we should all just take the bitter medicine of justice and settle in for a long recovery. Anyway, I decided among the many things I do every day that I'm going to add money tracking this month.
Some of you may already do this kind of thing and actually enjoy it, but the older I get the more I seem to shun numbers. Calorie counting is a drudge, budgets are Greek to me, balancing a checkbook is a royal headache (thank God for online account access), and I can't even remember a phone number. But for the month of October, I am going to write down EVERY dollar I spend so I know where it is all going. I don't really intend to curb my spending this month, but I know having to write it down will make me think twice about buying some things. I want to use the month's findings to curb future spending, see what I can cut out, and see where I can redirect money to things that are most important to me (tithing, paying off debt, or buying organic/small farm raised food).
I know I spend more than I need to. I'm guilty of buying a new brand of shampoo when I still have half a bottle of other shampoo at home.
So I thought some of you might like to join me in this challenge -- or in a similar money challenge of your own choosing. At the very least, we could all use more money in the savings account for those rainy days -- that seem to grow ever closer on the horizon.
I meant to include that I recently read an article in Readers Digest about a couple who committed one month to absolutely no spending beyond the regular bills. They made do with the food in their pantry, stopped driving their car, and made home repairs without hiring a plumber but instead researching a solution online. They ended up saving around $2000, but the thing is that it wasn't a lifestyle they could maintain for the long run. I'm sure it taught them a few lessons about priorities, though.
Anyone have money advice to share or just want to vent on finances?
Editor Du Jour Becky