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Posts Tagged ‘saving money’

Did I mention We Are Debt Free?

December 10th, 2010 No comments

Dave RamseyWe are, and have been since the end of September.  I’ve been slacking posting here.  And it is not completely debt free.  We still have a mortgage, and I’m waiting on about $700 worth of medical bills to arrive, but we have no other financed debt. I have to thank Dave Ramsey for this.  Even though we haven’t stuck to the plan as well as we should have, without his course we never would have known where to start.

So what have we been doing since we hit that point?  Spend, spend spend! I’m ashamed to say that we haven’t put much of the money we were putting towards debt towards saving.  I wouldn’t say we blew most of it, just didn’t sock it away.  I did manage to take my wife away for a weekend to a nice hotel, an intimate concert, dinner and shopping, and we did use some of it to open an ING checking account, which just gave us $50 for doing so.

But with the start of the new year will come the new austerity plan.  More to savings.  Save save save!  And I’ll change the debt odometer on the right to a save odometer. Right now the magic number is going to be $16,000.

Your Thrift Habits and How Do You Track Your Goals

January 25th, 2009 No comments

debt200901025Get Rich Slowly Has a post containing an old Coronet Instructional Films movie about your thrift habits and saving money.  It’s an excellent video.  I know most people watch these movies now for a good laugh, but I always enjoy them, irony free.  Ignore the cheesiness and pay attention to the content of them, and you will learn.

The part I most enjoyed were the graphs the boys made to track their progress compared to their plan.  I find that the act of writing something down by hand really helps to cement it into my mind, even if I never go back and look at it again.  My hand drawn graph isn’t nearly as nice as those in the film, but I don’t have an art department, either.

The rest of the tips in the film are great, too, about delaying gratification, buying quality, and perseverance.  I strongly suggest you go watch it, and read the post: Your Thrift Habits: Money Tips from 1948 ∞ Get Rich Slowly.

Binge Buying

January 13th, 2009 No comments

The Simple Dollar had a recent post about frugality and binge buying.  I’ve realized I’m very guilty of this, even now.  Last week Woot! had a dvd recorder really cheap, and I thought “ours is having problems, this is a good deal, and we deserve it because we are saving money.”  WRONG! Now we are just that much more behind in retiring our debt.  This same mentality is what helped hold us into debt before:  “we make good money, so buying this item (which we don’t likely need, nor will likely use more than once) won’t be a burden.”

I need to get some blinders on (and maybe quit checking Woot! every morning) if we’re going to make this work.

The Simple Dollar » Frugality and Binge Buying.