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Eye openers

March 7th, 2007 at 05:44 am

For the past week or so, I've been pondering everything!!!! And thanks to Imasaver and I-78's blogs, I've learned a lot to help me on this journey. First, I'm going to be e-mail Imasaver about the surverys she does....$10 here and there helps quite a bit and adds up. I-78 mentioned a book, "All Your Worth"--so instead of buying it, I went to the library this weekend and grabbed it. I'm halfway through already. The book states that a healthy financial balance to life is %50 (of your income) Must-Haves, %30 wants, and 20% savings. The book gives you a few worksheets to calculate what your balance is, and sadly enough, my balance as it stands right now, is 74.5% (ouch), Wants %16, and Savings 9.5%. Obviously, I've got a lot of work to do, and a long way to go, but I have to understand that it can't be done in one day. But I've got to start somewhere. I've got a car loan (which I don't pay interest on, thankfully), that I pay $100/month, and I have a $900 balance. If I get a part-time job, that's getting paid off sooner than 9 months. Today, I'm going to shop around for cheaper car insurance (I paul 277/month for full coverage on two cars). It went up from 187 to 277--no clue why!! And then I'm going to look at a cheaper cell phone plan with the same company since I'm under contract. And of course, homeowner's insurance. So, we'll see what I can figure out.
Also, yesterday, I spent NO MONEY!!!! I put $2.00 in the jar since I didn't buy coffee. My hubby however spent $15.00 ($10 for gas, $2 for coffee, $3 for beer). Not bad for one day!

5 Responses to “Eye openers”

  1. Ima saver Says:

    I do Pinecone surveys and there is a link to that today in General Discussions. Look for the Pinecone link and sign up immediately, cause it will close quickly.
    Also send me your name and e mail address and I can get you into NFO mysurvey. My e mail address is juliedenski @ yahoo.com. (just leave the spaces out) Good luck!

  2. Aleta Says:

    I did the same as you. I picked the book up from the library. It was an eye opener. You start realizing that you need to start the cuts in the big areas not the small ones in the beginning. Don't worry I don't know how many ever have the 50% in the beginning. It is something to reach for though. I picked up alot from the book. Just finished reading Your Money or Your Life by Joe Dominguez and liked it as well. You can pick up tid bits from a lot of financial books. I always like to write down what I learned most from each book. Good luck! You're on your way.

  3. sfborges79 Says:

    Thanks Julie--I just signed up for Pinecone--just waiting for the e-mail from them now.
    And Aleta, thanks for the tip--another book for me to check out. This is kind of fun because I'm a bookworm so it gives me something to look forward to on my Sundays!!

  4. living_in_oz Says:

    I've noticed that your DH pays $3 a day for beer. Why not buy a 24 pack instead? My DH enjoys his beer too, but we always buy it by the case because it's less expensive that way.

  5. shiela Says:

    Good luck!

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