Anyone else on a budget?? My friend Sheryl has been helping me figure out how to get out of debt, save money for my wedding and future, and still survive. She's helped me make a budget. We talked a couple weeks ago and I was telling her all about my finances and talking about the fact that I will have two paychecks this summer. Which is wonderful but I really want it to go to something not just be spent....So, essentially I need a plan. She looked over all my bills and created a budget and a time-line for paying back all my bills. I've wracked up a TON of medical bills with the accident over Thanksgiving and my toe surgery so I need to start paying them all off. One of the things I've decided is that I need to stick to this budget if I'm going to have any hope. We met this morning and talked all about the budget and what I have to do to get started. I'm not sure Special K is going to like my budget but I guess he'll get used to it...I know it's going to take me a bit.
It's never fun talking finances but I think it's one of the most important conversations to have. I guess we are just going to have to work all this out. As the plan goes with no major emergencies happening I'm going to be able to pay half my debt by the end of the year. This is exciting and I can't wait.
I think one big thing will be limiting my yarn/fiber related purchases and staying out of swaps, which I love but I think it might be important. My goal is to only purchase yarn that has a specific purpose and to use my stash as much as possible. I think that might work. I'm still young and the big plans for my future are going to need me staying in financial control. Those words "financial control" are two simple words but have a HUGE meaning.
Well..I hope this break in the knitting/life talk and discussion of money doesn't bother anyone but I just felt like getting it off my chest.
A little about what's going on with me. I've spent a couple hours working on getting some of the dust out of my house. With two big dogs, it is never ending. I also plan on working on my Dog Bone Blanket for my friends baby shower gift. I found out it's next week...not sure I'll be done by then but I need to work on it. I was kind of thinking I don't want to give it to her. A friend at my knit group made a Log Cabin blanket from Mason Dixon Knitting and I really liked it and I think one in two shades of pink would be perfect but that means I'd have to cast on TODAY and finish it in a week. I also want to finish my reversai socks, work on the 9-5 socks, and cast on the Bellatrix socks for the May Sockdown. :) Loads to do and not sure where to start. I guess I'm going to watch some Gilmore girls and finish the toes on the reversai socks while I think what to do about the baby blanket.
Well...thanks for reading and hope everyone is having a great day!!
I need to make a budget. Seriously.
ReplyDeleteBudgets are extremely important and if you don't learn soon, you will spend your life in a financial quagmire and you and Special K will fight about it. You are taking the right steps right now. BTW, we got the box Saturday and it was WONDERFUL! Thank you so much. Of course I'll have pix and a post later today or tomorrow. Thanks again!
ReplyDeleteSounds like a good plan...Good luck with the decrease in yarn purchasing :-)
ReplyDeleteI think the fact that you are budgeting is wonderful and you'll get ahead this way.
ReplyDeleteBTW,I have heard that hospitals will take a lump sum much lower than what is owed, if you can pony up some money upfront.
good luck
i also love your socks on the 5/5 post.
I work in finance as part of the group runs my company's budget. Everyone should have a budget as it helps you understand your income and expenses, and, hopefully, keep everything under control :-) Ideally you don't want to spend more than you make. If you can't increase your income, you'll have to cut back on expenses. Always save for rainy days, for the unexpected life events or loss of income.
ReplyDeleteIs there someway you can get a better health insurance? Some HMOs offer insurance that you only need to pay monthly premium and co-pay if you see a doctor, but no extra expense for procedures or hospital stay.
Feel free to ask me questions. I can talk money all day :-)
My hubby and I have a budget. We use the book "Smart Couples Finish Rich" to help us along, and have attended a seminar for this book a number of years ago. It has really helped us not only make a budget, but plan for the future. I HIGHLY recommend you and Special K read this book together. It is important to have the "how do you REALLY feel about money" conversations.
ReplyDelete