Well, it’s nice to hear that 1) I’m not alone in being a budgeting disaster and 2) others have overcome the same issue and become money mavens. That gives me hope! And… I’m happy to report that the Husband and I aren’t starting from scratch.
We learned a lot over the years, and a while back, we actually paid off our credit cards in full. Yay! I am so glad we have zero credit card debt. Paying off that debt felt so good, and I will never willingly go back. I actually FROZE my credit cards in a block of ice to prevent myself from using them. If you have credit card debt, do what we did and call the companies to negotiate a lower rate and/or transfer your balances onto the card with the lowest rate if necessary. A great book for explaining credit card debt and credit scores is The Money Book for the Young, Fabulous, and Broke.
We also made the (very wise) decision to become a one-car family last month, sold my car, and put more than $6,000 towards our car loan for our second car. We save so much now insurance, gas, and repairs.
Here are some other great resources that people recommended in my comments section last night:
- Dave Ramsey
- Champagne Taste on a Beer Budget
- Mint <—Tried it but I didn’t like it. A lot of people do, though!
- Get Rich Slowly
- The Simple Dollar <—I love this blog.
- Punch Debt in the Face
- NERD Kerf
- I Will Teach You to be Rich
- Budget Simple
- Suze Orman
- Smart Cookies
- Michael Schurko
- Gail Vaz Oxlade
What I’ve realized is that we have to create new habits NOW or our overspending issues will only get worse. I will admit that I use shopping as a way to satisfy myself emotionally. When I am lonely, I shop. When I am bored, I shop. Also, I like pretty things and feel like I “deserve” to shop because I make money. The problem is that I’m already spending outside of our day-to-day means, and if this continues as we earn more money, we will simply eat up our savings with our bad habits by spending even MORE. I’m tired of looking at my bank account and wondering where all my freaking money went.
I’ve tried to change my financial habits many times before. We’ve succeeded in many ways, but we have a long way to go. I’m hoping our new budget, which I’m going to approach in a new manner (see last night’s post), will be just the thing we need.
Also, apparently you guys like it when I admit I am human, not a blogging autobot, and struggle with things like overspending. 😉
So I will be sure to update you on our situation!
In other news…
Went for a glorious 5.0 mile run this morning in 48:15. I’m really proud of my pace for moderate runs lately!
Post-run breakfast (Kashi Go Lean, Peach Greek Yogurt, Chia Seeds, and a Banana):
Things to do!