The Finance Fiend

Getting Financial Freedom by 35!

Back in the Saddle Again August 27, 2009

Filed under: Uncategorized — Rebecca @ 7:38 am

You know how you can be doing really great financially, then life gives you a challenge.   That has happened to us.  In a few ways.

The budget is so far gone, its not even funny.  We should be on track by the end of next month though.  In July we went over budget by at least $1900.  Yes, FOUR digits.  Not even barely four digits.  Well into the four digit numbers.

We found out we were pregnant, had a surprise you pay your own tuition moment, and increased some of our expenditures (like travel to school) all in one month.  Plus we bought plane tickets for Thanksgiving weekend to visit Daniel’s family.  This was something that we knew was going to happen, and I found a great deal online ($420 for both tickets, child in lap including fees).  We also lucked out because last week they added more flights and changed flight times so we got better seats and flights.  Can we say nonstop from Orlando to Kansas City on the Saturday after Thanksgiving?  Oh yeah! Those tickets would have cost us $350 a person, one way! Sometimes amongst the financial drizzle, hope shines on. I mean, we are leaving the next morning, so my husband can go to his evening class and work a full day the Monday before we leave.  We have a super short layover in Atlanta on the way down, and we will actually be getting more time with his family this way.

Anyway, between the tuition and the plane tickets we put almost two thousand dollars on the credit card. Which is due after our first paycheck in September.  The husband is working as much overtime as he can handle while going to school full time and having a cub scout troop. We haven’t paid extra toward any debt either.  We are handling this pretty well considering.  Of course its rather scary to look at our bank account and say “hi $300. I am glad you are here, where are your 700 friends that should be here too?”  At least this financial crunch has motivated my husband to not only have a thousand dollar cushion in our bank account, but also to open a separate savings account to have a thousand dollars in. Obviously, the goal is $1000, and it might get to be much higher than that, but having $1000 easily accessed in the case of a financially down month will be a great asset.  My real goal is to get a years worth of at least mortgage payments and insurance put away.  Its a lot easier to find money to cover things like gas for the car and utilities when we have the larger monthly expenditures covered.

Now, I just need to stop nesting.  All this, plan and buy things for several months worth of meals before I get too huge and pregnant or we have the kiddo idea can get a little crazy.  I know its silly to be really concerned about things like trash bags and toilet paper, but I just hope that I will recover faster and do better adding a second child to the mix than adding the first. Part of that recovering faster = lots of super simple meals planned ahead.  That means I will cook and freeze some meals as well as having lots of meals from a can like soup or Hawaiian haystacks.  I haven’t had Hawaiian haystacks in SO long. That’s a meal we should probably try out before planning on the menu.  Especially if we end up planning it multiple times.  I also did some good though.  We are assuming we are having a boy this time around.  (it will be confirmed in 4 weeks) I have clothing (except for a super tiny coat) for a boy that will get us by until he outgrows 18 months.  Most of it came from the daughter’s wardrobe, but I have spent around $15 at yard sales buying a bit of wintery things for 0-6 months.  Besides, if we end up with a boy wearing a newborn sized white  snowsuit with embroidered flowers, I don’t care.  He will at least have blue and green underneath and neutral colored blankets.

So, I rambled.  Sorry guys.  Anyway, long story short, we are still doing ok.  I have been making do with the 6 items of maternity clothing I have (until next month at least).  I even turned some old, out of syle jeans into maternity jeans.  It worked ok, except that the jeans were rather high waisted to begin with, so I don’t think they fit under the belly as well as they should. Again, rambling!

Next month, I hope to report that we paid off the school expenses and have a balance on the credit card of about $300 for gas and groceries.  Maybe we will also cash out our reards then. I have already bought some Christmas presents (i.e. gift cards) using reward points.  The less money we have to actually spend, the better.

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