2/6/2009 UPDATE AGAIN – I just moved Bear’s paycheck into Savings and it looks like we are on track to be able to move the second one into savings as well! We were also told today that we would be receiving an incentive bonus but merit raises were frozen. I thank the Lord everyday for my job – we will get through this economic down turn just fine and dandy – but I just had to tell everyone this – now, I do reserve the right to adjust what was transferred – as this is our first month to budget and set goals.
It’s pay day today (1/30/2009) and even though I am tickled pink it only lasts for a short period. I get paid once a month! I KNOW what you are thinking – you are paid once a month and this is the first year you have ever done a budget or set goals for yourself? I KNOW, don’t kick me too hard, I’m at least starting! How can someone who can sniff a deal out a mile away and be aware of what they are saving when shopping is just now beginning to budget and goal set? Well, it all boils down to this.
I’m terrified – what if this doesn’t work – what if I fail – what if, what if, what if?
Hi, I’m Nancy and I’m a total Type A personality and a procrastinator – Whew, I said it and now I feel better – NOT! Well, just a little bit.
I have an innate fear of failure and to avoid failing I procrastinate which leads to being stressed ALL THE TIME and probably contributing to my high blood pressure.
Not many people know this about me because I look like the duck above water just gliding through the water without a care in the world – take a look under the water – my feet have not stopped yet because I’m paddling for my life! NO MORE! I’m taking control – Like my Suze Orman attitude? Well, part of the reason is because of two books I’ve read and am reading right now. Women and Money and 2009 Action Plan: Keeping your money safe and sound by Suze Orman. I really like Suze and figure if she can climb her way out then so can I! Second part, I’m scared about the economy and what the future will bring without a plan. I can’t fix the economy but I can ensure that my family is ready to face whatever comes our way because we are prepared and did not stick our heads in the ground hoping it would bypass us.
Will this be easy? No. Will it be fun? Maybe. Will Bear and I be better off tomorrow and the next day and the next day because of my decision? Yes.
I am going to try and chronicle this journey on my blog as I feel this will help to keep me accountable to myself and family.
I’m pulling my budget and 2009 goals back to the forefront to review and will be posting my budget for February on Sunday.
Stay tuned – this could get interesting!
Okay, I have now got the goals & tentative budget set for 2009. I do reserve the right to make some changes! I KNOW, I should have already had this done but I’m blaming my Type A personality on being late!
I’ve broken the goals out by category and will start at the first of the month (starting with February) to identify what goals we will be working towards for the month.
Since January is almost over I won’t get too detailed but here is what we have been working on this month.
Stockpiling our pantry (I will post later my pantry list)
Calling to get pricing for Construction Dumpster
Saving at least $100.00 to EF
JT needs to be CPO’d – Long story but it is because our little darling does not have any Appaloosa characteristics so the ApHC makes you pay a HUGE amount of money if you want to show your horse in ApHC approved shows – Well Duh, why would we not want to do that? So that is $300.00*
Diva needs to be DNA Typed and HYPP tested to get her AQHA papers – Thanks to all of the unscrupulous people that cheated we now have to pay even more to register our little Darlings! So, that is $80.00*
Fill both Kerosene containers for heaters – $50.00
*I knew these were coming up and I have been saving since 10/2008 for JT’s but just found out in December (Merry Christmas) about Diva’s additional registration costs. It seems that there have been unscrupulous people that cheated and now we have to pay even more for AQHA as well! I did get half of this saved in December when we first found out about it. I am ordering the kits on Friday. I will Pay JT’s at the end of the month.
Remainder of our goals are as follows:
House – Outside
Trim Tree – Friend will be giving me a card to a trimmer for estimate
Clean out Garage that collapsed due to Earthquake that insurance (thank you) will not pay for because we apparently do not have the rider for Earthquakes – I wasn’t aware that we were on a fault line – I’m waiting to purchase in hopes of the cost not being so much!(wishful thinking).
Construction Dumpster for Garage and Back Bedroom construction – May have to do this twice.
Fix Cornice on front of house – Scrape and Paint.
Clean Yard of debris
Scrape and paint exterior
Fix the two elusive leaks on the roof (I tell you if water wants in water will get in!)
House – Inside
Clean & Gut back bedroom
Fix ceiling in back bedroom and mud room (where it has leaked – after fixing the leak)
Clean and re-paint Basement
Upstairs Toilet – replace Low priority – works but is an antique and they don’t make inserts for them like it needs.
8 5/way shots
8 West nile shots
2 bottles of Banamine
2 Bottles of Bute
5 – 6 way for dogs
5 – Rabies
Have $2000.00 at least saved towards EF
Fuel saved for Vehicles for 6 months – $400.00
Heating Fuel for 6 months – $250.00
3 Month Pantry stockpile – staples
3 Month Freezer Stockpile – Veggies and Meat
6 Months of Board, feed, and hay funds saved
Brakes On Truck
Tuneup for Both Vehicles
4 new tires for Mustang
4 Tires for back of truck (Dually – she got new ones in May on the front)
Utilities – $300.00
Fuel for Vehicles – $120.00/Month (I’m not adjusting from when it was $3.00+ a gallon)
Car Ins – $115.00 (We have a BIG TRUCK that costs more – I won’t give her up!)
MTG – $750.00
Board – $540.00
Hay/Feed/Shavings/Meds – $400.00 – I’m looking at this to see if it is truly this much – I guessed! This is for both Horses/Dogs
Life Ins – $71.00
CC – $50.00
Food/Toiletries/clothes/shoes – $50/week
Cell Phone – $100.00 (I’m looking at alternatives – this includes my wireless internet)
NetFlix – $18.00 – We love our movies and this saves us a ton of money!
Association Fees – $10.00 – this is for ApHC, AQHA, NBHA memberships
Balance – Savings – should be more than $100.00 but I reserve the right to make changes to this as we move forward.
Bear and I do not have cable/satellite and we really do not miss it – we do go to the Bookstore to hang out – never really purchase anything unless I have a GC or coupon making something very cheap. We do purchase a Vente Iced Green Tea Sweetened – They are soo good and I will for go a soda through the week for one!
Remember – this is the FIRST time we have ever done this a Budget and set Goals for ourselves. I like it – I’m using as a reference – Michelle over at Leaving Excess and Carrie at Money Saving Methods for inspiration. It wasn’t as hard as I procrastinated the process to be – believe me I can procrastinate – and I rather liked putting this to paper and actually “seeing” where things were going!
What I’m going to do NOW is start whittling away at these figures to see how far I can get them down!
What do you think?