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Loosening up the purse strings

December 7th, 2008 at 06:26 pm

I might have loosened them a little less if I hadn't made a mistake in Quicken. (For awhile, I thought I had about $500 more available than I actually did!) Grand total was $615. It's a lot to spend the first month of working full-time, but I thought about each purchase and don't regret any of them. I shopped sales and used coupons. Some of the clothes were almost Goodwill-level prices.

New (to us) TV through Craigslist $200
New throws for living room chairs $20
2 prs winter pajamas $38
4 tubes Revlon lipstick $12
Sneakers, one pr black and one pr white, $62
Bra $24
Nylon knee-hi's for work $22
2 velour track suits $72
6 long sleeve tees $22.50
1 sparkly henley tee $7.50
Black stretch corduroy jeans $15
Navy polyester slacks $15
Route 66 DVD set $37
Black leather purse $34
6 cloth napkins $7
2 computer books for reference at work $10
2 battery lanterns for when power is out $17

My body is changing, due to lots of walking, and I'm now wearing a 16W on the bottom. A lot of my older pants are baggy 20W's. The vinyl purse I bought last year is crazing and not repairable. We gave our lantern to my mother when her power was out, and decided we actually needed two at our house. The napkins I really didn't need, although they may help us cut down on the use of paper napkins. It was either spend the $7 on the napkins and get free shipping, or pay for shipping and get nothing else.

I need more decent casual clothes for running errands, in order to reserve work outfits for work. If I take my mother to a doctor, lawyer or stockbroker or we go out to lunch, I don't want to look like too much of a schlub. My old jeans are not only baggy but getting faded at the knees. That's where the track suits, tees and sneakers came in.

The "new" tv is digital, so it gives us a whole new range of channels on cable that we couldn't get on the old one, for no extra monthly fee to Comcast. It's a larger screen. It's a model that we like, but it's been discontinued, so we wanted to grab it when we could find it. And the picture on the old one kept shrinking every so often.

The new throws replace old ones which have numerous holes, pulls, and stains. The extra PJs are to help stretch out how often I have to do laundry.

I know the spending has to slow down. Next year, my ceiling for discretionary spending like this is the $40 a week being direct deposited into Electric Orange checking. But for now, it feels really good to be catching up on things and ridding my life of some shabbiness. Next project--bathroom towels. Smile

Resisted temptation and added $70 to savings

May 17th, 2008 at 05:27 pm

There are two special purchases at Aldi that I've been itching to buy--a paper cutter for $20 and a metal detector for $50.

I decided today that if I could dig up the money to pay for them somehow, then I could just as well afford to move the money into savings instead. I've already spent quite a bit this spring, and our emergency account balances are low.

Still, I always find it hard to put money aside for vague reasons like "emergencies." Maybe playing mind games with myself like this is the only way to get it done.

Death in the family

February 19th, 2008 at 02:02 pm

One day we got a call that my MIL had a stroke, but not to worry because it appeared to be mild. A week later we were hundreds of miles from home, attending her viewing. I can't believe everything happened so fast. She was 90, so it shouldn't have been a surprise, but it was. She was still driving til the end, and had just cooked a big dinner the night before the stroke.

Since this is a financial blog, I'll try to write about things from that perspective.

First of all, when you're in a crisis situation like this, you can't always do things the cheapest way. We took Amtrak, which probably cost a bit more than driving would have been. But we didn't want to drive that far in wintry weather, on roads we weren't familiar with. We could have gotten a AAA discount if we could have made our reservations sooner, but we didn't know the date of the viewing and funeral til after the discount deadline. I also just found out we could have gotten a discount on one return fare with a coupon code, but I didn't have time to search for codes beforehand.

I'm glad that we still had a credit card, and I hadn't closed it out as per Dave Ramsey. It was nice to be able to charge the train fare, reserve the rooms, buy DH some clothes and pay for the local obituary FAST. I had enough to do without running around, getting extra money into the account that has the debit card and waiting for the deposit to clear. OTOH, I'm glad we had some money in the Emergency Fund so we can pay the bill off right away.

It's a good idea to always have suitable clothes on hand for a funeral (or wedding), and sufficient traveling gear. We hadn't traveled in years, and had gotten rid of some crummy old luggage without replacing it. I had to run out and buy a cheap set of suitcases at the last minute. (Nope, I didn't have the time to check where they were made!) Luckily, I'd bought DH some dress shoes on sale awhile back, even though he rarely needs them. He also still had a suit that fit. But he needed a new shirt, and a coat to wear over the suit. His old bomber jacket would have just looked embarrassing. It would have been a lot less stressful if we'd had all of this stuff on hand to begin with.

My oldest BIL is executor, and when we last saw him he was having trouble even finding my MIL's social security number. He hadn't really been involved with her paperwork over the years, and lives at a distance, so he's going to have quite a job finding and making sense of things. I'm more determined than ever to arrange things so DH can manage if something happens to me. He doesn't do computers at all, so this will mean converting back to paper in a lot of ways.

Finally, and most importantly, my MIL's eulogy reminded me to spend less time on finances and more time on enjoying life. The contrast with my own mother is marked. MIL didn't end up with a fortune, but she had a lot of travel and other fun under her belt. She enjoyed trying new things when she had the chance. My own mother has been very careful about money and everything else over the years. Rather than trying new things, she's apt to wonder "why would anyone want to do that?" She's a worrier from way back. So I've been thinking about how I'd rather hear my life summed up, at the end.