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    JULIANEASHLEY11   12,017
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Preparing for A Freeze

Sunday, September 30, 2012

The real measure of your wealth
is how much you'd be worth
if you lost all your money.

~Author Unknown

As some of my loyal readers may have noticed, I stopped Insanity. No, it was not too tough... although my knees were sore. Yet, financially, I decided that it was a silly choice to purchase right now. My life needs to be on track physically, financially, and spiritually; purchasing more than I can afford does not allow that to improve.

While this decision may seem like I am "giving up", I promise that is not the case. The last several weeks... and really couple of months... have allowed me plenty of time to reflect on my life and the choices I have been making. My relationship with my family has improved, my relationship with my best friend still exists, and my relationship with God has deepened. Nonetheless, the one common factor through everything that has caused issues in each area of my life is my financial stability. This summer I was blessed with the gift of restarting my life and never finding myself in financial debt, again. Unfortunately, though, through my over-enthusiasm in starting my business, I did not keep my overhead low. I am NO WHERE near where I was before, but I can see the trend starting. Therefore, I have decided in this moment to take control... yet again.

Sitting here thinking about my financial situation, I happened upon a website that a twitter friend posted: And Then We Saved
The site started as a blog by Anna Newell Jones on December 28, 2009 and now is a community that is devoted to Saving Fasts/Diets and all things about living a healthy, financial life!

From this moment on... I will not spend money on wants. I will make do with what I have and learn to adjust to the situation. Of course I will have a list of things that I must spend money on to survive, but I will stick to that list. Anna Newell Jones recommends doing this plan for 1 year; however, I have a trip planned to Vegas over Christmas break.... so I will do this for 3 months with a one week hiatus and then start it up again for another six months.

My needs

Rent
Tithe (10%-15%)
Electric
Water
Cell phone (The Spending Fast suggests removing internet but I may have to change my phone to do this...currently have an iPhone)
Hulu
Food (using everything in my cupboard before I go shopping and not purchasing anything on-brand)
Medicine
Gas
Doctors co-pays
Vet costs
Pet Check Technology ($29.99/month)
My Wants

Starbucks
Clothes
Acrylic Nails
Eating Out
Shoes
New business advertising
No Amazon purchases
I am also downsizing my appliances and electronics. My Keurig is *sold*, 46" Samsung TV (only one month old) is listed on Craigslist, and I am trying to sell my cds/dvds. I am so sick of living on the edge, never knowing if I'll be able to pay my bills. I NEED to stop this cycle and start anew. My business will hopefully grow and, assuming I do not spend anything, my ability to pay down my loans and start a savings account may be a reality!

My goals for Spending Diet

Pay down undergraduate loans
Create an 8-month rainy day fund
Save $5,000 for future business investments
$5,000 in savings account
Increase monthly income to $1,500
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  Member Comments About This Blog Post:

PIPPIDY 10/1/2012 8:12AM

    Wow. You and I are REALLY in the same boat. I've been living paycheck to paycheck lately & am reading up on saving money using a lot of the same techniques you are. It's hard because I've been spoiled my whole life so I'm still learning the difference between "wants" & "needs". I don't think of the insanity hiatus as a cop out at ALL. The price is really the reason I haven't been investing in a lot of those fitness programs lately too. You go, girl. You're smart, you've got a plan, & you've TOTALLY got this. emoticon Also, I'm just getting into Twitter. If you wanna find me, my handle is pippidydippidy. emoticon

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