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MARGOMCP's Photo MARGOMCP Posts: 8,670
9/20/12 9:37 A

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Have you seen this site?

www.capitalstreet.biz/Minnesota-Publ
ic
-Schools-403b-Plans.1.htm



There is no pleasure worth forgoing just for an extra three years in the geriatric ward. ~John Mortimer


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JOURNEYTO60's Photo JOURNEYTO60 Posts: 378
9/16/12 8:55 A

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I also am in a home that I could not sell if I wanted to. I live in a very rural area in Minnesota. There hasn't been a home sale in this area in some time. Even if I sold, I know I could not clear enough for the mortgage. I am doing the same thing....planning a little spruce up on this house. I have lived here ten years thinking I would leave when my kids went to college. They are all off now and I am going to really have to do some inexpensive sprucing up here. I have purchased my first can of paint and have a list of things to do all winter on a very tight budget.....(again, the kids are all in college-not many things will drain a budget like that!).

I also just started to contribute to a 403(b) plan. I am a teacher and after ten years in my district am eligble for matching funds from the district. My son is an economics major and said that the best thing to do it pay down debt right now. I agree, but it really bothered me that the district has put aside $500 per year to contribute to my account and they get to keep it if I don't use it. So, I think I can afford to contribute my $42 per month and hope that any risk is coming from their portion of the contribution! This package serves as our severance package should we leave the district or retire. I am eligible for retirement in 9 years and hope this is a little nest egg for me to make the transition. It will be in addition to my state retirement package. Looking for information on this kind of investment.

Edited by: JOURNEYTO60 at: 9/16/2012 (08:56)
MARGOMCP's Photo MARGOMCP Posts: 8,670
8/20/12 10:31 A

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I'm doing the ostrich thing with exercise but it's beginning to bite me in the you-know-where. I'm doing a major clean of my house, after living here for 7 years, my cats got fleas from somewhere and I want to make sure they don't get a hold. However, I also decided to, since I was having professional cleaning done, I'm going through the house and trashing everything that hasn't been used for 6 months/has dust on it in the first place :-) So, I called the junk haulers too, for after the cleaners. I'll be that crazy lady on the news throwing black bags of trash out the upper story windows. Then I'll probably collapse for 2-3 days exhausted.

My husband always tells me what we are doing with our investments and apparently we're doing okay again, from the 2008 mess. What I hear is blah, blah, blah, it's okay to spend money :-) However, our house is not worth what we paid for it and none are selling in our neighborhood (there's one for sale, 1 bedroom larger than ours, two doors down for less than what ours is allegedly worth/what I was fantasizing selling ours for if we wanted to get out of here and it's had no interest in it at all!). I think I might be "stuck" in this house so I am going to do a long-term plan to make it more comfortable for old folks.


There is no pleasure worth forgoing just for an extra three years in the geriatric ward. ~John Mortimer


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VTRICIA's Photo VTRICIA Posts: 1,977
8/17/12 1:05 P

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I'll have a look at it. I'm pretty discouraged about the budget situation right now. I'm doing the ostrich thing with finances.

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LELERS's Photo LELERS Posts: 713
8/17/12 10:55 A

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This sounds really cool! I've been using the sparksavings.com budget and it idolizes the same kind of values, but it doesn't give you too much direction. There are tools associated with the site that can offer some more direction to your money, but overall, I find having the online tool is very beneficial for me.

Healthy body, healthy mind!


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MINIME119's Photo MINIME119 SparkPoints: (6,544)
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7/17/12 8:45 A

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i have the book and the software is fantstic. but the past 3yrs have cleaned out my savings so i'm having a bit of defeatism lately emoticon
hmmm............thinking about what you said perhaps i'll dedicate my 'buffer' to a structured account so it doesn't look as if i have such a slush fund. i do prefer a zero sum budget and have no problem sticking to that..........well sticking to it in the sense of if i over spend on food i make it up in another category. flexible within my boundaries. but the buffer really messes with me.
and i think it's time to re-read the book lol.

and enjoy your vacation! what a lovely treat to look forward to!
emoticon

minime119

Finish each day and be done with it. You have done what you could; some blunders and absurdities have crept in; forget them as soon as you can. Tomorrow is a new day; you shall begin it serenely and with too high a spirit to be encumbered with your old nonsense.

- Ralph Waldo Emerson


MARGOMCP's Photo MARGOMCP Posts: 8,670
7/16/12 9:56 A

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The book's free: www.youneedabudget.com/img/pages/Met
ho
d/ynabBook.pdf

Each dollar is supposed to be given a "job", it can't have two! emoticon I know what you mean though. My DH does the finances/investments and we do have a loose budget but mostly just record expenses. I find it really interesting though that when the 2008 mess hit my DH and I were able to cut back and feel very little pain. I cut my charge card expenses in half.

Since I'm only responsible for my charge card (and also the food budget that goes on my husband's charge card), I have a figure in my head I want to keep it under and do plan expenses so they average out (I'm going to the Caribbean in February, for example, so am saving some each month but other months, have to buy plane tickets, hotel, etc. so those months will be higher.

I'm good at not going over X amount total (for example, if I decide I have $6,000 a year to charge on my credit card, I can hit that if not the $500 average a month). If I had a buffer, I'd invest it so it was a bit harder to use? Money market account you can keep adding to?

Edited by: MARGOMCP at: 7/16/2012 (09:56)

There is no pleasure worth forgoing just for an extra three years in the geriatric ward. ~John Mortimer


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MINIME119's Photo MINIME119 SparkPoints: (6,544)
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7/14/12 2:22 P

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I think it's the best planning software that I've ever used. But I confess,I just realized that that when I look at my buffer I feel like it gives me permission to spend out of my planning, cauase I can make it up later. Sort of like failed dieting. The old story of "I'll eat this tonight and make up for it tomorrow". Me thinks me sees a pattern of bad habits and bad stories this past year!

Curious what other's experiences with it have been.

minime119

Finish each day and be done with it. You have done what you could; some blunders and absurdities have crept in; forget them as soon as you can. Tomorrow is a new day; you shall begin it serenely and with too high a spirit to be encumbered with your old nonsense.

- Ralph Waldo Emerson


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