Showing posts with label Almost Frugal. Show all posts
Showing posts with label Almost Frugal. Show all posts

Monday, April 4, 2011

Looking Forward - A Shopping Preflection

I was thinking about the upcoming month in terms of spending on my bus ride into work this morning. I know a lot of people set monthly spending goals ($1000 a month for everything above rent or something similar), but it's not something I really want to get into yet. I feel like my months are still quite variable in terms of spending, and I don't want to put off doing something because of an arbitrary figure I've chosen for myself. It's awesome if it works for everyone that's doing it, I just don't think I'm ready to hop on the bandwagon yet.

Especially not this month :s

Anyway, I was thinking about the spending because I realized that this was going to be a kind of expensive month for me. I need to get 3 things: A weedwacker, a bra, and moisturizer. It doesn't really sound expensive at first, but if I can't find cheaper alternatives it's going to set me back about $500 (minimum) for those 3 items.

The moisturizer is kind of a non-negotiable item for me. Some of you might remember back in December when I was struggling with the price of the stuff. Well, fast forward a few months and I can honestly say I'm not going back. My skin doesn't hurt when I wash my face anymore, and I don't have to avoid touching it for fear of rupturing something. The cyst I spent over a year trying to get rid of finally disappeared, and the scarring is slowly healing. The jar is almost empty, and I'm going to have to switch to the lotion as the cream is getting to be a bit too heavy as it gets warmer out. It's cheaper per ounce, but comes in a larger container. This is going to set me back at least $240. I'm going to try to time it to line up with a gift with purchase or something, because the stuff doesn't go on sale.

The bra is a bit of a contentious issue for me. You could say that I developed early as a kid. I started wearing a bra in grade 6 or 7, and by the grade 8 I was easily a C cup. That would have been fine and dandy if they had stopped growing then (and why not? That's when I stopped getting taller), but they didn't.

Above is a bra sizing chart. The areas outlined in green are approximately your standard bra sizes. That little red splotch over to the left? That's me. I don't even make it on to the chart. I spent much of my teenage and early adult bra shopping years crying in change rooms because nothing fit, and anything that came close looked like something your grandmother would wear. My mom has the same problem. A few years ago after I moved to Edmonton to go to University I found a bra shop that carried my size.

HALLELUJAH!

The shop specializes in bras and specialty sizes. They order their stock in from Europe, where you can actually get a wider range of sizes. Not only that, for the first time in my life I could get a pretty bra. I think I cried tears of joy in her fitting room. Unfortunately, they do come at a price, and the last time I bought bras there they were about $160 a piece. The exchange rate has gotten better, so they may have come down in price a little, but I'm not holding my breath on that one. Two of my current bras have underwires that are about to give out (trust me, they hurt when they're stabbing me), so I know this expense will be hitting me soon.

Last but not least is a weedwacker. This is the one where I should be able to get the most pricing wiggle room from. I've only checked 1 store so far, but they're sitting at around $150-$200 for a gas powered one. I'd like to find an electric one, but I'm not 100% set on that. I tried to get by without one last year after I bought my place, and I can tell you it's not going to happen this year. I bought my house during the winter, and come spring I realized I had bought "That house". You know, the one overflowing with weeds in the neighbourhood of pristine lawns. I spent a lot of time last year fighting the weeds, and I'll be doing it again this year. I need to keep the upper hand on them as they can get away from you REALLY quickly, and the city will fine you if you don't keep them under control. My lawnmower doesn't reach everything, so this year I need to get one. I'm going to check out Kijiji and Ebay as well for a used one. The snow is melting here quickly, so I need to get on it soon.

I'm glad payday is Thursday.

Wednesday, March 2, 2011

Tracking Coinage

Okay, a little legend for the calendars below:

Green = No Spend Day
Yellow = Spend Day
Red = Used Credit Card

Here's how it went for the month of February:

February - All Spending
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
$75.00$1.25$0.00$1.25$24.00
$0.00$2.09$0.00$2.85$3.16$117.15$13.13
$0.00$27.37$199.59$2.85$15.24$1.60$0.00
$0.00$3.57$4.20$0.00$1.60$31.66$1.25
$0.00$1.25

*fritter fritter*

*fritter*

*fritter fritter fritter*

You hear that? That's the sound of me frittering away money on a near daily basis buying tea and breakfast items at the university. It occurred to me about half way through the month that I was doing this, so I decided to see what my spending would look like if I took the morning treats out of there. This was the result:

February - Spending, Without Morning Snacks
SundayMondayTuesdayWednesdayThursdayFridaySaturday
$75.00$0.00$0.00$0.00$24.00
$0.00$0.00$0.00$0.00$0.00$115.00$13.13
$0.00$25.27$195.39$0.00$12.90$0.00$0.00
$0.00$3.57$0.00$0.00$0.00$31.66$1.25
$0.00$0.00

Considerably more no spend days!

However, when I totalled it up, my morning breakfasts out added up to about $30.79 over the course of the month. That's just over a dollar a day. I expected it to be much higher than that once I realized how often I was doing it.

Now I'm trying to decide whether this is something I want to stem for the sake of saving a little extra money, or just let slide for the sake of sanity? I know that the *right* answer is to bring my tea and scones from home and put the savings towards my emergency fund; but right now I am feeling a bit of frugal fatigue.

It sucks. Hard.

The savings grace of having this habit at the university is where I can go to get my snack attack breakfast fix. If I was getting a venti chai latte and scone at Starbucks, it would set me back about $8. Grabbing an extra large chai tea and scone at Cram Dunk? Closer to $2.50, $2 if they have day old baking. The tea itself is $1.25.

I have a month and a half until class is done. To be completely honest, I'm probably going to let myself fritter on this in the morning.

Frugal? No.

Sane? Yes.

I'm already crazy enough as it is, I don't need money driving me further down the rabbit hole.

Thursday, December 16, 2010

What If You Weren't Allowed to Pay Down Your Debts?

I was cruising the frugal and money blog circuit when I came across a post by Kelly over at Almost Frugal about saving money when theres nothing left in the budget to save.

http://almostfrugal.com/2009/01/14/saving-money/

What struck me about the post wasn't the solution, but her comment that in France it's incredibly hard to make extra debt payments. I froze when I read that, not because I think it will become my reality, but at the thought of it. I've always paid off debts very aggressively; what if my credit card was like a mortgage? What if I was restricted in my ability to make extra payments? I could have been chipping away at my student debt 20 years, rather than the year and 2 months I actually spent paying it off. What if my credit card forced me to make minimum payments only? I remember opening my credit card statement a little while back and reading their calculation of how long it would take to pay off the balance making only minimum payments:

Almost 30 YEARS.

That's a mortgage in itself. By the time it was paid off I'd have paid for the balance several times in interest alone. That's a scary concept, and unfortunately it's one that people live with all too frequently. I've been to France a couple times, and I love the French lifestyle, but I would not be okay with paying off my debt like the French. At. All.

So why would someone restrict your ability to pay them back? Wouldn't they want their money back as soon as possible? The answer is quite simple really, I've already alluded to it above: they make more money by lending it to you than they do by keeping it in their own pocket. How much interest do you make on your savings account? 1%? How much are you paying on your debt? 20%? You and I quite frankly, are high interest savings accounts to the lenders of the world. How does it feel? I know if I was a lender I'd want to lock that rate in and get as much for my money as I could.

I'm unfortunately painfully aware of how much my debt is costing me in interest every month, and I don't want this albatross hanging around my neck for the rest of my life. I'm going to pay this sucker off as fast as I can. Kelly, I wish you the best of luck, and I hope you can convince them to let you pay a little extra when you can.

And the next time I go to France, I'm paying cash.


The Wealthy Barber: The Common Sense Guide to Successful Financial Planning
Debt Free For Life: The Finish Rich Plan for Financial Freedom
Debt-Free Forever: Take Control of Your Money and Your Life