Note: the December of my edition of my newsletter goes out tomorrow (Wednesday) morning! Subscribe here if you haven’t already.
Budgeting isn’t as stuffy as an activity as I used to think it was. I can spend far too much time tinkering my budget in the You Need a Budget (YNAB) app. Somewhere along the way, learning how to track my net worth and charting its growth has become a fascinating activity.
Someone please explain to me how health insurance works, particularly the concept of deductibles. Also, if the same principles don’t apply to dental and/or vision insurance, please explain those to me as well. Oh, and rental insurance, too.
Having tangible savings goals is much easier to work towards than the arbitrary “rainy day.” Renaming my emergency savings account as “fuck off fund” was a great motivator in reaching that particular savings goal.
I cannot be let loose in the cheese and charcuterie section of the grocery store. Last time I perused that section, I came home with three gourmet cheeses and two salamis. No couple should be eating that much cheese and sausage in less than a week. Nor should they be spending nearly $40 on what is basically an extravagance and not a necessity.
Booking travel on credit card points always makes me feel like a travel wiz, and thankful that I could use what basically amounts to as “free money” to cover an expense I would’ve happily paid for out of pocket.
How much does one save for retirement? What’s the best way to save for it?
Adding the category of “stuff I forgot to budget for” to my budget was a great idea, because there is always something I forgot to budget for. Since the election, it’s been donations to organizations that aren’t already on my list of monthly donations.
I love candles far more than the average person (I currently have three burning in my little studio apartment) but I draw the line at spending $62 (before tax!) on a 6.5 oz candle. Looking at you, Diptyque. I’m sure your candles smell great but at that point, I may as well just set my money on fire.
The first time I looked at the contents of my pay stub besides the “net pay” amount, I was overwhelmed. Who knew withholdings and deductions (both pre- and post-tax) were so complicated? Or that there were so many of them?
Happy hours aren’t really “happy” when they only knock off a dollar or so off the regular price. Those drinks and app add up fast regardless, though. And bottomless brunch? Pretty sure I can only afford to do one of those per month, max. Preferably less if we’re taking my waistline into account, ahem.
How much is too much to spend on a pair of shoes? A purse? A coat? A piece of jewelry? And, um, how much is too many when it comes to owning these items?
Apparently electric heat is inefficient heat, which explains why my electricity bill always skyrockets in the winter. My apartment gets very cold in the winter months, but I am trying to hold out as long as possible before I turn on the heat to minimize my electricity costs. Hopefully I can hold out till 2017.
Financial independence is so critically important. Being financially independent means I’m beholden to no one, and at the risk of sounding overdramatic, it also means that my life is my own. And that, I think, is something we are all striving for. I know I certainly am.