March 30 Day Project

For March, my 30 Day Project is to do 100 sit-ups in a single set.

Based on the results of my February project, I will be doing 5 sets, morning and night, as follows:

Set 1:  Half of my maximum amount.

Sets 2-4: 3/4 of my max.

Set 5: Do sit-ups until my abs start to cramp, thus setting my max for the next session.

This month, I only have one project.

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Avoiding the Downside of Saving

Like all good silver linings, saving often comes with a storm cloud. Too often, people fall into the trap of forgetting to live while they are digging out of debt. Once you get into the habit of spending every spare cent to pay down debt, retirement, or a college fund, it gets easy to ignore the present in favor of the future. The downside–or potential downside–to saving, debt repayment, and frugality is a deferred life. Whether it’s deferred fun, deferred education, or deferred personal development, it can be detrimental to you and your relationships.

Changing Reality

Changing Reality

My wife and I have had this conversation. We’re in the groove on our debt repayment. We are making excellent progress right now. Since we’ve got it all automated, it leaves us time to plan, dream and consider our options. We’ve been looking at converting a hobby into a business venture. Doing so will involve a $1-2000 investment. If we can make it work, my wife will be able to quit her tolerable, comfortable, soul-sucking job within a couple of years. If we can’t, she will still have moved her hobby into an advanced–and more fun–level. That’s a win either way, but our initial reaction is to postpone. We already know we’ll have to postpone the purchases until we’ve saved for it, because we refuse debt in all forms. Our initial reaction has been to postpone saving, effectively deferring development with long-term potential to improve our lives until our debt is completely gone.

We’ve been discussing this, off and on, for months. We have finally decided to start saving, but only when we have money that is purely extra and we’ve tucked money into all of our other savings goals. It’s not a perfect solution, but it seems to be an acceptable compromise given our situation and values.

Regardless of your situation, it is important to remember not to defer your life while you tackle your debt or savings goals.

Update:  This post has been included in the Carnival of Personal Finance.

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30 Day Project Update

My first 30 Day Project for the month of February has been to work my way up to doing 100 pushups in a single set. At the end of January, I did a test to find my baseline, my starting point. I could do 20 pushups, but there was no way 21 would … [Continue reading]

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Budgeting Bulimia

As the President is so quick to point out, ten years ago, there was a large budget surplus.  Naturally, the government went into a massive cycle of lifestyle expansion.   That expansion, combined with lower tax revenue and a recession has brought us … [Continue reading]

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