- @ScottATaylor Thanks for following me. in reply to ScottATaylor #
- RT @ChristianPF: 5 Tips For Dealing With Your Medical Debt http://su.pr/2cxS1e #
- Dining Out vs Cooking In: http://su.pr/3JsGoG #
- RT: @BudgetsAreSexy: Be Proud of Your Emergency Fund! http://tinyurl.com/yhjo88l ($1,000 is better than $0.00) #
- [Read more…] about Twitter Weekly Updates for 2009-12-12
Experiences v. Stuff
- Image by hunterseakerhk via Flickr
On Friday, I went to see Evil Dead: The Musical with some friends. The play obviously isn’t a good match for everyone, but we are all horror movie fans, I’m a Bruce Campbell fan, and all of us had seen and enjoyed at least Army of Darkness. It was a good fit for us.
The play, followed by a late dinner and drinks with people I care about, was easily the most money my wife and I have spent on a night out in years. That’s including an overnight trip for my cousin’s wedding.
Now, several days later, I keep thinking about that night, but not with regret about the price. I keep thinking about the fun I had with my wife and some of our closest friends. We saw a great play that had us in stitches. We had a few hours of good conversation. We had a good time. I would happily do it all over again. In fact, I would happily reorganize our budget to make something similar happen every month.
I don’t remember the last time I spent 3 or 4 days happily thinking about something I bought.
I look around my house at the years of accumulated crap we own and I see a big rock tied around my neck. Even after a major purge this spring, we’ve got more stuff than we can effectively store, let alone use. When something new comes in the house, we spend days discussing whether we really need it or if it should get returned. When we plan a big purchase, we debate it, sometimes for weeks.
Getting stuff is all about stress.
My wife and I are both familiar with the addictive endorphin rush that comes with some forms of shopping. I wish the rational recognition of a shopping addiction was enough to make it go away. Buying stuff makes us feel good for a few minutes, while high-quality experiences make us feel good for days or weeks, and gives us things to talk about for years to come.
It’s really not a fair competition between experiences and stuff. Experiences are the hands-down winner for where we should be spending our money.
Why then, does stuff always seem to come out ahead when it comes to where our money actually goes?
Saturday Roundup – Happy New Year!
This week, my daycare provider has taken off to have surgery. That means I have 10 days off in a row. I haven’t done that since I was laid off at my last job, four years ago. I’m really looking forward to the time with my brats.
Happy New Year! Here’s hoping 2011 beats the pants off of 2010, no matter how 2010 went for you.
Best Posts
Free From Broke has a monster post with the best personal finance articles of the year. If you need something to read….
Lifehacker posted about a service that will grade and critique your resume for free. I’m not looking for a new job, but it looks like a great service.
Have you ever considered the similarities between hookers, doctors, and TSA agents?
Here’s an interesting analysis of the huge stimulus package that was supposed to revive the economy. With all of the red tape and deadlines involved in getting the stimulus money, only projects that were going to happen anyway and already had permits and approval actually happened. Private enterprise held off starting projects, hoping to get stimulus funding, only to find out they couldn’t possibly jump through the hoops in time, which is when they lost investors. Huge fail with nothing accomplished beyond packing a ton of taxpayer money in a fat .gov bong and watching it go up in smoke.
LRN Timewarp
This is where I review the posts I wrote a year ago.
I wrote a post on the dangers of hypocrisy. It’s a good post to re-read whenever I start feeling judgmental.
I also started my budget series. Lesson 1 detailed my discretionary budget category.
Finally, I asked what you’ve done to improve your situation. Every day, you can do something. It may not be a big thing, but even small steps in the right direction will get you where you need to be.
Get More Out of Live Real, Now
There are so many ways you can read and interact with this site.
You can subscribe by RSS and get the posts in your favorite news reader. I prefer Google Reader.
You can subscribe by email and get, not only the posts delivered to your inbox, but occasional giveaways and tidbits not available elsewhere.
You can ‘Like’ LRN on Facebook. Facebook gets more use than Google. It can’t hurt to see what you want where you want.
You can follow LRN on Twitter. This comes with some nearly-instant interaction.
You can send me an email, telling me what you liked, what you didn’t like, or what you’d like to see more(or less) of. I promise to reply to any email that isn’t purely spam.
That’s all for today. Have a great weekend!
Saturday Roundup
I’ve spend the last 10 days at home with my two youngest kids. It’s been a lot of fun. It’s amazing watching them interact with each other and seeing how their imaginations works. It’s also been a helpful reminder that, if I don’t turn on the TV, they will happily find something else to do.
30 Day Project Update
This month, I am trying to establish the Slow Carb Diet as a habit. At the end of the month, I’ll see what the results were and decide if it’s worth continuing. For those who don’t know, the Slow Carb Diet involves cutting out potatoes, rice, flour, sugar, and dairy in all their forms. My meals consist of 40% proteins, 30% vegetables, and 30% legumes(beans or lentils). There is no calorie counting, just some specific rules, accompanied by a timed supplement regimen and some timed exercises to manipulate my metabolism. The supplements are NOT effedrin-based diet pills, or, in fact, uppers of any kind. There is also a weekly cheat day, to cut the impulse to cheat and to avoid letting my body go into famine mode.
I’m measuring two metrics, my weight and the total inches of my belly, waist, biceps, and thighs. Between the two, I should have an accurate assessment of my progress.
Weight: I have lost 11 pounds since January 2nd. This is crazy. At least part of this has to be due to the natural swing of up to 5 pounds from day to day, and part of it is due to the fact that I was wearing jeans when I weighed in the first time and cotton pajamas this morning. From now on, this is going to be the first thing I do on Saturday mornings, so everything is as consistent as possible. Another factor is that I’ve cut most of the crap out of my diet for a week. My body has been flushing garbage. But dang! 11 pounds in a week. I’m a bit excited.
Total Inches: I have lost 5.5 inches in the same time frame. This is proof that it’s not just water that I lost, which is where first, dramatic losses usually originate in a diet.
The loss seems a little bit nuts. Here’s hoping it stays consistent.
Best Posts
Your retirement account shouldn’t be an optional investment. Do you know how to maximize retirement savings?
I’m a big fan of making extra money. Money Crashers lists 6 sites to help you rake in the cash, without needing any special skills.
Unclutterer is giving away three Fujitsu Scansnaps. I want one of these is a way that isn’t quite right.
I’ve been moving to LED lights instead of CFLs for a few years. CFLs make lousy security lights in Minnesota in the winter. They take 5 minutes to get to full brightness when it’s cold. LEDs last forever.
LRN Timewarp
This is where I review the posts I wrote one year ago.
I posted about the difference between bribes and rewards and the problems inherent in trying to buy good behavior.
Lesson 2 of my budget series went live, detailing my monthly bills.
We made some changes to our budget plans that haven’t worked very well. Over the course of the last year, every one of these ideas has either been partially or totally abandoned, but it’s working for us.
Carnivals I’ve Rocked
How to Complain – The Squeaky Wheel Gets the Grease was included in the Carnival of Personal Finance.
3 Things You Need to Know About Homeowner’s Insurance was included in the Festival of Frugality.
Thank you! If I missed anyone, please let me know.
Get More Out of Live Real, Now
There are so many ways you can read and interact with this site.
You can subscribe by RSS and get the posts in your favorite news reader. I prefer Google Reader.
You can subscribe by email and get, not only the posts delivered to your inbox, but occasional giveaways and tidbits not available elsewhere.
You can ‘Like’ LRN on Facebook. Facebook gets more use than Google. It can’t hurt to see what you want where you want.
You can follow LRN on Twitter. This comes with some nearly-instant interaction.
You can send me an email, telling me what you liked, what you didn’t like, or what you’d like to see more(or less) of. I promise to reply to any email that isn’t purely spam.
That’s all for today. Have a great weekend!
How to Save
Saving is hard. For years, we would either not save at all, or we’d save a bit, then rush to spend it. That didn’t get us very far. Years of pretending to save like this left us with nothing in reserve. Finally, we’ve figured out the strategy to save money.
First and foremost, make more than you spend. This holds true at any level of income. If you don’t make much money, then you need to not spend much, either. Sometimes, this isn’t possible under current circumstances. In those cases, you need to either increase your income or decrease your expenses. Cut the luxuries and pick up a side hustle. The wider the gap between your bottom line and your top line, the easier it is to save.
Next, make a budget and stick to it. There is no better way to track both your income and your expenses. I’ve discussed budgets before, so I won’t address that in detail today. Short version: Make a budget. Use any software you like. Use paper if you want. Make it and use it.
Pay yourself first. The first expense listed on your budget should be you. Save first. If you can’t afford to save, you can’t afford some of the other items in your budget. Cut the cable or take the bus, but save your money. Without an emergency fund, your budget is just a empty dream when something unexpected comes up. And something unexpected always comes up.
Automate that payment to yourself. Don’t leave yourself any excuse not to make that payment. Set up an automated transfer to another bank and forget about it. Schedule the transfer to happen on payday, every payday.
Now comes the hard part: Forget about the money. Don’t check your balance. Don’t think about it in any way. Just ignore it. For the first month or two, this will be difficult. After that, you’ll forget it exists for a few months and come back amazed at how much you’ve saved.
If you don’t forget about it, and you decide to dip into the account, you are undoing everything you’ve worked so hard to save. Do yourself a favor and leave the money alone.
Twitter Weekly Updates for 2010-04-03
- Screw April Fool's Day. I'm about ready to clear my entire feed queue. #
- I definitely need a reason to get up at 5 or I go back to sleep. #
- Bank tried to upsell me on my accounts today…through the drivethru. #
- Motorcycle battery died this morning. Surprise 4 mile hike. #
- RT @ramseyshow 'The rich get richer &the poor get poorer' is true! Rich keep doing what rich people do & poor keep doing what poor people do #
- RT @ramit: "How do you know if someone is a programmer?" I cannot stop laughing imagining half my programmer friends – http://bit.ly/9MOipi #
