Monday, August 31, 2009

1 day to go

I'm so excited for the money blog to start. Do you know how long it's been since I've been to CNN Money? I used to be truly addicted to that website as well as the MSN Money message boards. Having a kid does change your priorities, and now I direct all my energy into Julia's eating. Not so healthy. So I'm starting this in an effort to redirect my energy to what I used to love doing.

What are my goals? To get back into this money stuff. I have a Master's degree in it, and I feel like I've lost a lot of knowledge.

I don't make much money. Neither does hubby. Together we make a decent amount. We try to live simply, enjoy simple pleasures (like cable TV and eating out once in a while), and save as much as possible for the future. Someday we'd like to own a house on the water. Someday we'll likely be contributing to take care of S's parents. Someday we'd like to pay for Julia's college education. Someday we'd like to take a trip to Europe ALONE. Someday we'd like to retire because we're ready. Money is the currency we need to get to those goals.

What I'm NOT: I'm not an expert. I'm not one of those people who's going to make her own clothes to save $10. I'm also not going to do much thrift store shopping. I'm not going to live on saltines and tuna fish. I'm not going to solely use public transportation. I'm not going to grow my own food.

I admire people who can do the above to save money. Particularly the public transportation one.

What I am: Average person who'd like to save more money so that she can have more money for the future (compound interest, anyone?). I struggle just like everyone else and sometimes have a hard time delineating between wants and needs.

Living on less has so many benefits. You have more breathing room in the budget, which alleviates stress. You save more. And you get used to spending less in future years, which means you need to accumulate less before you retire.

I'm going to use this blog to discuss my personal and joint spending (hubby can do whatever he wants with his personal account). As well as whine about weight loss and what my child doesn't eat. I'm just going to try to have more money entries.

Come along for the ride!


Leigh Ann said...

Well, I'll be following, hoping to learn from you! I am impressed with anyone who has a house paid for :0) You definitely know what you are doing.
Ready to learn....

Karin said...

Me too! Looking forward to it. Especially since we're trying to buy a house. We couldn't do it without parental help (mostly financial, but also some real estate/contracting experience). I'd like to be in the position to help Colin buy his first house some day. Plus all those wild and crazy dreams I commented in your other blog entry. :)