Tomorrow begins July and the later half of the year. I started this blog in search of finding balance in my life. I think I am actually getting there! Sure, I have a long way to go. But I am content with the choices I am making and the direction I am going in. In fact, I am happier than I have been in quite some time. As my days of full-time employment wind down, my head seems less clogged. It has been a wonderful change not to be multitasking at every waking moment of the day. (this might just be due to the kids being with my in-laws though)
So what are my hopes and plans for the coming year:
- Be present with my children more! Now that I have more time to spend with them, I don’t want to be distracted all the time.
- Focus on minimalism and enjoying the things in life that are free.
- Having a savings plan for retirement and in-case-of-job-loss, but not become overwhelmingly focused on money and material things.
- Practice yoga every day.
- Find simple ways of celebrating my husband and our 10 years of marriage.
- Develop a social support system for myself and my family through meaningful friendships.
I am really looking forward to having greater balance in my life! I hope you continue on this journey with me.
Today my husband and I went to get his retirement plans order. We met with the same lady I met with on Friday, but spend a little more time in her office. His plans are a bit more complex as he has the option to pick how his plans are invested. We switched over some of his plans that were very conservative to a little more aggressive. Finally, we switched his Roth IRA from Primerica to a non-fee one. It felt odd to be talking about years like 2040 and 2050, but I am happy we did this retirement tune up.
Since we were both off work, I suggested we grab a quick lunch at a restaurant nearby. We could have ate at home, but I wanted a space to sit down and talk about money. I had a feeling that if we went home, we would get distracted by life and not have this conversation. Our talk was really productive. It was tense at first with a bit of blaming. He shared how my constant nagging over finances and comments about how we are over budget aren’t helpful. I countered by saying that I didn’t how else to emphasize the gravity of our financial situation. I also added that overspending every month is a horrible financial plan both now and when we retire. Learning to spend within our means is a habit we should develop immediately. In the end, we agreed to review our finances and budget each week. We are also going to take a good look together at our expenses and see what we could reduce. It was definitely a conversation that needed to be had and we both left feeling like we have a game plan going forward.
The $17 we spent on lunch was definitely worth it!
<rant> It was just that kind of day where bad decisions were made all around. We’ve once again reached the point in the month that our credit card balance is more than the cash we have on hand. Simply put, $700+ in plane tickets and my husband’s trip to Vegas were expenses we couldn’t afford. My husband called me this morning and said he was driving back with a friend. Why he couldn’t have done this in the first place and not booked a plane ticket a few weeks back is beyond me. He literally let money fly away. After that call, I decided to go out to eat with the kids. Sure, I could have cooked and saved money. But its hard to stay motivated when you are the only one trying.
I’ve tried to have conversations about money with my husband in the past. I think it boils down to the fact that he makes a lot more than I do. We both work hard, but his job and career yields more income into the family. We want different things and it seems like we are always fighting over what is more important. He believes we should spend money on experiences and making memories. He’s also pretty content with our house whereas I really want a new home. I just don’t know how to be successful in this! Ugh, I’m so over being stressed about money. </rant>