OUCH, I went to fill up today and it was $3.75 per gallon at the local and probably cheapest gas station in the area. I stopped pumping at $33.00. I'll be heading off to an area with less expensive gas for the weekend, so I'll fill up/top off there.
I may love my new to me vehicle, but I'm sure not loving these new gas prices.....
Oh well.
Wednesday, April 30, 2008
Consumers Aren't The Only Ones Feeling The Pinch
Last week I had some time to kill and went to the local mall. The last time I was there was at the holiday season. I was very surprised to see a lot of vacant store fronts, some of them national chains. I could have sworn the mall had more stores at Christmas time. I do know this particular mall has been slowly losing upscale retailers, the anchor stores are Macy's, JC Penney's, and Sears, but the shops in the mall are becoming more discount (and not even good discount).
NPR is running a week long series on Debt in America. Today's feature focused on retail stores. Stores such as Wilson Leather, Bombay and Co., CompUSA, Talbots, etc are all closing stores. You can click here to read the story, but I also suggest you click on the link for the pod cast and listen as well. Consumers are not the only ones feeling the credit crunch, even retail chains are having difficulties. Check it out.
NPR is running a week long series on Debt in America. Today's feature focused on retail stores. Stores such as Wilson Leather, Bombay and Co., CompUSA, Talbots, etc are all closing stores. You can click here to read the story, but I also suggest you click on the link for the pod cast and listen as well. Consumers are not the only ones feeling the credit crunch, even retail chains are having difficulties. Check it out.
Tuesday, April 29, 2008
Drowning In Debt
National Public Radio is running a 5 part series on Americans and Debt, called Drowning in Debt. Part two was this morning, the story of a woman, her husband, 11 credit cards, rising interest rates, and then the loss of job income. These folks were lucky, they got into credit counseling and were able to make some lifestyle changes.
I will post the link to tomorow's story tomorrow!
I will post the link to tomorow's story tomorrow!
Monday, April 28, 2008
Less Than One Half of One Percent...
of ones yearly salary is what the average America saves nowadays. In the late 1970's, early 1980's, the average American saved 11% of it's yearly salary. Less than one of half of one percent-that is a very scary statistic.
National Public Radio is running a week long series on money,debt, and finances. Click here for the link to the first installment of the series. There is also a link on that page to the podcast.
Tomorrow, NPR will be interviewing and speaking with a woman is who struggling to get out of credit card debt. I am a fan of NPR and it's reporting, and I am curious to hear their series on Americans, debt, finance and the what not. Should be interesting!
National Public Radio is running a week long series on money,debt, and finances. Click here for the link to the first installment of the series. There is also a link on that page to the podcast.
Tomorrow, NPR will be interviewing and speaking with a woman is who struggling to get out of credit card debt. I am a fan of NPR and it's reporting, and I am curious to hear their series on Americans, debt, finance and the what not. Should be interesting!
Thursday, April 24, 2008
Snowflake Update
Just so you all realize I'm not totally blowing off personal finance during my bout of Spring Fever...
I got a notice that Half.com will be depositing to my account $9.03 from recent sales (not a lot,but hey, better than nothing!) I also got $60 in house photo money today. The Half.Com cash goes into my E-fund account, the $60 goes in to the Credit Union Savings Account. That will bring the amount in the Credit Union Account up to $255.
As Ive posted before, I have a couple accounts, ING, Credit Union and my E-Fund checking account. If push comes to shove, they are all E-Fund Accounts. Total in all three accounts is about $800 ( I don't have exact totals handy). That makes me almost halfway to my year goal of a $2,000 E-fund. My tax stimulus check will put me at $1,400 and I'm still funding my E fund $200 a month. Had I not had to replace my broken storm door and the neighbors car window, and a couple not so emergency emergencies, I'd be "fully funded". Even though I had been taking property photos for a while, my plan to deposit the checks to my main account then transfer to the ING account just never got rolling. More so due to laziness on my part to log on and do a funds transfer (at times I am such a slug). With the credit union, I just make the deposit when I swing by once a week. Much better and I'm not "tempted" to budget out that money for some other treat or project.
Ah well, it is what it is.... The snowflaking continues.....
I got a notice that Half.com will be depositing to my account $9.03 from recent sales (not a lot,but hey, better than nothing!) I also got $60 in house photo money today. The Half.Com cash goes into my E-fund account, the $60 goes in to the Credit Union Savings Account. That will bring the amount in the Credit Union Account up to $255.
As Ive posted before, I have a couple accounts, ING, Credit Union and my E-Fund checking account. If push comes to shove, they are all E-Fund Accounts. Total in all three accounts is about $800 ( I don't have exact totals handy). That makes me almost halfway to my year goal of a $2,000 E-fund. My tax stimulus check will put me at $1,400 and I'm still funding my E fund $200 a month. Had I not had to replace my broken storm door and the neighbors car window, and a couple not so emergency emergencies, I'd be "fully funded". Even though I had been taking property photos for a while, my plan to deposit the checks to my main account then transfer to the ING account just never got rolling. More so due to laziness on my part to log on and do a funds transfer (at times I am such a slug). With the credit union, I just make the deposit when I swing by once a week. Much better and I'm not "tempted" to budget out that money for some other treat or project.
Ah well, it is what it is.... The snowflaking continues.....
Wednesday, April 23, 2008
Taking Advantage of the Good Weather......
that has arrived here in New England. I'm spending the better part of this week preparing my lawn for a feed and what was my lawn (and now a dirt patch) for a serious re-seed. I spent the money and got the high traffic grass seed.
The Escape goes in for an oil change on Saturday and I'm planning on stopping at my favorite nursey for some herbs for my kitchen garden. Spring has finally arrived!
More soon, hope you are also having some grand weather......
The Escape goes in for an oil change on Saturday and I'm planning on stopping at my favorite nursey for some herbs for my kitchen garden. Spring has finally arrived!
More soon, hope you are also having some grand weather......
Sunday, April 20, 2008
We Can't Do This Alone
No we can't and that is one reason why we blog about this. What is this, this is debt reduction, increasing savings, or bouncing back from bankruptcy.
It's hard to do this. It's easy to stray back to bad or old habits. It's hard to do this alone, it's hard (and in some cases) even harder to do this when your partner is not on the same page as you.
Why do we blog about personal finance? We blog because we need someone (or many someones) to hear us, help us, commiserate with us, congratulate us on our successes. We blog because many of us are so afraid to discuss this with family and friends. I know I blog because I really don't have anyone to discuss my bankruptcy with. I blog because I need to hold myself responsible for my new actions and to help me avoid my past mistakes. I currently don't have anyone in my life that I am 100% comfortable discussing my finances with. That is OK, as we all know, finances are a taboo subject and not many people are comfortable having frank open discussions about personal finance, discussing bankruptcy really makes folks uncomfortable. I can tell you that from personal experience.
I did spend part of today catching up on a bunch of blogs. I can see the frustration in some folks blogs when only one in the relationship is committed to the debt reduction plan. You can read the tiredness and frustration they must have being the one who is trying to shoulder the debt reduction load and you can sense the bitterness/apathy/ emotional distance of the other partner.
I also want to reach through the Internet and give some of these bloggers a good shake. I read one blog where the blogger wants to reduce a $5,000 debt. Yet all I read about in the blog is their E-bay sales stink (they stink for many of us), and this blogger just HAD to go out four times in the past two weeks for drinks, dinner, take out,.. just HAD too. You get the picture. In just over one year of blogging, they have paid off $3,000 of their debt. By my calculations and reading their archives, if they cut their supposed mandatory social obligations in half, they would be debt free by now. Debt free, but I guess eating take out with the roommates three times a week is more important than paying off the debt. I also read a blog where the blogger paid off his credit card debt but pretty much exists on frozen burritos and ramen noodles because it's cheap (and loaded with sodium), gives in to food cravings for things like McDonalds or KFC, and then wonders why he has health issues and complains how much a three piece chicken meal costs. Two ends of the spectrum. What ever happened to moderation? There are some blogs that have not been updated in weeks, or months, and some blogs that have totally gone away. I wonder about some of those folks, especially the ones who were obviously in a bad place, we want to try and be there for them and they have gone to blog heaven so to speak. They have taken themselves off line to deal with their issues.
Yes, it is not my place to dictate how and when folks pay off their debt, but to whine on about having no money, no e-bay sales and all these mandatory social obligations is tiring to read. But it is inspiring and enlightening to read about folks struggling with the real issues we all face, funding emergency funds, adjusting budgets to take into account the every growing price increases we have no control over (gas, food, utilities). I like hearing that folks still get promotions, are able to meet savings goals, and yes there are folks who do really pay down their debt without surviving on sodium loaded junk food.
Pretty much most of us blog for the additional support we get from the blogsphere, we like being a part of the Snowflake Revolution, Blogher, Frugal Hackers, you name it. We like hearing what worked and did not work from Dave Ramsey, Suze Orman, the Broke Because You Want to Be Guy, we like the links we find in carnivals, we like the spreadsheets people come up with, we like the referrals to all sorts of things that make our lives easier and hopefully bring us back some much needed cash. We like the unexpected comments of support we get when we write those gut wrenching posts because we feel like our world is falling apart.
For me, finding Ladies in the Red came at a time when I was just beside myself with the Bankruptcy filing. I was having hot flashes, eating tons of food, obsessing over everything and spent far too much time in bed with the covers pulled over my head bitching to myself about getting grey hair and zits at the same time. Katie's honesty about her bankruptcy and money issues made me laugh at me-someone else had my exact same problems and they managed to survive. Katie even got a featured magazine article about her site and her bankruptcy. I still find her site and her forum inspiring.
And yes, we can't do this alone. Keep writing, blogging and supporting each other. We can't do this alone, but we can do this with help and support.
It's hard to do this. It's easy to stray back to bad or old habits. It's hard to do this alone, it's hard (and in some cases) even harder to do this when your partner is not on the same page as you.
Why do we blog about personal finance? We blog because we need someone (or many someones) to hear us, help us, commiserate with us, congratulate us on our successes. We blog because many of us are so afraid to discuss this with family and friends. I know I blog because I really don't have anyone to discuss my bankruptcy with. I blog because I need to hold myself responsible for my new actions and to help me avoid my past mistakes. I currently don't have anyone in my life that I am 100% comfortable discussing my finances with. That is OK, as we all know, finances are a taboo subject and not many people are comfortable having frank open discussions about personal finance, discussing bankruptcy really makes folks uncomfortable. I can tell you that from personal experience.
I did spend part of today catching up on a bunch of blogs. I can see the frustration in some folks blogs when only one in the relationship is committed to the debt reduction plan. You can read the tiredness and frustration they must have being the one who is trying to shoulder the debt reduction load and you can sense the bitterness/apathy/ emotional distance of the other partner.
I also want to reach through the Internet and give some of these bloggers a good shake. I read one blog where the blogger wants to reduce a $5,000 debt. Yet all I read about in the blog is their E-bay sales stink (they stink for many of us), and this blogger just HAD to go out four times in the past two weeks for drinks, dinner, take out,.. just HAD too. You get the picture. In just over one year of blogging, they have paid off $3,000 of their debt. By my calculations and reading their archives, if they cut their supposed mandatory social obligations in half, they would be debt free by now. Debt free, but I guess eating take out with the roommates three times a week is more important than paying off the debt. I also read a blog where the blogger paid off his credit card debt but pretty much exists on frozen burritos and ramen noodles because it's cheap (and loaded with sodium), gives in to food cravings for things like McDonalds or KFC, and then wonders why he has health issues and complains how much a three piece chicken meal costs. Two ends of the spectrum. What ever happened to moderation? There are some blogs that have not been updated in weeks, or months, and some blogs that have totally gone away. I wonder about some of those folks, especially the ones who were obviously in a bad place, we want to try and be there for them and they have gone to blog heaven so to speak. They have taken themselves off line to deal with their issues.
Yes, it is not my place to dictate how and when folks pay off their debt, but to whine on about having no money, no e-bay sales and all these mandatory social obligations is tiring to read. But it is inspiring and enlightening to read about folks struggling with the real issues we all face, funding emergency funds, adjusting budgets to take into account the every growing price increases we have no control over (gas, food, utilities). I like hearing that folks still get promotions, are able to meet savings goals, and yes there are folks who do really pay down their debt without surviving on sodium loaded junk food.
Pretty much most of us blog for the additional support we get from the blogsphere, we like being a part of the Snowflake Revolution, Blogher, Frugal Hackers, you name it. We like hearing what worked and did not work from Dave Ramsey, Suze Orman, the Broke Because You Want to Be Guy, we like the links we find in carnivals, we like the spreadsheets people come up with, we like the referrals to all sorts of things that make our lives easier and hopefully bring us back some much needed cash. We like the unexpected comments of support we get when we write those gut wrenching posts because we feel like our world is falling apart.
For me, finding Ladies in the Red came at a time when I was just beside myself with the Bankruptcy filing. I was having hot flashes, eating tons of food, obsessing over everything and spent far too much time in bed with the covers pulled over my head bitching to myself about getting grey hair and zits at the same time. Katie's honesty about her bankruptcy and money issues made me laugh at me-someone else had my exact same problems and they managed to survive. Katie even got a featured magazine article about her site and her bankruptcy. I still find her site and her forum inspiring.
And yes, we can't do this alone. Keep writing, blogging and supporting each other. We can't do this alone, but we can do this with help and support.
Subscribe to:
Posts (Atom)