fbpx
:::: MENU ::::

Browsing posts in: Work

Eating Out is Our Struggle – What’s Yours?

by

Eating out too much

Throughout my pregnancy and after I had my daughter in August 2021, our family has been eating out entirely too much. I’m talking about nearly every day a meal is eaten from a drive-thru or takeout. It’s insanity! I know it is, but it is also so difficult to not do, especially with us both working full-time and being FT stay-at-home parents. At the end of the day, the last thing either of us wants to do is cook.

Similarly, if we have busy work days, it might be easier to run through the drive-thru at lunch rather than cook something here or stop and make something (at least that’s what we’ve been telling ourselves). However, I decided to sit down and take a look at the numbers so that my husband and I could discuss them and come up with a plausible solution.

Hashing Out the Numbers

In all honesty, it’s a bit embarrassing to say how much we’ve been spending on eating out. Most of the time, a meal out is anywhere from $30 to $50 for our family of three. If we are having said meal delivered, tack on another $10-$15 in delivery fees and tips.

If we eat out for lunch and dinner (which has happened more than I’d like to admit), we are spending up to $120 per day on food alone. Most of the time, there is food in the house that we could be eating. We either don’t want it or are too exhausted to put together the meal after a long day.

There was one week when we spent $500 just eating out. I sat down with my husband to go over the numbers and he was floored. We are spending at least $1,000/month in just fast food, delivery, etc. If we put this towards our debt, savings, and other financial goals it would make a HUGE difference.

So, what are we doing to fix it?

Sticking to a Meal Plan

Another thing we’ve struggled with in the past is sticking to the meal plan. My hubby is a picky eater, while I am not picky at all. He won’t eat any vegetables outside of corn (if that even counts). When we are trying to eat healthier, most of the time he just has a piece of meat on his plate. That is frustrating for me, especially as the person who cooks in the family.

Additionally, his reaction when I tell him what’s for dinner drives me crazy sometimes – lol.

That being said, we need to stick to a meal plan to get past our eating out too much. We’ve been fairly successful with this this week, but we had to include a lot of easier meals that don’t require a lot of putting together – sandwiches, pasta dishes, and healthy “on the go” snacks.

Ideally, I would meal prep twice a week but neither of us are a huge fan of leftovers and that feels like you’re just eating leftovers for days on end. So, the answer for us (I think) will be to find easier meals for most of the week and plan a nicer meal to make on Friday or Saturday. We are limiting our eating out to a single meal per week – and hopefully down to no meals out in the near future.

This has been a serious struggle for us because eating out is almost always less work (for me, especially). What aspects of spending do you struggle with? Any tips for our family?

Read More

CPA versus Certified Tax Preparer…Is It Worth It?

by

It’s that lovely time of year when we all get to do our taxes. *cue collective groan*

We ended up having a small tax debt this year for our federal taxes, but ended up with a refund on the state side, which helped to even things out in the end. Going through all our files (physical and electronic) is such a pain and we have a lot of different investments and tax credits through the state of Arizona, and it can be tough to keep track of everything! So it makes me wonder…is a CPA worth it?

My prior experience with a CPA

When I was married to my now ex-husband, there was one year that we really messed up our taxes and ended up owning a LOT of money (like….nearly $20,000). The following year, I hired a CPA and we used him for a couple of years until I went through my divorce. The CPA had been fine, but I didn’t feel like I was getting much out of the fee I was paying him. The biggest benefit is that he had a tax organizer that told me all the forms I needed to find/organize so I didn’t leave anything out. But I didn’t feel like he gave us any real advice in terms of minimizing tax obligations and his service cost $450/year.

While it was lovely not to have to do any of the work ourselves, I couldn’t really justify the cost. Once I went through my divorce, a lot of my tax situation simplified. My ex had been a small business owner, so there was a lot of extra “stuff” in relation to that. I didn’t have to worry about that on my own, and did my own taxes for a few years.

Current experience with certified tax preparer

My now-husband and I have been handling our taxes ourselves since we wed in 2020. This year, however, we were both overworked and out-of-time to do it on our own. We ended up hiring a certified tax preparer to get all our documents together and submit everything for us. He was cheaper than the CPA ($275 total), but I still wonder….is it worth it?

CPA vs Tax Preparer

If you’re in the market to hire someone to help with taxes, it’s good to know what you’re getting for your money. A CPA is generally more expensive, but they have more expansive training and testing on all types of accounting and financial information, including (and beyond) tax preparation. The certified tax preparer we used this year still passed a test and is certified to be able to prepare taxes. But he doesn’t know all the ins-and-outs of everything a CPA would know. In our initial meeting, I asked what the current income limit is in order to have a Roth IRA. He didn’t know. It was easy for me to look up on my own, but it just feels like something a CPA would surely know straight from memory.

What are your thoughts?

We did, in fact, use a tax preparer this year. But I don’t know what we’ll do in the future. I feel like we’re at a point in our financial lives that a CPA’s advice could be beneficial for financial planning purposes. But I don’t want to spend an arm-and-a-leg and feel like I’m not getting much out of it, either.

Maybe last time my CPA was just a “dud” and I need to interview around or get better recommendations and referrals. To be clear, he did what he was supposed to (he prepared and filed our taxes, after all). But it just didn’t feel like anything over and above what our tax preparer is doing. Can spending more money on a CPA result in a net savings in terms of smart investments and legal ways to minimize tax burden?  When do you know if it’s a smart choice for you?