:::: MENU ::::

Caught Red-Handed with an Overspender Mentality


I never really thought of myself as an “overspender.” But, I have caught myself writing something on this blog that screams “overspender-warning.”

Sure, it was just buying something minor (matching dishes and silverware) but they way I reasoned the purchase can be a little dangerous. In my words, I said I purchased them as a “mood-booster.”

Thinking back through the years, I have bought other things as “mood-boosters” when I was feeling down or depressed. Do I feel that material possessions create happiness? If someone had asked me that question last week, I would have told you that happiness is not created by material possessions. But now I realize that my thoughts and my past actions do not equal one another.

Now that this has been brought to light, how do I go about re-mapping my way of thinking? That’s a tough question that I do not have the answer to at the moment, but it is an answer that I will be searching for. When I find it, I will be sure to share with everyone.

Wow, another eye-opener in the past few days. My response, let’s keep ’em coming! 😉

April Monthly Debt Payments


I’ve mentioned before how it can be a motivator to add up all of your minimum monthly payments to debt. For me, seeing that number helps me realize how much money could be available for other things in life, like saving for retirement. That’s something I hope to be able to start soon.

I’ve added up the April payments, and here they are:

Mortgage: $337
Auto Loan: $258
School Loans: $208
Credit Cards: $950

The grand total $1,753 / month. That’s 52% of our monthly gross income.

Assuming those minimum payments did not change (but they will as the balance on the debt is reduced and as I obtain lower interest rates on the credit cards) that would be over $21,000/year.

What an eye-opener!!!