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Home > Too busy earning money to think about what to do with it?

Too busy earning money to think about what to do with it?

December 30th, 2010 at 07:14 am

I've always been more focused on money than the Hubs. Basically, he was so busy out earning money that he rarely had time to think about it. For years I've been the one using coupons, doing research, paying bills, etc. I guess it's because I was the one at home with the kids trying to figure out how to make that one salary work... But since I've been working for the last year, we are both busy "earning." And after we sat down to do some thinking and planning and goal-setting the other day, he's a little more interested. Which is great! I know we can accomplish a ton more if we are both actively involved.

Earlier today, he came and asked, "So what do you know about Betterment.com?" To which I replied, "Nothing." I'm going to let him have a project, I think, rather than jumping in and doing my own research.

We each got $150 cash for Christmas from the relatives, and we NEVER get that much for Christmas! What a surprise! The treat was even more special because we got it in separate envelopes. When cash comes for both of us together, it usually just goes into our checking account... and gets spent on groceries, or saved or whatever. Know what I mean? The gift giver always says, "Now don't use this for groceries! Go do something fun." But it never happens.

Funny, this week we're both carrying that $150 in our wallets, but neither one of us has spent any of it! Hubs wants an iPad, so he is saving for that. I might buy a purse (I've had my eye on a certain one for months and since the money was a gift, I can justify splurging!), but it's more likely that I'll put mine in my IRA. Heck, even if I decide to get the purse, I can still put most of that in savings. I don't feel the need to buy anything else.

Today I made a million meatballs and froze most of them (we ate a few for dinner.) I just love having a "bank" of meals in the freezer. Tomorrow I need to do some cooking for New Year's Eve, and pack because we're going away for the weekend. And then it's back to work on Monday...

I had some errands to do today, and I rode my bike instead of driving! So I'm adding $1 to my $20 challenge. And I saved $8.75 using coupons.

$57.49 + $9.75 = $67.24

Posted in $20 Challenge | 4 Comments »

4 Responses to “Too busy earning money to think about what to do with it?”

  1. snafu Says:
    December 30th, 2010 at 06:38 pm 1293734309
    1293734309

    Oh, please set some goals and create a financial plan. Without a plan you are driving down a road after dark with headlights off. Keep it easy like 50-30-20 which means 50% of income covers needs, 30% covers wants, 20% to savings using your preferred categories.

  2. Swimgirl Says:
    December 30th, 2010 at 11:48 pm 1293752923
    1293752923

    I'm not sure why you felt the need to say that. We are quite accomplished savers, have no debt, and we have had plans in place for years. There is always room for some adjusting, though, and I'm open to that.

    I wouldn't even consider a plan like 50-30-20 at this point. Too much in the "wants" for us.

  3. snafu Says:
    December 31st, 2010 at 02:34 am 1293762874
    1293762874

    My diplomatic skills are weaker than I like and I didn't mean to sound harsh but the heading you chose... “Too busy earning money to think about what to do with it?” suggests you are not using your financial resources to your greatest advantage. Wonderful that you have eschewed and kudos for being 'accomplished savers' but financial health is a three legged stool and your money needs to work to build wealth for you. By all means change percentages to suit both you and hub but you have an opportunity to DCA into wealth that will serve you for your lifetimes.

  4. Swimgirl Says:
    December 31st, 2010 at 03:17 am 1293765454
    1293765454

    Actually, if you read the first paragraph, I said that HE was busy earning and hadn't had much time to think. "And after we sat down to do some thinking and planning and goal-setting the other day..." HE is more interested. Just the fact that we were planning should be indication that we are taking care of things.

    You do sound harsh. It sounds like you have some information to share, but your comment does sound preachy and know-it-all. Thanks for the advice.

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