Saturday, September 10, 2016

Financial Identity Crisis

This has been an expensive year to say the least.  We were recently lucky enough to go on a three week vacation to Southern California.  I had a wonderful time and even had my best ever visit to Disneyland.   Buying a house that hasn't been updated since 1986 has been an education in all the little things that can eventually give out in a home.  Add to that the fact that our couch was too broken to move again and things start to add up.  

It's not like we have ever been frugal.  Last year we went to Hawaii and Disneyland and, as my weight shows, we love to go out to eat and drink.  We have been having fun on credit for far too long and I'm afraid the jig is up.  Suzi Orman taught me you have to live in your financial truth, and we have been living a lie.  

As I sit here today I am in over $30,000 debt, and I just bounced a check.  I'm in my 40's now and there is no excuse for this.  We make plenty of money annually to live a perfectly great life, but we have been living beyond our means for so long that now we have a situation.  Thankfully nothing bad has happened, yet.  The fear is always that a job loss could put us out on the street or something catastrophic because we have less than zero.  This was a very stressful realization, but I'm very glad that my husband was willing to bring it up and not let us ignore it any longer.

September 15th will be the beginning our financial New Year.  I keep hearing people refer to September as the other fresh start so why not a financial overhaul.  We have agreed on a set amount of spending money from each paycheck that will be deposited into the new account we opened.  All of our spending that is not for household bills such as mortgage and utilities must come out of that account.  I'm currently lobbying for hair cuts to come out of bills because it's not like I really have a choice, and I already only go 3 times per year if that.  

On vacation I lost my Chanel sunglasses that I had had for almost 10 years.  I admit I cried more than is reasonable for a pair of glasses, but I think I knew then that I would not be getting new ones for a long time.  I had wanted them since I was a teen and finally got them in my 30's.  I used to enjoy putting them on and, no matter what I was wearing, I always felt put together.  I went to the boardwalk fun center and bought 2 pairs for $14 because that's what I can afford.  Perhaps I'll call them my financial truth glasses.  

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