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The Good and the Bad

June 1st, 2010 at 03:55 pm

I've been visiting this site for some time now, and decided it was finally time to join in with my own story.

I'll start with the good news first. After years of having a very modest income and scrimping and saving every penny, my husband and I finally got ahead in our careers. Because of this we have no debt. We've paid off the mortgage, the cars, and the credit cards.

The bad news is... once we could stop worrying about money, that's exactly what we did...stopped worrying about money. For the last two years we've spent a huge amount of money on things we didn't need and we've accumulated a lot of junk. At the same time we've neglected to buy the things we actually did need (like new gutters). It's hard to admit I've become such a wasteful spender, because for most of my life that hasn't been the case.

I was watching "Till Debt do us Part" this weekend, and got the idea to make an inventory of our belongings and figure out what our actual needs are vs. our wants. I've already started with the kids rooms. That's an eye opener. A 7 year old does not need 8 baseball hats. Today I am taking 4 large bags to the Goodwill. There will be a lot more to come.

I plan on sharing my progress here. My goal is to streamline our home, our grocery shopping, and our day to day life. I also plan on tracking the money we save, and putting it towards something important (like college educations).

Posted in Saving Money | 7 Comments »

7 Responses to “The Good and the Bad”

  1. creditcardfree Says:
    June 1st, 2010 at 04:24 pm 1275409491
    1275409491

    Welcome! I look forward to reading your blog.

  2. scottish girl Says:
    June 1st, 2010 at 05:28 pm 1275413325
    1275413325

    Welcome! Smile

  3. Drowning in Debt Says:
    June 1st, 2010 at 09:03 pm 1275426230
    1275426230

    Welcome!

  4. whitestripe Says:
    June 2nd, 2010 at 12:12 am 1275437527
    1275437527

    you could try selling a lot of stuff first, on ebay or through the paper, or hold a garage sale. you could call it your 'gutter fund' Smile no doubt there will be stuff left over, there always is, and you could take that to goodwill.

  5. TheSimpleLife Says:
    June 2nd, 2010 at 01:43 am 1275442994
    1275442994

    I have listed a few things for sell on ebay. I like the idea of directly making the money for household repairs by selling what we have. We're not really in an ideal neighborhood for a garage sale, but I am hopeful I will have some luck selling a few things on-line. Thanks for the suggestion!

  6. Looking Forward Says:
    June 2nd, 2010 at 03:50 am 1275450628
    1275450628

    Welcome! It feels good to take the "plunge" and blog here.

  7. Ima saver Says:
    June 4th, 2010 at 07:40 pm 1275680420
    1275680420

    Welcome, glad you have joined us!

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