*sigh* Once again, money is tight
April 10, 2009 2 Comments
I had to buy Jack food today, which cost me $52 for a 30lb bag. This dog sure doesn’t eat cheap. I’m looking forward to him becoming an adult for the pure monetary benefit of his food costing less.
The moral of the story, though, is that I have $250 left in my ING account for the rest of the month. Once all my bills get paid from my BofA account I’ll be able to transfer around $75 over into the ING, but that won’t be till the last week of the month. So, I have ~$325 for the next 20 days, or approximately $16/day.
That isn’t too bad, but I will need to get Jack a Bordetella shot and Frontline flea medicine either this weekend or next, and that will be another $50. So now I’m down to around $13/day.
So, things are tight monetarily, but I think I’ll be able to persevere through this without going over budget.
I was reading No Communism, and for some reason one of his statements really hit me:
As long as you manage to save 10% of your income, I don’t give two shits what you do with the other 90% of it. You can blow it all on crack and strippers for all I care. Yeah, I’ve said it before. And I’ll say it again. It really is that simple.
And yeah, fundamentally he’s right, it doesn’t matter as long as you save 10%. He has a point. But the other part of that puzzle is that you have to be able to live within the remaining 90%, and pay off the debt you’ve incurred if you haven’t in the past been able to live within that 90%. I HAVE to pay at least $450 every month because while I was in graduate school I couldn’t/didn’t live within my 100%.
In an imaginary world that I currently don’t live in, if I did not have to pay for the “mistakes” of my past then I would most definitely be able to live very comfortably within 90% of my income.
So, really, the frugality, the meal planning, no-drive days, coupon clipping, ect isn’t just because of an insane obsession – it is to HELP us who haven’t in the past lived within our means find a way to do so.
And in reality, I’m STILL not following the 10% advice. I’m only saving 4% of my income every month. However, I’m lucky enough to have a job that pays me 10% of my income on TOP of my 100% income directly to a retirement account. (So really, I get a 110% salary, where the 10% magically disappears and I NEVER see if until I’m 65). I’d like to get myself to the 10% level, but for now, this is sufficient for my until I can pay down my credit card debt.