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Archive for January, 2011

The Dreaded Chore!

January 11th, 2011 at 06:10 am

OK, we all have that one dreaded chore that we really really dislike. Hate is such an extreme word, but for me, it's grocery shopping! Yes, I hate it. I don't really know why, but I do. I used to observe people blissfully going up and down each isle with their coupons and calculators and store ads, and wonder why they seemed so happy? What was the secret that I was missing? When I was married, my husband would do most of the grocery shopping and I would do most of the cooking. It worked for us.

Now, I cannot avoid it. When it was just me, I could do quick stops, just get the essentials (mindless shopping) and get out! But now, my mom lives with me, and I am shopping for two and need to add this chore to my more "mindful" list. Plus, mindless grocery shopping gets expensive.

My mom has turned into my secret weapon so to speak when it comes to this chore. She LOVES coupon clipping, list making, deal hunting and meal planning! So now, I leave the house once a week armed with my list and coupons, and I found a great time to go when the store seems less crowded.

I can't say that I am loving it, but I don't dread it as much anymore and I do enjoy seeing how much money we are saving each week, now that my grocery shopping has become more organized and mindful! Maybe that was the secret...all those shoppers were smiling thinking about all the money they were saving!

Moving from "mindless" to "mindful"

January 7th, 2011 at 07:31 am

Today is payday! I paid my bills and had one thousand dollars to "save". So, rather mindlessly I just transferred that money into my savings account. Great! But it seemed kind of mindless, and easy, and safe. But..as I mentioned before I am not a risk taker at all with my money. So it makes sense that I would just plop it into savings.

My two main financial goals are to pay off my house in 5-6 years and to save for retirement. I want to do both of these things in the safest way possible, so I am trying to figure out the best way to maximize my money without risking it. Because I haven't quite figured it out yet, I am not ready to leap into something.

I am considering: Paying extra each month on my mortgage. I have a really low interest rate (4.25%).So is it best to put extra money on the payment each month, or just continue to save the money and when I have enough saved just pay the mortgage off in one lump sum? or, do some of both? I just like the sense of security I get knowing I have that money in the bank should I need it.

Decisions, Decisions!

Well, I am rambling...if you read all this thanks for sticking with it and have a great weekend!

Taking a Hard Look at My Life

January 6th, 2011 at 12:03 pm

1/6/2011

So I am fifty years old, divorced, and taking stock! There are so many things that I want to focus on, with the big ones being improving my health and my finances. I am employed full time, own my home (not outright yet) have my 84 year old mom living with me and trying to plan for the future.

I am risk averse when it comes to saving money, so lately I have just been socking money away in my savings account which is currently at just over $34,000. I owe $130,000 on my home and would like to pay it off within the next 5-6 years. I only have about $50,000 saved for retirement. I have no other debt, car is payed for and no credit card debt. I think my money philosophy has been shaping up more as a "pay off all debt" type then the "heavy investor" type. It gives me a great piece of mind to think of having my home fully paid for by the time I am 55 or 56 years old.

On the health front, I have been experiencing a few problems with my back, need to lose weight and get more active.

I believe that physical, mental, and fiscal health are all intertwined, and this seemed like a good place to blog about these connections. I enjoy reading other's blogs, what seem to be random musings are very enjoyable to read!

So that's it for my first entry, just my brief "story" with more to come.