I’ve decided to talk about a different kind of green today, money! Recently we were hit hard by the IRS and by an out of network medical expense, so budgeting has constantly been on my mind. We are trying to get these bills paid as quickly as possible, even though that is going to take a while. The IRS interest rate is not friendly! And even though you are not penalized for not paying a medical bill late, I hate the idea of trying for another child knowing that I still owe the health insurance company money. Finances can be stressful and that’s understandable. My husband and I came up with this plan right before taxes were due and so far, so good, we have been able to stick to it.
First we decided to cancel everything we could live without. So we canceled our home phone, internet, cable, blockbuster rewards program, and our lawn service. (Our next door neighbor did our lawn for $40 a month, and he even trimmed hedges and bagged leaves!) Anyway, we are also cutting back on our trips out of the house, trying to make it with a maximum of two gas fill ups a month. I am not going to the farmer’s market anymore. That was in downtown Dallas and the gas costs along with what I spent every time I went is no longer within our budget. Now I only take the van out once a week, unless something comes up. Every Wednesday I take Taylor to story time at the library. That’s our out on the town in the van time. And while we are there it acts as our free/on loan shopping time in a way too. We pick up books and videos/dvds for her to watch and occasionally for ourselves (not a good adult selection). Now, when we go grocery shopping (unless weather doesn’t permit) we walk. It’s actually not bad. I rather enjoy it. I am waiting for our next visit to the zoo, I have rode on the public transportation trains here, but not the buses, so I’m excited and nervous all at the same time about that next trip. We have a bus stop not far from our home, and the bus will take us to the train to get to the zoo. I just need to print out the bus schedule and keep it with me!!!
The other thing we have done is learn to budget our money. We have allotted ourselves $92.30 per week. That totals to $400/month for the year. This fund is for everything other than utilities, student loans and gas. Which means groceries, shopping, entertainment, prescriptions, food, etc. all falls under this umbrella. If it’s a normal week with nothing special going on, it’s not hard at all. If it’s a week like last week where you have Administrative Professionals Day and you want to take your secretary out to eat for lunch and buy her flowers, it’s a little harder. Yes, we eat cheaper food now, which isn’t always as healthy. I eat a ton of peanut butter and jelly sandwiches on plain white bread. And I have discovered my daughter loves Ramen noodles. But we aren’t depriving ourselves of anything and we can still afford her favorite meal of the week: mac ‘n cheese with fish sticks….mmmm. We are making it.
As for entertainment, like I said, for our daughter we pick up books and videos at the library. It’s free and there is a good selection in the kids department. For us, we either download free episodes online at work of shows we like and watch them at home (you can even hook your laptop up to the tv and the show comes through on your tv). And we haven’t tried this yet, but our grocery store has a $1 movie rental machine. You put in your debt/credit card and select the movie you want. It’s like a vending machine for movies. As long as you return it the next day, it only cost you $1. It’s basically $1 a day that you keep the movie. It’s cheaper than a movie rental store, so we’re planning on giving it a try.
We’re also watching what we are doing around the house. I don’t wash laundry unless I have a full load. We have yet to turn on our air conditioner or heater since we begun. (I don’t know when that will change, depends on how hot the house gets). We pack the dishwasher full before turning it on (dishwashers save water and energy verses hand washing). And we have our large electrical appliances on power strips which we turn off each night before we go to bed. It is helping that we use vinegar and baking soda based cleaners around the house and in the laundry room since they work and are so cheap. And the cloth diapers and wipes are a life saver. We are trying to cut down on our spending every way possible.
At the end of the month, after paying utilities and student loans, we take the rest of the money that is left over and give it to the IRS. (I think my husband figured out that our total tax money would pay for 1.5 seconds of the war.) But as soon as we can get this paid off, the better I will feel. Yet, I honestly don’t know if I can get to a real feel good point. Because all I will be able to think about is that we are accumulating debt for this upcoming year as well. Why must some churches classify their minister’s as self-employed? It’s just messing us up! And it also makes me think that we’re never going to be able to afford to have another child. I’m OK having finances control what I eat or where I shop for things, but to allow finances to control the outcome of family members? I don’t think that’s right. If we want another child, we shouldn’t have to feel like this. Our society is messed up, but that’s another post…
Well, that’s our budget. I know some of you might be going through similar experiences and I just wanted to share our experience with you. If anyone has any really cool tips or advice I’d love to hear it. Have a good week everyone!