As much as I wish our road trips were always to exotic or adventurous locations, for the most part they seem to be visits back to where our siblings and parents live, or to visit friends that have been posted across the country. With gas prices increasing, we've shied away from taking a lot of trips for "us," and instead we tie our love for travel into knocking off visits to loved ones. (I know the "knocking off" part sounds unloving, but there's quite a few of them spread across cities, provinces and countries. We have to be deliberate to fit them all in.)
Recovering Canadian Shopaholic
My learning curve on making sense of finances
Sunday, August 21, 2011
Anatomy of a Road Trip Budget
As much as I wish our road trips were always to exotic or adventurous locations, for the most part they seem to be visits back to where our siblings and parents live, or to visit friends that have been posted across the country. With gas prices increasing, we've shied away from taking a lot of trips for "us," and instead we tie our love for travel into knocking off visits to loved ones. (I know the "knocking off" part sounds unloving, but there's quite a few of them spread across cities, provinces and countries. We have to be deliberate to fit them all in.)
Saturday, August 13, 2011
Just visiting
Friday, August 12, 2011
How we keep all these kids in clothes without losing our shirts: Part 2
Lindsey continues her series on affording to live on a single income with a full brood of little ones. Some of her do-nots surprised me.
Her conclusion is the epitome of "the hardest simple, straightforward fact about money." So tough. So true.
Thank you Linds!
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You might not be so surprised at the tips in Part 1 of this post, as any financial website would likely give you similar advice. Surprisingly though, the money gurus suggest some things that I won’t do:
- Have a budget. I have an Excel spreadsheet that I use to keep track of our expenses month by month – more to see our progress. But I don’t allot a certain amount of money for each item. That’s very constricting and it causes me to obsess.
- Clip coupons. At least, not regularly. I don’t price match either. See point #1, the obsession part.
- Give up our lives. Entertainment is an essential part of anyone’s life, and we don’t cut it out just to save money. We do activities on the cheap (like, we don’t pay theme park admissions when we know the kids would have just as much fun at the park up the street) and dine at kids-eat-free places and go to events where admission’s free, but we do still get out quite often.
- Always pay the lowest price. I used to be that guy who would drive ten extra kilometres to save an extra fifty cents, but now I realize that my time is valuable too. I’d pay 50 cents to not have to haul three kids to another store. (The dollar value I now place on my time is what eventually stopped me from cloth diapering, too.)
- Worry. At least I try not to. I find that the more I worry about money, the more we spend. We recently had to replace the lawnmower and dishwasher, two unexpected expenses that made the bank account look kinda sad. This is where trusting God to provide for us comes in – the money is always replenished somehow and we make it through to the next month.
At the end of the day, raising a brood on a single income successfully depends on your priorities. If you want to make it work, you will do what it takes to not go into debt. It’s not always easy and sometimes I do want that cool thing that the neighbours have. But that thing hasn’t yet been worth going into debt over.
Tuesday, August 9, 2011
How we keep all these kids in clothes without losing our shirts: Part 1
How we keep all these kids in clothes without losing our shirts: Part 1
Last fall I posted here and here about ways our family saves money. Ally’s asked me for a more indepth look at what our family does do be able to support (soon-to-be) six people on one income, without going into debt.
We’re a military family and my husband is the sole breadwinner in the house. Our kids are 4, 2 and 13 months, and Numero Quattro will be making her arrival in October. (Yes, I’m busy.) Before we even married we discussed that I’d do the SAHM thing – it’s very important to us to raise our own kids. And we really couldn’t afford childcare for four of them anyway.
We’re completely debt-free and I’m pretty proud of that – particularly because when we married we were swimming in it. We both had student loans and hubs had a car payment, to the tune of over $25K owing altogether. I didn’t sleep well at night.
Two deployments (which bring in extra cash) and a tight fist around the purse strings is what got us into the black, even amid a stack of babies. Here’s how we do it:
“Bring all the tithes into the storehouse so there will be enough food in my Temple. If you do,” says the Lord, “I will open the windows of heaven for you. I will pour out a blessing so great you won’t have enough room to take it in! Try it! Put me to the test!”
Basically, we only spend money where we have to. The first step in balancing a budget between six people is to clearly differentiate between needs and wants, and divide the fun money equally between us all.
Check back for the second part of this post, where I will share the top 5 expert-recommended things I won’t do when it comes to handling our big family’s finances.