I told Ted the other day that our family needs a spontaneity jar in our household weekly budget. He said if we had one it would have to be named the "perpetually empty" jar. And in our household, it's true. I love being spontaneous, and making fun plans when I get the chance. Luckily I am married to someone who balances that out a bit, someone who's grounded, and who enjoys having and making a plan.
This past weekend we had a barbecue to say "bye for now" to the friends we are leaving behind when we move. I had been thinking about hosting some people for a while, but wasn't sure what the right time was, or the right kind of event. I visited a friend at work, and brought the idea up with him, and it just took off. I set a date, started inviting people, was happily planning the menu and THEN remembered to tell my husband. It was at that point that my husband brought up one of the more mundane planning details, "Soooo, where is the money for this event actually going to be coming from?" Right. What a buzzkill. Valid, valid buzzkill. He knew I definitely had our budget for the next few weeks very much tied up already. We were hosting some friends for a few days, we had groceries to buy and cars to fill up, and there are so many little things that need to be bought in connection to the move that I had no real flex.
I needed to be reminded that plans require plans. So we sat down and had a spontaneous budget meeting. Not nearly as much fun as a barbecue. I presented my case that hosting people is important, and that taking the time to say goodbye and thanks for the friendship is important. Ted replied that he agreed with that sentiment entirely, but an event like this shouldn't be drawn from our grocery budget, because it's not groceries we're buying, it's event food. Ted helpfully suggested a compromise. What if my future personal spending money (allowance) was garnished, to pay for the spontaneous plans I had made? (In our household we decided to give ourselves personal spending allowances rather than having an entertainment budget for the household. Once our family is a bit bigger and have kids that are a little older we'll probably reconsider the need for an entertainment jar.)
We were both so happy with this compromise. The big deal for me was getting the chance to have our goodbyes here, to spend a little to get a lot back. Having personal spending money once we've moved is not as important to me as it is here. We compromised. We made a plan we could both live with. We didn't have to compromise our weekly cash budget. This whole experience made me look forward to the Monthly Money Meetings we'll be starting in the new house, so we can do productive communicating like this more often. And hopefully we'll still have flexibility for some fun in there too.
Sunday, July 25, 2010
Planned Spontaneity
Friday, July 16, 2010
Our Grocery List
I've had a couple requests for a template of our shopping list/meal plan. On this list are foods we generally buy, some we get once every few months as a treat (bologna, appetizers) some are staples in our household. (SB chicken breast, bananas, cheese)
I tried very hard to get a copy of the file onto this post and it didn't work for me-so if you have the desire to make your own or edit mine let me know and I will send you the excel file!
I tried very hard to get a copy of the file onto this post and it didn't work for me-so if you have the desire to make your own or edit mine let me know and I will send you the excel file!
Tuesday, July 13, 2010
Canadian Coupon Websites
Just wanted to let everyone know the websites our family uses for coupons.
save.ca
brandsaver.ca
These websites do NOT require a printer. Browse your coupons, pick which ones you want, and hit send. They will mail you your coupons within 5-10 business days. These coupons are for products I use regularly like Head and Shoulders, Pampers, So Good, and a ton more. Save a few bucks at the store next shop-give them a try!
Monthly Money Meetings
Sometimes in our family we get into a negative routine where we only discuss money when one of us has an issue with it. Hubby thinks we're not saving enough. I think we're not living enough. Our priorities get out of sync. We'll then sit down and discuss our finances. Usually in this situation one of us is starting in a bit of a funk, and while we don't let the discussion end until we're on a positive note, it's sometimes a painful road to get there.
My friend told me that her and her husband have monthly money meetings, where they sit down and discuss the month they've had and look forward to what's in the future. I immediately asked myself why on earth we didn't think to implement this for ourselves. I was struck with how positive it would be preparing for this discussion, coming together as a team to reconstitute what our family's long and short term goals are. Everyone wants to live debt free, but it's something so much easier said than done. Taking the time to sit down month to month and say "this is what we need to do this month to be on our way financially" will help make it possible.
I presented this idea to Ted, and we both agreed it's something we want to do. Our family having a monthly financial meeting means we will plan better. We'll have a forum in which to defend our positions, convince the other person, and listen to the other side of the coin. In the old method of a heated discussion, I would turn to my spouse and say "We never do anything fun, I want us to travel more." In the new forum, I get to say, "Here is some flex in our budget, or here is what I'm willing to cut for X amount of months in order to pay for a vacation as a family." We'll have a chance to reaffirm what we are working towards, and re-evaluate our priorities moving forwards.
First meeting will be in our new home-I'll be sure to update how it went and what we covered.
My friend told me that her and her husband have monthly money meetings, where they sit down and discuss the month they've had and look forward to what's in the future. I immediately asked myself why on earth we didn't think to implement this for ourselves. I was struck with how positive it would be preparing for this discussion, coming together as a team to reconstitute what our family's long and short term goals are. Everyone wants to live debt free, but it's something so much easier said than done. Taking the time to sit down month to month and say "this is what we need to do this month to be on our way financially" will help make it possible.
I presented this idea to Ted, and we both agreed it's something we want to do. Our family having a monthly financial meeting means we will plan better. We'll have a forum in which to defend our positions, convince the other person, and listen to the other side of the coin. In the old method of a heated discussion, I would turn to my spouse and say "We never do anything fun, I want us to travel more." In the new forum, I get to say, "Here is some flex in our budget, or here is what I'm willing to cut for X amount of months in order to pay for a vacation as a family." We'll have a chance to reaffirm what we are working towards, and re-evaluate our priorities moving forwards.
First meeting will be in our new home-I'll be sure to update how it went and what we covered.
Wednesday, June 9, 2010
Prioritizing Spending
Ted and I were in a wedding together last August. It was in Ottawa, and seeing as we live in New Brunswick, we had a lot of time to talk on the way there as well as the way back. I'd say this drive was a pretty pivotal point in terms of our relationship and how we see finances. It was after this drive that we implemented a weekly spending budget, and set up our allowance jars.
Weddings are expensive. We had spent quite a bit on the clothes, meals, getting there and all those other incidentals that add up. On the way back we got on the topic of saving for a house, and how we were going to have to change some habits to put save the kind of down payment we both wanted to make. Inside I was cringing at the though of tightening our belts, and on the outside I was...well pretty obviously upset too. My fear was that we were going to put our life into saving, and not LIVE in the time between then and buying a house.
When Ted puts his head into something, he goes for it very intently. He gives it 100%. I was afraid that saving would become all he was focused on, that numbers in the bank account would be put ahead of having new experiences, of doing things as a couple, and making memories together. But, I know myself, and if I were left handle our family finances alone I would swing too far the other way, and put most of our focus on living, rather than looking ahead to the future. I guess that's where a team mentality comes in. The next week we sat down together, multiple times, and worked out our incomes and expenses. We cut out a couple of things that I struggled to let go of, like a trip to Ontario after our son was born, but Ted gave some ground as well, and let us keep our babymoon before our son was born, and our trip to see my Mom after he was. Letting go of that Ontario trip was so hard for me at the time, but it worked out so well, my brother and sister in law and his parents came to see us at our home instead, and we didn't have to worry about packing up a one and a half year old and travelling with him.
We set aside a large chunk of our variable budget towards house savings, and that sacrifice means that we will have a manageable mortgage payment each month, and therefore we'll be able to have experiences when we are in our house. We were able to look at houses that were a little higher priced, and ended up finding the perfect house for us, the house that was meant to be OUR house. Compromising then meant having more later.
The lesson that I took out from all our struggle to find balance is that delayed gratification really does pay off. The things sacrificed by us, like dinners out, new clothes, and trips, means that our quality of life will be higher going forward. I still need to remind myself often, that we can find things at home for free to enjoy, that stuff is just stuff, and things don't make me happy. I still need to remind Ted that sometimes we have to let loose a little, to make the decision together that we will spoil ourselves, that saving will always be there, but experiences as a family at this stage won't be. It's a work in progress.
Weddings are expensive. We had spent quite a bit on the clothes, meals, getting there and all those other incidentals that add up. On the way back we got on the topic of saving for a house, and how we were going to have to change some habits to put save the kind of down payment we both wanted to make. Inside I was cringing at the though of tightening our belts, and on the outside I was...well pretty obviously upset too. My fear was that we were going to put our life into saving, and not LIVE in the time between then and buying a house.
When Ted puts his head into something, he goes for it very intently. He gives it 100%. I was afraid that saving would become all he was focused on, that numbers in the bank account would be put ahead of having new experiences, of doing things as a couple, and making memories together. But, I know myself, and if I were left handle our family finances alone I would swing too far the other way, and put most of our focus on living, rather than looking ahead to the future. I guess that's where a team mentality comes in. The next week we sat down together, multiple times, and worked out our incomes and expenses. We cut out a couple of things that I struggled to let go of, like a trip to Ontario after our son was born, but Ted gave some ground as well, and let us keep our babymoon before our son was born, and our trip to see my Mom after he was. Letting go of that Ontario trip was so hard for me at the time, but it worked out so well, my brother and sister in law and his parents came to see us at our home instead, and we didn't have to worry about packing up a one and a half year old and travelling with him.
We set aside a large chunk of our variable budget towards house savings, and that sacrifice means that we will have a manageable mortgage payment each month, and therefore we'll be able to have experiences when we are in our house. We were able to look at houses that were a little higher priced, and ended up finding the perfect house for us, the house that was meant to be OUR house. Compromising then meant having more later.
The lesson that I took out from all our struggle to find balance is that delayed gratification really does pay off. The things sacrificed by us, like dinners out, new clothes, and trips, means that our quality of life will be higher going forward. I still need to remind myself often, that we can find things at home for free to enjoy, that stuff is just stuff, and things don't make me happy. I still need to remind Ted that sometimes we have to let loose a little, to make the decision together that we will spoil ourselves, that saving will always be there, but experiences as a family at this stage won't be. It's a work in progress.
Wednesday, May 26, 2010
Organizing Meals
In our household, I've found the way we spend money on what we put into our mouths reflects how we spend in other aspects of our lives. When we first got married, our meals were rushed, disorganized, and not planned out. As we got settled into our daily routines of marriage, I decided I really wanted to make a plan for our suppers. I hoped that if I invested a little bit more time into what we ate, I'd lose at least a little of the stress associated.
I was so pleased to find that is EXACTLY the way it worked out. I went from getting home after work and immediately stressing about what was for dinner, to knowing what we were going to make, what goes into it, and having all the ingredients needed on hand. Of course, exceptions were made, when I was pregnant I was an extremely moody eater, and had sudden aversions to foods I previously enjoyed (bacon), but for the most part, I find a meal plan pretty easy to stick to.
When you're planning your meals at the beginning of each week, that means your grocery shops will be planned. Which means you know pretty much exactly what you're going to spend. This change virtually eliminated impulse shopping for us. If it's not on the list, we don't buy it, and if we left it off the list, it was probably for a good reason. We don't just shop smarter, we shop HEALTHIER now, and we generally only shop once a week.
Ted, being Ted, took things up a notch and made me an excel spreadsheet of all the foods we usually buy, divided into sections of the grocery store, with the days of the week typed out at the bottom. I can write down lunches and dinners for the whole week, then after our shop post the whole thing on the fridge. Things like cookies, baked goods, and pizza pockets don't exist on the spreadsheet, so they don't make it into the cart.
I found that being organized with making a meal plan and a grocery list was a first step to financial organization. It's a small and really important way of being responsible with the things you've been entrusted with. It was a great lesson that sometimes one small change can lead to a whole bunch of other small changes, that turn into a bigger picture kind of change.
I was so pleased to find that is EXACTLY the way it worked out. I went from getting home after work and immediately stressing about what was for dinner, to knowing what we were going to make, what goes into it, and having all the ingredients needed on hand. Of course, exceptions were made, when I was pregnant I was an extremely moody eater, and had sudden aversions to foods I previously enjoyed (bacon), but for the most part, I find a meal plan pretty easy to stick to.
When you're planning your meals at the beginning of each week, that means your grocery shops will be planned. Which means you know pretty much exactly what you're going to spend. This change virtually eliminated impulse shopping for us. If it's not on the list, we don't buy it, and if we left it off the list, it was probably for a good reason. We don't just shop smarter, we shop HEALTHIER now, and we generally only shop once a week.
Ted, being Ted, took things up a notch and made me an excel spreadsheet of all the foods we usually buy, divided into sections of the grocery store, with the days of the week typed out at the bottom. I can write down lunches and dinners for the whole week, then after our shop post the whole thing on the fridge. Things like cookies, baked goods, and pizza pockets don't exist on the spreadsheet, so they don't make it into the cart.
I found that being organized with making a meal plan and a grocery list was a first step to financial organization. It's a small and really important way of being responsible with the things you've been entrusted with. It was a great lesson that sometimes one small change can lead to a whole bunch of other small changes, that turn into a bigger picture kind of change.
Monday, May 24, 2010
Taking the Lead
I mentioned in my last post that I had a great, honest, open discussion with my sisters about finances. One element of this conversation that really stuck out to me was who takes the lead in the family in dealing with the money. There are a few factors in making that decision, and many different ways to make taking the lead work for your family.
Sometimes, people are just numbers people. My brother is one of them. He sees numbers everywhere. He can recall to the day how long he's been married, he does math off the top of his head, he is continuously amazing me with his mad skills. My husband is similar, he just gets along well with numbers. They play nicely together. Finances in the same way make sense to him. He's a natural saver, a planner, and a researcher. He makes wise decisions with his money. He was the hands-down logical choice to make decisions in regards to our family's finances. He does, however, require some balance.
Being a natural saver, his instinct is to save. And granted, most of the time when he says "we can do without" he's right. I naturally have "Attention Deficit...'Ohhhh Shiny!'" This sometimes gets the best of me, as was definitely the case when we first got married, and we had barely enough furniture to sparsely furnish our 2 bedroom townhouse. I definitely required lots of leading and coaching from him when it came to spending wisely and prioritising responsibly. He, on the flip side, needed coaching when we actually had to spend. In the weeks leading up to our marriage he tried many times convincing me that we in fact did not need a couch. At all. It took a few weeks of death stares in our empty living room before he actually caved. When it came to having a baby, we approached getting the gear with a bit more balance. We priced out all the gear we were going to need, shared the list with family and friends, and then prioritized on all the leftover items that weren't gifted to us.
We have now settled down into where we are both comfortable leading, and that's with our strengths. Ted is our financial leader. He manages our day to day finances like bill payments, as well as our long term goals like savings and a down payment. I take the lead when it comes to our expenditures. Being the person spending more time in the house, I know when things need to be updates or replaced. I know when our son has outgrown something, or when something in our kitchen is worn beyond repair. I also know when we need to loosen the purse strings a little for the sake of our family. When saving has gone a little far and a vacation has become necessary.
This is a system that works really well for our family, but it took us a while to get here. Have you found a system that works for your family? Are you still breaking one in? A good question to get started with is asking your spouse what role they think they play in the finances, and also what role they think you play.
Sometimes, people are just numbers people. My brother is one of them. He sees numbers everywhere. He can recall to the day how long he's been married, he does math off the top of his head, he is continuously amazing me with his mad skills. My husband is similar, he just gets along well with numbers. They play nicely together. Finances in the same way make sense to him. He's a natural saver, a planner, and a researcher. He makes wise decisions with his money. He was the hands-down logical choice to make decisions in regards to our family's finances. He does, however, require some balance.
Being a natural saver, his instinct is to save. And granted, most of the time when he says "we can do without" he's right. I naturally have "Attention Deficit...'Ohhhh Shiny!'" This sometimes gets the best of me, as was definitely the case when we first got married, and we had barely enough furniture to sparsely furnish our 2 bedroom townhouse. I definitely required lots of leading and coaching from him when it came to spending wisely and prioritising responsibly. He, on the flip side, needed coaching when we actually had to spend. In the weeks leading up to our marriage he tried many times convincing me that we in fact did not need a couch. At all. It took a few weeks of death stares in our empty living room before he actually caved. When it came to having a baby, we approached getting the gear with a bit more balance. We priced out all the gear we were going to need, shared the list with family and friends, and then prioritized on all the leftover items that weren't gifted to us.
We have now settled down into where we are both comfortable leading, and that's with our strengths. Ted is our financial leader. He manages our day to day finances like bill payments, as well as our long term goals like savings and a down payment. I take the lead when it comes to our expenditures. Being the person spending more time in the house, I know when things need to be updates or replaced. I know when our son has outgrown something, or when something in our kitchen is worn beyond repair. I also know when we need to loosen the purse strings a little for the sake of our family. When saving has gone a little far and a vacation has become necessary.
This is a system that works really well for our family, but it took us a while to get here. Have you found a system that works for your family? Are you still breaking one in? A good question to get started with is asking your spouse what role they think they play in the finances, and also what role they think you play.
Subscribe to:
Posts (Atom)