Keeping the Faith

iVillage Member
Registered: 10-17-2008
Keeping the Faith
Sun, 07-03-2011 - 9:00am

(If you missed it, I posted a brief introduction this morning in the section below.)

iVillage Member
Registered: 12-31-2010
Sun, 07-03-2011 - 10:50am
Good job on the goals, as I think those are most important. If you have a very clear concept of where you want to be in 5, 10, 20 years and are in agreement with your partner, it is easy to make daily decisions based upon those goals.
For instance DH and I know what our retirement looks like to us, so we do more investing in the land and cabin, where we will be hopefully in less than 15 years, as opposed to our house.
It is easy to work that second job when I could see debt going down and know my kids are getting great technical college educations at good schools (so they will be independent enough to care for themselves and their families.)
So when you are faced with choices, you know what the vision is and can make that decision much easier.
Also, only using cash makes spending less of an issue (although I still got around that for a sofa this weekend!!)
iVillage Member
Registered: 10-17-2008
Sun, 07-03-2011 - 5:16pm
I like the idea of focusing on the long term goals! I get so focused on the 'here and now' that I lose sight of why I got passionate to do this in the first place. I want to have my mortgage totally paid off in about 10 years from now. I would love to be able to travel with my kid (maybe kid(s) at that time?) since neither my husband nor I traveled with our families when we were little. I don't want to worry about paying monthly bills like my parents did, I don't want to live under the shadow of credit card debt, and I don't want to feel like we can't do anything fun because it will cripple us financially.

Right now the primary goal is freeing up cash flow so we can easily support childcare for a 2nd child in the future. I think my friends would think I had lost it if I put up a picture of a random baby on the fridge, haha!

I read your sofa post, that's too funny. We rationalized the purchase of a cheap laptop this week for $200, as I have to reboot the current one multiple times just while internet browsing or using spreadsheets. It came out of one of my sinking funds, so we had the money, but I still can't shake the guilt of spending extra this month!

I hope you enjoy the couch, the extra sleeping space will be nice when you have visitors over to your cabin! We value having a space for out of town guests since we don't live near family, and it allows them to visit with less of a financial burden. It's almost always worth it. :-)
iVillage Member
Registered: 08-24-2007
Sun, 07-03-2011 - 6:49pm

Hi Melissa and welcome to the boards!

In the beginning, I worked very hard to "reprogram" my brain.


empty purse

iVillage Member
Registered: 07-15-2003
Tue, 07-05-2011 - 8:29am

Hi Melissa! :) Your ideas are great.

Telling people in your life about your goals so they can support and encourage you is helpful. Surround yourself with positive cheerleaders who will help you on the days you feel like quitting.

Reading financial literature also helps keep me motivated.

Also, sometimes you just need a distraction! I find my brain sometimes needs a break from all the money related thinking and obsessing. Find a project or hobby you can focus some energy on (that doesn't cost money) - read some books, walk a certain number of miles around the block each week, bake cookies, start calling friends more regularly for friendly chats, do a workout video etc.


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iVillage Member
Registered: 07-24-1997
Tue, 07-05-2011 - 12:17pm

Welcome to the board Melissa!

iVillage Member
Registered: 10-01-2008
Wed, 07-06-2011 - 2:11pm
I do keep an annual and monthly budget that gives me an overall picture of my expenses. However, I have to admit that sometimes I get so tired of seeing numbers. My situation is sort of planned for me the next 2 1/2 yrs. I'm sure I'll start getting excited & more budget minded in the next two years. Sometimes I just get spreadsheet burn out....BIG time. You sound like you have things under control. Congratulations.


"Patience is the best remedy for every trouble"- Plautus

iVillage Member
Registered: 10-17-2008
Wed, 07-06-2011 - 8:59pm

Thanks everyone for all of the replies!