The Crock Pot Versus the Microwave

Savings, October 2012 – January 2013: $18,402.33

Average savings per month: $4,600.58

Savings goal per month: $5,400.00

Missed goal: $3,197.68

Accounting for missed goal: unforeseen vet bills, insurance premiums, holiday travel

Accountability is key when you’re getting out of debt.  So, for the past few months I’ve been tracking our debt snowball goals versus our actual savings.  For the months of October 2012 through January 2013, we have saved $18,402.58.  That seems like a lot, but our goal had been more.  We missed the mark by about $3,200.  Ouch!  Here’s what happened, judging by our bank statements.

The Question of Why

One woman paid off Christmas layaway accounts for complete strangers.  What would you do if you had money instead of debt?

Getting out of debt is hard.  If it were easy, everyone would do it.  When my husband and I first started following the Dave Ramsey plan, I often heard him say that knowing whyyou’re getting out of debt is important.  I didn’t fully understand what he meant until recently.  For the first year that we followed the debt snowball plan, my husband and I were paying off debt to gain some peace and simplicity in our lives.  We didn’t really articulate this out loud to each other; it was more of a quiet understanding.  

The Thing That Couldn’t Die, Part 3: “I’m So Bored!”

Lindsay Lohan, in a still from Liz and Dick

When we first decided to get out of debt, I thought the hardest part would be finding enough extra money in the budget to actually put a dent in our student loans.  We always seemed to just break even with our income and expenditures, so I figured it was going to be tough finding more than maybe one or two hundred dollars to spare at the end of each month.  That certainly wasn’t going to get us out of $100K in student loan debt any time soon.

It turns out that finding extra money wasn’t that difficult.  Once we drew up our budget, got on the envelope system, and cut out most unnecessary spending, we found plenty of money to roll into our debt snowball.  When we paid off our car in only a few months, I felt like we were really on a roll.  And then, as we got to the bigger loans, the ones that were going to take more than just a few months to pay off, I realized I had been completely wrong about why getting out of debt is so difficult.  

It’s not the money.  It’s the sheer, unadulterated boredom.

The Pizza Diaries, Part 8: Auld Lang Sigh

Photo courtesy of stockfreeimages.com

In the world of pizza delivery, the holidays are a time of great generosity.  Deliveries are plentiful; tips, abundant.  Because of all the extra money I was earning, the temptation to overspend reared its ugly little head sometime in late December.  I had to constantly remind myself that all my tips were going toward my student loans.  

A little background: I love the holidays.  Some of my best childhood memories revolve around the period between Halloween and New Year’s.  I grew up in Chicago, and every Christmas, my family would go to my grandmother’s brick two-flat on the south side.  She always put up a small artificial tree on an end table between two lazy boy chairs.  One of the chairs had belonged to my grandfather, who died when I was two or three.  Blue lights and a few hand-made ornaments sparkled on the branches.  One year, my oldest sister couldn’t resist peeking at the presents that were stacked underneath the tree and around the end table.  She had been wanting Michael Jackson’s Bad album, and one of her presents was shaped suspiciously like a 33.  I remember feeling probably as excited as she did, eagerly anticipating the moment when she could finally unwrap it all the way and make things official.  The thing about growing up poor is that the holidays are the one time of year when it’s ok to fantasize about material riches.  It’s ok because you’re not asking your parents to provide you with the impractical; you’re asking Santa Claus.

Any Given Sunday

I just tallied up the total extra income I earned last month from my second job.  A little over $800.  It’s not quite as much as I made delivering pizzas, but it will do.  The nature of my current moonlighting gig is much different than my pizzeria job.  With this new gig, I can mostly work from home and I charge a much higher hourly rate than I earned delivering pizzas.  But I work fewer hours, and I do not have a steady stream of work, so I have to deal more with monthly income fluctuations.  Since I work full-time during the week, I tend to complete the projects for my second job at night and on weekends.

In some ways, it’s harder than delivering pizzas. 

When I delivered pizza, I had a definite schedule, and therefore, I did not need to give myself a pep talk or find the motivation to do my work.  I simply went to work.  Now, I have the option to procrastinate on projects since I don’t have anyone looking over my shoulder.  My only responsibility is to get things done by their due dates.  How and when I accomplish this is entirely up to me. 

Now I am sitting here with two projects hanging over my head.  Both are due tomorrow and it will likely take about four hours total to complete them.  If I start now, I can be done while there is still daylight.  But finding the motivation to work on Sunday is kind of like watching PBS NewsHour.  I know it will make me a better person in the end, but I can think of a million better things I’d rather be doing.  

Music tends to motivate me, so what I’ve done is compile a playlist of songs about work.  Some of them (ok, most) have pretty bleak lyrics, but they’re still motivating because they’re catchy, honest, and written about people who probably have it a helluva lot worse than I do.  Here they are, enjoy!

Sixteen Tons by Tennessee Ernie Ford

She Works Hard for the Money by Donna Summer

9 to 5 by Dolly Parton

Working for the Man by Roy Orbison

Dirty Deeds Done Dirt Cheap by AC/DC (ok this one’s about a different sort of work, but I still like it)

Manic Monday by the Bangles

Take This Job and Shove It by Johnny Paycheck

Day Job by Oblivion

Daysleeper by R.E.M.