I feel like it's been a long time since I really used my blog for more personal blogging. I share photos, things I do, etc, but rarely talk about things on a deeper level - and that used to be ALL I used it for! I really want to get back to sharing more, as well as blogging more frequently... not just the "highlights."
Anyway I guess now is as good of a time as any, right? I wanted to share something that came up today that was really awesome.
Ian got this awesome camera strap for his camera and he was showing it to me. It's so nice because it keeps the camera at your hip and also stores a few things in it. I got a little sad because I don't have an SLR camera of my own yet... I want one just like his. Between the camera body and the 18-270 lens, I need around $1,400 to get it. I have to save up before I can do that... and I think I will ask for money toward that at Christmas and birthday time (May) so that I can get a camera before next summer. In the meantime I just need to share his and keep learning... but since we love to go out taking photos TOGETHER, it is kind of hard to share, which of course is why I want my own. Anyway, we started somehow talking about finances and savings because of this.
We just managed a big milestone - we sent off a check to pay off a $3,200 furniture bill from when we bought new furniture early last year. We got one of those 2 years no interest deals, so we had to pay it off before Jan 2011 to avoid the interest. Well it wasn't until the past 6 months we really started focusing on paying that off. At that point we had $400 set aside, and we managed to get to 3,200 in 6 months. So that's 2,800 in 6 months or nearly $500/month. I am impressed with us!!! It felt SO GOOD to pay that off - especially considering what we saw on the current statement. "Deferred interest to date: $1,750"... so great to be saving that and actually managing to pay it off before the interest set in.
Next we have to pay off the Time Capsule we bought (a hard drive/wireless storage/backup device made by apple which backs up all the data from our computers and external hard drives)... which at the rate of how we've been able to put money aside should only take 1-2 months.
Anyway today we were talking about all of this stuff and about how there are so many TOYS we want. Ian and I are both really into gadgets, electronics, etc. Anything with an on/off switch is probably something we want to buy. Cameras and computers or computer-related stuff are top wants. But there are also a lot of other big items on our wishlist in the next few years. A camera is a TOP thing for me because I finally feel ready to tackle an SLR, and I want a Nikon D5000 like his (or if something else comes out by the time I save up for one, I might get that.)
The other really pricey thing we have been wanting is a Toyota Land Cruiser. Not a new one by any means (in fact, 1995-1996 are the years we are targeting.) The reason we want one is to join up with the club around here that goes on all the 4x4 trips. We have several good friends in the club and we went on one of the trips last year and had a fantastic time. We'd love to go on more, but now that his friend is dating my friend, they always go together and there isn't necessarily room for us to tag along. Plus we really enjoy the group and we see ourselves getting involved with it long term, getting to know everyone, having our own truck and being a part of things.
However this is pricey to get into.... we will probably need to spend $3-5K to buy the truck, and put up to 5K more into it for it to be trail ready. Then of course there is ongoing maintenance... almost every run, something is going to need to be taken care of before or after. It can be a pricey hobby.
We had been thinking that after we paid off our Time Capsule we would start saving toward a LandCruiser and MAYBE by next fall we would have enough to buy one.
So today we were talking about all of this and then I brought up an episode of Desperate Housewives I saw this past weekend. Yes believe it or not you can learn something from TV!!!
One character on the show is secretly working for a website where she cleans in her lingerie on her webcam. She is doing this to make extra money so her family can move out of their crappy apartment and back into their nice big house. She has a run in with another girl who works for this same website and they get to talking. The other girl talks about saving up to move back home. Except she has a lot of nice things... big screen TV, tons of new clothes, etc. Calls them splurges. Susan, the regular character, asks her how long she's been working for the website... SIX YEARS! So she goes home and tells her hubby... instead of going out to a nice dinner for our anniversary and having a splurge let's just order chinese and stay in. She says, let's stay focused on what we want to accomplish... and once we are able to move back home, we can go out to as many dinners as we want.
So I brought this up to Ian as something I had been pondering... how I'm afraid sometimes we are getting into that trap. We sold our house and moved into this townhouse to save money, pay down our bills, and be able to truly afford our next home. We've been saving some money yes, and we paid off this one big bill. But here we are thinking about 'saving up' for the other toys we want. Me with my camera, both of us wanting the land cruiser... not to mention that Ian's 14 year old truck could die at any point and we may need to buy a vehicle at that point. And we want to save up for more world travel as well.
We've both been forgetting why we moved here. To pay down our bills and save up for our house and our future.
Luckily we are TOTALLY on the same page and had a great conversation! We need to stay focused on paying down our bills. This way in about 3 years we will have all of our debt paid off, and have some more savings, and be able to truly afford our next house. Once we are in that house we can start saving toward all the other toys we want. And by then we will probably have a kid who wants toys of their own and of course, that will be a bigger priority in our life as well. We may even hold off on having kids until we move into a house again, but that's not quite decided yet.
It's not like I'm saying we won't be buying any gadgets at all because well, that is just part of who we are. But I think some of the big ticket items are going to be put on the backburner. I'll be focusing on paying down my bills, but I will still ask for money at Christmas and birthday to see if I can afford my camera. I am going to hopefully be able to sell more things on ebay and I can put some toward bills and some toward savings. The only way we will get a Land Cruiser before we move into a house is if Ian's truck dies, because it would be more affordable to get that instead of getting a newer (3-4 yr old) 4 Runner which is what he would like to get next. Instead we'd get the cheaper vehicle first and wait as long as we could to buy the more expensive vehicle. He could drive that as his primary vehicle for a few years.
Anyway, I feel really good after our talk and I feel like we both have the same focus now. Pay down bills and save. That doesn't mean we are going to never buy anything or be super frugal, but, definitely more savings-conscious than we have been. We don't want to be stuck here forever... it's a perfectly nice townhouse but it's not where we want to stay. And I was afraid if we kept saving up for these things we wanted, we'd never get out of here. Instead we need to put the money toward a house, and paying down our bills FIRST. Then once we are in our home, debt free (well other than the house itself of course), then we can truly be saving toward all of these other things we want. A nice international vacation can easily be $10,000.... we have no business aiming for that now while we are living in this house... those things should come later.
So now we are refocused and refreshed. We have a plan for paying off all of our debt within 3 years... and of course if my back gets better and I can work too, then we can really speed that up. Here's hoping!!!
I really rambled here but this is what was on my mind... hope someone out there finds it interesting :)