We continue to stick to our good-money-habit of saving 10% of Every amount of money that comes to us – earned, found, gifted … It’s not really adding up these days though:(( The house renovations eat it almost as quickly as we put it in savings. There’s just no other ‘jar’ to pay the renos from.
Scary doesn’t begin to cover the stress. We really love having a stash of cash. So, the plan needed revamping.
This year we’re spending more time on business than we have in each of the past 3 years and, therefore, less time on the renos. UG! I really want the house to finally arrive at a state that it is at least somewhat presentable ‘to the public’ – needed to begin to build a client base, have my studio be able to house workshops, meetups, and tinker space for my cowboy-inventor … However, we prefer being able to pay bills with ease and the delight of seeing our savings grow. Progress on the house will have to be even slower for the time being. Patience girl! 3 weeks ago
Unexpectedly got $1328.00 returned to us, this morning, from a loan made last year. It was supposed to return in a few months. And when it didn’t and many moons passed with no mention of the loan, it seemed that the loan had gone bad. Good news. Glad we continued to have faith in the loaner:)
So in keeping with the rule – ‘10% from every bit of money that comes into our hands’ goes to our 10% account. Another $13.28 into the ‘pay ourselves first’ bucket:) 23 months ago
It is soooooooo tough taking that 10% off the top of our income these days. With the renovations stacking up the bills – every single day, a person has to really stare down one’s inner (and outer) critics to stay sane and committed to the task.
We hear ourselves complain “we can’t save … right now”; “we’ll catch-up next month”; “we’ve done good in the past, a few months of wiggle room won’t hurt!” This is the slipperiest of slopes. Faking ourselves out, telling ourselves half truths, whining, almost forgetting that it is MUCH more difficult to get started or restarted than it is to stay consistent … is the proverbial ‘good intention … road to hell’ path.
The consistency of 10% from Every, single dollar (business income; pay cheque; birthday money; found money; bonus money; tax credits; refunds … all of it) is the only way! 23 months ago
Getting our businesses and lives turned in the new direction of totally electronic and part of each year in both the east and the west has been / is being a huge, massive, tension-filled undertaking that has / is messing with every aspect of our lives – including our ‘pay yourself (10%) first’ rule.
It all fell apart for quite a few months and we were all about wanting to catch-up, but not being able / willing to do what was necessary to actually do it. However, as of a couple of days ago, we’ve gotten our finances sorted out!!! yeah! And we’ve gotten all caught up with where our savings ought to have been:))
We’re close to the line, because of the (dream) house renovations. But we’re Not as money-frantic as we would be if we didn’t have savings. Its good. 1 year ago