Up first is moi, Jayleen of How Do The Jones Do It. You’re next!
How Do They Do That?
Let’s explore some of the areas where choice is a factor:
1) What about retirement? Are you saving?
Yes! We save for retirement through a 403B. 10% of our income automatically goes into our 403B. Blake is vested in his state pension and we also each have a Roth IRA. We don’t, however, contribute as much as we would like. The hubster has it under control and is certain we will be ready! Read more about it: Invest Now! (This is Blake’s first ever blog post. I’m so proud;0)
2) How often do you vacation? Where does the money come from?
We don’t go on vacation too often. The last big trip we took was the summer of 2012. It was a 21 day road trip and it was a blast! That year we used our tax return and the money from the sell of my car. Okay, okay, we charged a lot too. It’s all good now though. Some how, some way we got it paid off. I certainly can’t endorse that strategy though.
3) Are you planning for college?
Fail! We haven’t saved for college. We do hope to help our kids with their college as much as we possibly can. We also tell them they will need to be looking out for scholarships and possibly hold part time jobs, preferably NOT as a bikini barista or ‘pharmacist’.
4) Do you have a car payment?
A whopper of a car payment. At $958.96 a month, we are looking forward to getting it paid off. We have a little over two years left to pay on that puppy and then the hubby is hoping for a new car for himself. Hopefully, his car will have a much smaller payment.
5) Are you house poor? What’s that mortgage/rent like?
We own a lovely modest home and pay a mortgage of $1576/month. That amount includes taxes and insurance. Not a bad mortgage payment, if you ask me. Of course, it would be awesome to be mortgage free! Just 10 more years if we hang out here that long.
6) How do you fund Christmas?
Somehow Christmas sneaks up on us every year;0) We do not have a special savings for Christmas and tend to wing it or charge it. We try to get creative and have been playing Dirty Santa with the extended family. That helps a lot! We do like to spoil our kids though.
7) Let’s talk home improvements?
Home improvements are done very slowly around this place. Last year we were able to landscape our front yard using our tax refund. There is a lot more to do like roof maintenance, exterior paint, flooring, etc. Does it ever end?
8) Do you save for school clothes?
Nope. This is another one we don’t save for. We do streamline our school clothes and only buy what’s necessary after taking inventory. Those jeans that fit perfectly in September will be high waters by December so we don’t buy too many.
9) Do you deal with college debt?
Thankfully, the hubster had a football scholarship and later used the GI bill to finish up. We took a LOC out on the house when he went back for his Administrator credentials. We knew it would pay off but that twenty large on the mortgage would be nice too.
10) Is your emergency fund where it should be?
We are working on this. It currently stands at a mere $700. I would love to have at least $15,000 in an emergency fund. Looks like we have a ways to go!
11) Do you carry credit card debt?
Ugh! This seems to go in rounds for us. We pay it off every month and then things get out of control. Before you know it, we have $8,000 in credit card debt. I’ve been busy selling on eBay and trying not to charge more.
12) How often do you eat out?
We rarely eat out. Now that the kids are eating off the regular menu instead of the kids’ menu, it aint cheap. We might eat out once every two months or so. I prefer to eat at home anyway!
13) Do you mow your own lawn and clean your own house?
Before our landscape transformation and after the hubster’s hip surgery, we hired a company to mow our difficult hill. But NOW we get to mow our own stinkin’ lawn and I’ve never had a house cleaner. Now, not saying you’re awful if you hire services, it just might make sense for you.
14) Name a Frugal Fail?
Every time I go for an eye check up, I end up purchasing new glasses. Even though we have excellent insurance, my out of pocket expense is usually over $100. THIS time I was determined to save. I didn’t order new frames, just the lenses. I was so super proud of myself for getting out of there for a mere $15! Guess what? The lenses aren’t right and I am still waiting for an appointment to correct them. Yep. I really wish I had my old prescription until we can get this figured out. It would have been worth the $100.
15) Your Question: Do you get an allowance?
This was a life changer for us! No longer do I have to stress about the wants of all. We each get an allowance and I worry no more. Check out these posts: Allowances: They aren’t Just for Kids, Kids and Allowances, and Meet Bob. (Those first two were at the very beginning of my blogging career so be patient;0) Can you tell I REALLY like allowances?!
Overall, I think we do pretty good. We could definitely do better in some areas.
How do YOU do that?! Inquiring minds want to know about the choices you make.
Brave souls, willing to bare it all, click below:
Want to read more?