The time has come to overcome procrastination and “rather not deal with it right now” and “don’t have the finances to deal with it right now” and just get ‘er done! I am over being anxious and embarrassed and just plain tired when it comes to our finances. So, I’m going to take the bull by the horns, buckle down and make this the summer of money woes be gone.
I don’t know exactly how this is going to work – or if it will work – but it has to get better rather than worse if I focus my attention on it for three months and really get my act together financially. So, the three things I see as necessary to do at this beginning point is:
1. Get a full and complete list of money owed, including (1) taxes, (2) meds and (3) past due items. Prioritize and start paying them off one-by-one as money becomes available.
2. Get on a strict budget for the summer months. Nothing extra without the money coming from somewhere other than our budget. Beans, rice and basics is all we get this summer. Every extra bit of extra money goes toward paying off debt, bills, etc.
3. Make extra money in any way possible and as much as possible, putting it all towards debt, bills, etc.
If I can do these three things and seriously be stubborn about it, I think I can end the summer in a much better place than I will start the summer (which is a pretty crappy place).
So, what’s the impetus? Well, we had our debit card hacked this past week by someone who then spent about $1000 on it in one day. And although the bank stopped it there and the money was back in our account as of this morning, it still made me realize just how totally unprepared we are for an emergency. In addition, our renter for our condo that we own gave notice last month. Luckily, they were able to rent it immediately and for slightly more every month, but if we had to go a month or two without that income, we would be in bad, bad shape. And if anything goes wrong with the place majorly (e.g. AC or something) we have no money saved up for the repairs. That is not a good place to be. We don’t have a reserve, an emergency fund, a backup plan. It just is not good.
So, the summer will be “get it together time” and the Fall will be “build it up (emergency fund) time” and then hopefully next Spring can be “save and plan time”. I will be a much more secure and happier person if I can get all this financial stuff taken care of once and for all and feel like a responsible and stable person.
I will need some encouragement, I fear. I will need some support. I will need some straight talk – Dave Ramsey style – I assume. I need to stop the “stupid tax” and start being as smart with my money as I am smart! I need to move from this state of “red” in our finances that I dread to a place where I am a credible manager of our income – or bread. Hence the title. Anyone with me? Maybe we can ride this road to responsibility together?