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Wednesday, August 13, 2008

How does one truly begin?

Ok the short answer to this question is to travel back in time to when I first started working and smack myself til I have a far more advanced financial awareness. Or travel back to 1991ish to when I was introduced to the world of credit and smack myself there. Between you and me, the first choice makes more sense.

So now I am in a position where we have a mortgage, a truck loan, 2 CCs with money on them, one consolidated loan, a bank of mom loan, no savings, no retirement fund, no emergency fund and no educational funds for the kids.

I certainly have learned more about money in the past three or so years, but I don't know if I am any smarter.

I've read a plethora of financial pages and books, all with varying advice that does seem to make sense, but where does one begin?

I want to get $1000 in an emergency fund. I want to get my new CCdebt (less than $2000) off the 'to owe' list. I want to get the debt of $1500 paid back to bank of Mom before she just says 'ohh don't worry about it' yet again and I hate feeling that way. (There's more I want to do but I'm focusing on these three right now)

Taking care of the emergency savings would help as we always seem to have emergencies we are not financially prepared for and that gets tossed on the credit card.

Taking care of Bank of Mom would give me that peace of mind that maybe, just maybe, I'm a grownup for once and don't owe my mom for this loan.

Taking care of the CC would make money interest wise, but would it give the best peace of mind and feeling of security.


Sometimes the frantic 'too much to do too little time' gets to be overwhelming.

Tuesday, August 12, 2008

ooo found a great article...

...speaking of my clothesline post from the other day. It shows the struggles of those who want to hang up in planned communities where such practices are forbidden and comments about property value plummetting as your bloomers go up on the line. It also comments on how such people perhaps need to realize the positive effects it would have on the energy crisis and our wallets.

A good read though the article is a bit dated. I shall continue to search for more currect articles.

clotheslines

Sunday, August 10, 2008

Flapping in the Wind





I've had an old clothesline in my backyard since we moved to this house in 1996. I live in an older neighbourhood in a small prairie town so I didn't think the line was that unusual, though we didn't have one at my parent's house growing up (10 blocks away) nor at my grandparent's house (across the street). Ok maybe it was less common that I thought.

Anyways, when we moved here my husband wanted to tear it out as it goes across the backyard, but I resisted, mostly for odd feelings of nostalgia, I suspect.

Over the years it's been used rarely, mostly to air out sleeping bags or hose off outdoor carpets etc. Last summer I started using it for things like towels, which seem to take forever to dry in the dryer.

This spring I noticed a series of 'clotheslines are back' commercials on TV, mostly off the Ontario channels, with the preface "clotheslines are cool. " I was intrigued at the thought of using my clothesline for more than the occasional set of towels.

Off I went to the dollar store to make my frugal purchase of two bags of clothespins and home I went to begin this endeavour. Everything goes on the line with the exception of undies, socks and tea towels.

What I've noticed is that on the hot days, things like my boys' tshirts or shorts dry in no time at all. Other longer drying items like towels or bunnyhugs (hoodies to everyone but parts of Saskatchewan :-) take a bit longer.

Most of our cotton items I'd hang from whatever spots I could find in the basement so they would not shrink. I was not saving energy by using the clothesline for these but I definitely was cutting the time back from a day or two of drying inside to a couple hours at most outside. Speeding up laundry???? How exciting.

I learned along the way that I need to add softener to the wash though or things come out a bit crisper than one would want. I learned that I need to watch the rainclouds and get things off the line. (This works now that I am home in the summer but come fall, a different strategy will have to be sought out). I learned that I get this weird suzy homemaker kind of feel as I skip out there with my basket, holding pins in my mouth as I fasten items to the line. It's a good feeling, which is odd as I am the farthest thing on the planet from a proper homemaker. I learned that my one neighbour comments a bit if she is out there when I am, but I have decided it is more of a 'holy two kids and two adults make a ton of laundry' rather than a judgment call.

It has made me venture down back alleys in some of the older neighbourhoods to see who has lines and who uses them. They are rarer than I thought, but I do see some out in use.

I don't really have any way of calculating how much energy/money this saves me but at a minimum of 10 loads of regular wash a week going out there, that must be a rather significant savings.

We were camping last week and came home with everything smelling of campfire so wash it we must. We are a two pillow per kind of family so just for the four of us, there were eight pillows. In the dryer, those things take at least an hour of drying so simple math means that just the pillows alone going on the line saved 8 hours of energy. Amazing how things add up.

I suspect more don't use them because new houses don't have lines, condos, townhouses and apartments are too close perhaps? or maybe it just is out of fashion. There are movements in some complexes in Canada and the US who are fighting for their right to have a clothesline when other neighbours think it is an eyesore. It is called the 'right to dry' movement. I will definitely be reading more on this.

I found a great list of reasons to use clotheslines at http://www.laundrylist.org/.

If you can do it, flapping in the wind is a great way to save energy, time and money.

Do you let it all hang out?

Saturday, August 9, 2008

Where the debt stands

As of August 1st, 2008

Mortgage - $44 383.85
Consolidated Loan - $15 190.91
His VISA -$2845.02
His Truck Payment - $17795.22
Bank of Mom - $1200.00

Total Debt $81 415.00


For September 1st, there will be a new addition to the debt list as the MC took a huge hit during the traditional horrid August expenses.

This van may be the financial death of me

The night before I left for the week away with my son my power steering line decided it was tired and did not want to work anymore. It was leaking everywhere! The timing was so not in my favour as I was leaving right after noon the next day. We managed to pull in a favour and get my van into the shop early the next morning.

Shortly before noon the damage was complete. $142.52. I certainly hadn't budgeted for that but breaking down 4 hours from home wouldn't have been a picnic either. It went on the MC, which was only the first of many expenses to go on there from our week away.

I broke down and sent a small vase of flowers to the lady who squeezed us in at the autobody shop. This is the second 'squeezing in' she's done for me since start of summer and I believe it was necessary to show my gratitude. Another $23.75 goes down on MC.

I have reached a point where this van is really starting to cost me. Between necessary new tires, the two trips to the autobody shop and repair of rack and pinion it has cost me over $1000. That is about the same amount the car lot would give me on a trade in.

I don't have the money for a new vehicle payment yet continuing to pay for repairs is foolish too.