Pitfalls of the Climb

It’s interesting how just about the time a person thinks they are standing on solid ground and can breathe for a moment, the ground falls out from underneath their feet. That’s been our experience over the past few days.

'No. . . this isn't the fiscal cliff.'

 

Many companies do biometric screening for insurance credits as an incentive to keep employees healthy and well. It’s good for the employee, who can get a decent bonus to stay in shape; and it’s good for the insurance company, who doesn’t have to pay as many claims to employees who are staying well and away from the doctor. Such is the case with my company. Let’s just say, I wasn’t healthy enough to make the cut. It’s something that I am now making a full-time project and has lit a fire under me to change my habits, routines, and diet so next year the wellness credit will be mine. In the meantime however I found that the lack of said credit is more than likely going to eat up the money I save in carpooling, so there’s that.

Another challenge we’ve run across is a balance that has come due for my college course work. It was not a charge I was expecting to pay as I expected the Pell grant and student loan would be covering it. I received a refund not long ago for the amount of the balance due, so I assumed the balance was paid over and above and that was the reason for the refund. Turned out the opposite was true, the refund check they sent us was actually supposed to pay the balance that is now due and we simply had to “pay the refund back” as the good folks at the bursar’s office so eloquently put it. My eyes couldn’t roll back in my head far enough to accommodate the frustration I was feeling. In the end, we had to pay the balance due from our meager savings.

Ah yes, and to add insult to injury, my son’s “pay as you go” phone comes due every 30 days. Not every 31 days, every 30 days. Meaning that the amount is taken from our account a day earlier every month than it was from the previous month if the month had 31 days in it. Since there are several months that have 31 days in it, when that bill comes due is basically a moving target, this month it debited our account in the negative by $10.

I was hoping at the very least to have a positive balance to report once we were paid on the 15th….

cliff

I must admit, a couple of days this week I wanted to throw my hands up, stick my head in the snow and ignore it all, or freeze to death of hypothermia. I grab the rope, ready to repel, or just jump off the metaphorical cliff face in frustration, harness or no harness (a bit mellow dramatic I know).

All of these things are annoyances. Pitfalls on the journey up the mountain. Nevertheless, we have to keep going, at a slow pace, even trudging if need be. IT’S GOING TO BE SLOW GOING. Pay more attention to billings, get out the paper, write it all down, and build the budget again. Hammer another stake in the cliff face and pull ourselves back up.

 

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The Foot of the Mountain

Lost. That’s how I feel when it comes to our money, and our budget, absolutely lost.

It’s different when my wife and I have just graduated from Financial Peace University, created a budget, paid our bills and put money in the bank. Life is good during a time like that. We got some extra income in because we are reaped what we sowed. Then we decided we are ready to buy a house because we had some extra cash, and it’s probably the next best thing to do. After all we don’t want to be retired and still trying to pay off our mortgage. Along with our sons who were getting old enough to be pretty independent, we just had a new baby girl, I had to put her in her carrier in my truck to move the last load from our little rented duplex to our new four bedroom home. I was all smiles.

Looking back on it now, I can see where our mistakes were. We should have stayed put. Karen just had the baby and we had forgotten how expensive it was to just do that. I should have let life reach some kind of equilibrium. I should have let the money we received grow in a bank account somewhere and used it as a down payment LATER, when we were ready. Life could have been different. The moment we signed those papers, we started rolling down hill, and we never recovered, not really. The utilities were different, the travel was different, the money was different, we never set the budget in stone again, and we spent crazy amounts of money to make an older house half way livable so we weren’t spending so much on energy bills and the kids had a warm, or cool place to sleep depending on the season.

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Now as I take a very clear look at our REAL money, not what I think is there, not what I think we spend, but what we actually do, and I see what we actually have. Now, five years later I’m staring at a budget that looks like this…
I’m pretty stressed. I’m pretty horrified.

Loki’s our dog by the way….

 

 

 

When I look at this budget and list, it’s not a huge deal, at least I don’t think it is. There’s nothing on here that is just crazy, other than phones and car insurance that I will be posting about later on. To be honest, we have been coasting so long with what we had, and it may have been just enough, that when an emergency hit (I’ve had some medical issues that needed some attention), and the car broke down in the same week, well, the avalanche stopped. There’s not really anywhere else for it to go; we are at the bottom of the mountain. Oh sure, we have a little in retirement accounts, but we know that if we go there, that’s just going to prolong our perpetual bloodletting.

We have decided enough is enough. This blog is a tool my wife and I are using to get our bank accounts back under control. It’s not about sympathy, we are suturing our wounds, and plan to make this blog our accountability check. I plan to give at least a report two or three times a week on what we are doing to crawl from a money hole back into the light. If you are family and friends, encourage us. If you are someone just like us, follow our lead, it’s time we get wise about spending and do what needs to be done to stop the madness. It’s time to start crawling back up the mountain to conquer it. We hope and pray that as we find hope, and we will, that you do too. We’re starting with a budget of $20 for savings. If the Lord’s willing, and I believe He is, it’s time to make it grow.