Posts Tagged ‘shopping’

postheadericon Cash Christmas Continues

When I looked over in the next check out lane, there was my husband and our son. I said to my daughter, cover up his present. She did right away. So she stood in line with our shopping cart. Hubby and I touched base briefly and then agreed to meet up for lunch after both of us checked out.

Our son was soooo excited for his sister. He told her when you see what I got for you its going to blow you away! Now, coming from an eight year old – that made me laugh a lot. I knew what he had gotten her. Mind you, he went over the dollar amount and on this one I stretched since I felt it was truly worth it.

After lunch we had a couple of more places to hit and then we were home for the evening. It was sooo much fun and of course the twins were excited for the next day. They had saw boxes being delivered by UPS, the mailman and Fed Ex. Yet, they didn’t know which ones belonged to them and which ones were ours. Oh the fun I was having.

Needless to say that evening, there I was with all of my receipts and budget evaluating what was done with the finances that day. I was very proud of what my husband had done with his lists and dollar amounts as well as myself. When Christmas came, it felt good to know that we stuck to our game plan and didn’t move from it.

It was a great day for many reasons and one which was because it was done in CASH! That’s right. No credit card bills coming in January with huge balances or anything of that nature. I told my husband thank you and that I appreciated him working within the plan because I know that is not what he would like to do.

Lessons from the Cash Christmas:

1) Set your plan whether early or even late and stick to the plan. You (and your family) are the ones that has to live with the consequences.

2) If you are the shopper, shop within healthy financial boundaries that allow you to enjoy life knowing the bills are paid and you have money left over.

3) Create memories surrounding finances that don’t involve stress. Hmmm, there’s a refreshing idea.

4) For those with children, set the example and actions you want them to follow once they are adults.

postheadericon Walking Down the Aisle with a Realistic Start

Every month there are couples getting married. I have read story after story of wedding planning being impacted by the economy. Either the bride or groom has lost a job, the bridal shop where the brides dress was closed overnight and now she is left without a dress – just some unbelievable things. There have also been many stories that couples are getting very creative when it comes to wedding plan and having their wedding.

I want to applaud all the couples that have recognized that they need to reduce their wedding budget as well as those that are CHOOSING not to accrue debt or any more debt for their union. I say this because more than likely one person is entering the marriage with some form of debt. The question is have they shared this information with their spouse to be. That makes all the difference.

When couples are preparing to walk down the aisle they need to be realistic and not think of their life as something on tv. Since the recession, it has been reported that three out of four married couples are arguing about money. Money is a topic that should be discussed regularly throughout the marriage and not just when an emergency comes up.

Start slowly so that you do not overwhelm your soon to be spouse. Remember you will be talking about money throughout the lifetime of your marriage. Talking about money openly builds trust in a relationship. I cannot stress enough that this is a subject that should not be avoided or ignored.

As you prepare to walk down the aisle be realistic as you begin your journey to marital happiness. You do not have to be like the norm and expect the fairy tale and then get let down.

postheadericon Overcoming Impulse Buying to Benefit the Marriage

OOOH, I know this is a hot topic. Every marriage has a shopper and a saver and it can be quite the challenge initially to overcome impulse buying. You are window shopping and you hear those stores calling your name. Kind of like that young lady in Confessions of a Shopaholic – the intensions were good but weakness got the better of her.

When you are married and it is “OUR MONEY” and no longer “Your Money” it is a great thing to learn how to overcome impulse buying. So let’s look at the Pros and Cons of impulse buying which should really bring it home that you need to get it under control.

Understand I am writing this as if I was in my husband’s mind who is the shopper in our family.

Pro side to Impulse Buying
Get the item you want right then
If there is only one left, you do not miss out
Immediate gratification
Certain satisfaction of being able to do buy it because you can without having to save up for it

Con side to Impulse Buying
Spending money or charging money that you do not have
Buying it today and then realizing the next day it is not exactly what you wanted
Lack self-control

Understand there are different types of impulse buying such as this:

If you are impulse buying just for the sake of buying because it is a WANT and not a NEED. Then two days later you are asking yourself, why did you even purchase that.

If you are impulse buying because it is something you really need, have the money and it does not stop you from paying your bills.

Steps to Overcome Impulse Buying:

Remove the peer pressure if you feel pressured when with your friends.

Establish healthy financial boundaries and stick to it no matter the environment.

Leave the credit cards at home and take minimal cash with you when you go to the mall.

Do not fall for the credit card application and you will get this or that gift or discount. Go to the store and purchase what you went there for and leave the rest of it behind.

Impulse buying can lead to secrets about financial expenditures when revealed can divide and destroy a marriage. Get the impulse buying under control today.

postheadericon Marriage and Money Movie #20 – Steel Magnolias

One of my all time favorites and every time it comes on, I have stop and watch it. Yes it draws me in and I have to get my popcorn. This movie has sooo many facets that I am going to share a little more detail than usual in order that you will see it is worthy of being part of this database.

These women can act – Sally Field, Dolly Parton, Julia Roberts, Shirley MacLaine, Darryl Hannah and Olympia Dukakis. What a cast. This movie takes place in northwest Louisiana – two thumbs up for that.  Many women experience stories happening around the beauty parlor. This story is no different – the action takes place around Truvy’s beauty parlor with women who are regulars. I can see it now, if you are like me when I go to the “hair shop” there are the regulars that I talk with when I see them. Catch up on family life and our thoughts about politics, etc.

Sally Field plays M’Lynn the mother of Shelby and married to Drum.

Julia Roberts plays Shelby who marries a rich lawyer and deals with diabetes, becomes a parent and faces death.

Dolly Parton plays Truvy, the owner of the beauty parlor whose  husband is generally unhappy and has a hard time finding employment.

Shirley MacLaine plays Ouizer who has been married a couple of times before, she has money but has such an interesting disposition.

Darryl Hannah plays Annelle the 19 yr old beauty shop assistant. That has left her husband and becomes very religious.

Olympia Dukakis plays the role of Clairee who is a widow and has quite the interesting friendship with Ouizer.

Money Implications:

There are different roles of money when it comes to marriage – paying for a wedding, parenting, health and even business ownership.

Money Tip #1:  Weigh the consequences of all financial decisions, short and long-term consequences.

Money Tip #2: When you are an entrepreneur, be sure to include your spouse in business plans and financial decisions.

Money Tip #3: If a spouse is having a hard time finding work, do not rub it in. Talk with them about their dreams and see how you can help them. This affects the bottom line.

Observations:

Truvy loved her husband and tried to bring some holiday cheer into their home. Even when finances are tight, you can still celebrate your marriage, love and coming out of financial challenges.

Annelle shows up in town after having left her husband, she did not have anything. No job, no car and has to make a new start. Make sure that you both are involved in the household finances so that if something happens, the other spouse can carry on with life.

Recommendations:

1) I cannot stress enough think “BIG PICTURE”. What is it you would like to accomplish?

2) Do not let your marriage make you ungrateful for who you are and the life you live.

3) If you are in a second marriage, do not compare your current husband or wife to your ex. That is a costly mistake.

4) Continue supporting your husband and wife even in difficult times.

THIS IS A MUST SEE MOVIE.

postheadericon Layoffs and Its Affect on Marriage

I saw an article in the Wall Street Journal that talked about What Layoffs Do to a Marriage and I had to share about it. See, I have experienced this in my own marriage.

This article talks about how when someone is laid off, they do things around the house, job hunt and try to keep themself busy. Then when the spouse comes home, they are desperate for attention.  A layoff impacts the relationship on so many levels.

I want to share what happened with us, it was well after we had been married four years and hubby was laid off. I saw how hard he worked for someone else and asked him what did he want to do.  One of the differences with us is that our household budget was based on one income in case of something  just like that. So he did not have to go back to work for someone else. I told him to do what he wanted. He decided that he wanted to start a small printing business that we could run out of our home.

We had sooo much fun doing this because we literally turned our dining room into the printing shop in our first home. Another great thing is that my business that I had on the side, funded his business. Love it because there was no credit cards used. The one thing we did for the biggest piece of equipment we needed we had gotten an equipment lease through American Express at that time. Otherwise everything we purchased.

That article talks about how most plan their lives around two incomes and we didn’t so we had the luxury of starting another business while I worked at a law firm. My income at the firm was the same as his prior to the layoff – so we did not miss a beat.

Our goal was to make sure that at the end of the day we are happy. Depression was not an option. Working for someone else does not define who you are, sure it can use your skills but many people would do something else if they had the money.  There does come a time when what makes you  happy outweighs what you make working for someone else.

If you are dealing with a money and marriage issue resulting from a layoff, send me your question.

postheadericon The Financial Bus of Life

Let’s have some fun this morning and enlightenment at the same time. Remember when you were young and we rode the bus to school. The bus would come to your house and you would get on the bus and talk with your friends all along the ride to school. Some mornings you wanted to talk and some mornings you might have been sleepy. Yet, you rode the bus. Once at school, you attended school and at the end of the day, you got back on the bus to return home.

 

Later in life as an adult, you might have rode the city’s transportation system which was a bus to the mall, work or if you were visiting another state and that was the best mode of transportation you rode the bus. So a bus has been integral in our lives. Now that you can relate and understand the bus – let’s take it one step further.

 

Today, I want to talk with you about the “Financial Bus of Life.” Regardless if we are in a recession or the economy is up, there is a financial bus in your life. When you were in elementary school through high school, even as a young adult the bus I talked about represented a mode of transportation that got you from one destination to another. For this post it will be a little different.

 

When you think of a bus what is the first thing that comes to mind? I know for our twins they would think it is big and yellow. For someone else it could continue being that mode of transportation to work or shopping. When we are talking about the financial bus – I want you to think about two things – the passenger and the driver.

 

Now when you think about “The Financial Bus of Life” what have you been doing? The role of the passenger is sitting on the seat and watching things happen in the area of finances. Mismanagement of funds happen, overspending happens, maxed out credit cards, financial mistakes happen because of a lack of knowledge. Consequently, the cycle of debt starts and repeats itself. We sit on the seat and watch it happen over and over. We do not want to talk to anyone because we are embarrassed. Also, we lack the will to change our situation.

 

Another character in The Financial Bus of Life is the role of the driver. The driver is the person that no matter what has happened in their finances, they are taking control. They refuse to sit on the seat and watch things happen to them. They are the ones that have made a CHOICE to CONTROL their finances and make healthy financial decisions regardless of what is happening around them. The driver has and is working his or her plan to pay the bills and alleviate debt. The driver does not get influenced by peer pressure or The Joneses. Let me share a secret, there are drivers that were passengers at one time.

 

One of the big differences between a driver and a passenger is the passenger usually lacks the will to change their situation. That can be due to their mindset, used to being a complainer without action and also surrounding themselves with people who think just like them. The driver is going to take action to reach the desired financial result.

 

Are you a driver or a passenger in The Financial Bus of Life?  

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