About Me

29 yr old female trying to keep it together. I call my financial life a work in progress because though I have always had frugal inclinations I only recently started on an informal financial education with an end goal to make my money work for me! Of course I can be weak. Thai food, traveling, self-justification and laziness eat away at my savings. But I am getting there. I think. I used to be very jealous of the Jones' but now realize that they are broke and stressed so I prefer my own progress and accomplishments. My life may not be flashy but I have seen the consequences of a high-end lifestyle. I count myself lucky to be alive and aware in these economic times because I have learned so much and believe that in the long run I will come out farther ahead from a little suffering now. As long as I am not regressing, then I am pleased.

Fun fact to help navigate my posts: BB = Baseball Boy. My husband.
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2008 Short Term Goals
[x]Eliminate Credit Card debt
[X]Get married and pay off the wedding IN FULL
[X]Travel for 3 weddings and pay for each visit IN FULL
[x]Rescue a dog and pay all costs for him/her IN FULL
______________DONE!!_____________

2009 Short Term Goals
[ ]Save ALL eBay income in 2009
[X]Get a full time job
[X]Begin saving rental income for eventual rental renovation
[X]Buy a house with 20% down
[ ]Build a $4k Emergency Fund
[ ]Save 10k towards a back deck, backyard landscaping, and kitchen redo
[ ]Save $2k toward new car for hubby
[X] Pay $50 month extra on the mortgage

Long term goals *start by 2010*
[ ]Live on one income/bank the other income
[ ]Start an IRA for Baseball boy
[ ] have 1 NSD a week

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My November 2008 Wedding:
Total $23,630...Paid in Full! And had a BLAST!

2009 eBay Challenge $100/month:
$55

2009 Mortgage Challenge $50 extra/month!
So far I have added:
$375.00 extra principle payment!
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Quotes to keep me on track:

"Save FIRST and then spend the leftover, not spend first and save what's left."

"How you spend your money today effects the life you will live tomorrow."

My husband thinks I am smart with money??

December 16th, 2008 at 11:21 am

I sent my financial adviser an email detailing the possible duplex purchase and asking for suggestions/advice...and BB got irritated with me.

BB wanted to go forward with making an offer on the place and I told him I am waiting for a response from the financial adviser. BB got irritated and said;

"I only trust 2 people with my money- you and my father."

That was a surprise. I don't even trust myself with money. I didnt think BB respected my interest in money- I thought he thought I am very elementary in my money management skills because I am always researching/questioning/ or deferring to other people. I think in the school of money management...I am at about an 8th grade education level. I know the basics...I know a little about more than basics...but don't trust myself to make any decisions on my own. Since I can never make a quick decision or snap judgment about money related stuff - I thought I appeared to be a bumbling idiot to those around me.

I guess I look like I know what I am doing. How odd.

Disclosure statement: BB blames my financial adviser for our stock losses from this past year. I did go to our adviser twice with panicked "Maybe I should pull out now!" calls...and both times my adviser calmed me down and kept me in the market. I don't blame the adviser- everyone lost money-it was not his intention to lose me the money- but BB really has no respect for the man.

Posted in Baseball Boy | 10 Comments »

10 Responses to “My husband thinks I am smart with money??”

merch Says:
December 16th, 2008 at 11:35 am

The only flaw I see is that you sometimes over think things and it causes you to go in circles.

With that said, it doesn't surprise me that he would trust you with money. Your very logical and meticulous on your approach to things.
gamecock43 Says:
December 16th, 2008 at 11:40 am

I do go in circles...I have started to learn that if I have a situation I am trying to see every angle from...once no one has any advice for me, or I am researching the same angles over again...then I must have covered everything. And it's time to decide something.
lizajane Says:
December 16th, 2008 at 11:42 am

I've read many of your posts regarding money, and I think that you don't give yourself enough credit for what you do know!. Asking for advice or research is not a sign of bumbling to me; it's smart to do. You might over-analyze, but to me that's only a sign of weakness if you're spending an extraordinary amount of time deciding what to make for dinner or something minor like that. When it comes to money, I think it's important to look at it from every angle, especially on a major purchase. If you make the wrong move, it's not as easy to recover from.
Ima saver Says:
December 16th, 2008 at 12:20 pm

My dh shocked me a few weeks ago. we went to visit old friends ( she introduced me to dh 32 years ago) and dh told her that I had made him a rich man. That kind of makes you feel good, doesn't it?
Ms. Pearl Says:
December 16th, 2008 at 12:22 pm

Gamecock- I agree with the above posts. You are meticulous and think through every detail. You need to give yourself more credit.
whitestripe Says:
December 16th, 2008 at 12:52 pm

yes i agree with everyone here. just because you sak for help doesn't mean you're a bumbling idiot. (a bumbling idiot would be someone who goes ahead and does something without finding out all the facts first).
Koppur Says:
December 16th, 2008 at 03:59 pm

It was asking for that help that made you so money smart! And now, lucky us, you can pass that info to us.
frugaltexan75 Says:
December 16th, 2008 at 06:15 pm

I agree with everyone above. I think you have a very good head on your shoulders when it comes to dealing with money/finances. Asking questions isn't a sign of not knowing, it's a sign of knowing that you may not know it all!
Broken Arrow Says:
December 16th, 2008 at 08:26 pm

BB SHOULD trust you with money. You have the heart and the sense for it, which I think is the most important thing. The rest are just a small matter of knowledge and experience, which like everyone else, is only a matter of time (if it hasn't already come to you).
baselle Says:
December 16th, 2008 at 08:49 pm

Its a very rare person who can make a snap judgment with money. I'm sure that Warren Buffett doesn't make snap judgments. And asking questions is a good thing - witness the Madoff hedge fund implosion/Ponzi scheme. No investor questioned it, and look what they got. The reason why BB should trust you with money is all of the qualities that you describe: patient, questioning, desire to look at different views.

Your last paragraph worries me a bit - BB could be setting himself up for a world of hurt with his own snap decision making. As you said, everybody lost money.

Gamecock's Mind over Money

Trying to keep life from falling apart, trying to become a person to be proud of.

My husband thinks I am smart with money??

10 Responses to “My husband thinks I am smart with money??”

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