All of my life I have been horrible with money. I have never saved a dime and tend to spend money without thinking or planning or even really needing anything. Part of this is the American consumerist way but more of it is just my lack of control and impulsivity combined with boredom. Now that I have a little one to care for, I need to change my spending habits and start being wise with my income. I do not want my son to grow up with my lack of financial responsibility-I want to model for him frugality, generosity and living simply. Its amazing how having a child will change perspective on things. Its my desire to provide my son with financial stability and a life where money worries do not dominate plus a sense of security in himself and God not in things. I want to pursue simplicity and contentment in our life to bring freedom and peace in a bigger way.
To start this, I have set a goal for myself. For the next 30 days, I am not going to spend more than $25 a week on anything besides gas and bills. Meaning, I am allowing myself $25 a week for the next 30 days for 'extra' things. We have plenty of groceries, Caleb is stocked up on formula and baby food and diapers and clothes and everything else he needs. I have plenty as well. I want to break the habit of feeling the desire to spend money-to go shopping and impulse buy. Whether it is a new bottle of shampoo or a frozen pizza for dinner because I don't want to cook, its not wise spending and its building the wealth of businesses rather than the wealth of my family. I don't overspend on pricey shoes or designer clothes or electronics or anything, its those random, impulse buys that catch me. I have cupboards full of food that I never make because I give into the impulsive, lazy desire to hit the drive thru or order pizza rather than actually take the time to cook.
Its my desire to be intentional about where my money goes and therefore, keep more money for what is important and lasting rather than random, impulsive, disposable crap.
My plan is to reflect on my progress with this journey here on my blog. I appreciate any support, insights and accountability people choose to offer.
Today, January 2nd, 2010 I have $47.00 in cash and $300 in the bank. Next child support payment should arrive by January 10th or so. Next pay day is January 14th. Daycare is paid for the week, and next week Caleb's dad is supposed to pay. Electric bill is caught up to date. Rent is not...but will be in about a week.
Here's to spending rehab!
Life and thoughts of a single mom with a desire to write and share ideas with people who might want to know..figuring out how to be a loving, consistent mom while also pursuing my teaching career and fostering other dreams of writing and whatnot.
My unexpected life
- Kikers
- Blaine, MN, United States
- City girl at heart who returned to the Twin Cities after a four year stint in the Stinky Onion known to the rest of the world as Chicago. Consistent nomad, frequently moving, changing, evolving. Striving to settle down and plant some roots. Recently became a single mother to Caleb Justus and am figuring out the adventure that is motherhood. Getting used to living in the burbs again close to family and friends.
