TBT: Money Edition

After a few close calls with not having enough money to get home from Manhattan, I quickly tried to change my ways.

I am not sure as to when I started shopping like I had money, but it must have been way back in high school after I started my first job. I looked for deals, and not so good deals: whatever way I could get the look and brand that I wanted. Although I have worked through the better part of my life, I always found a way to not save money, whether it was a new bag, or a movie that I had to see: it was always the same story…maybe next time.

After I met my boyfriend, we finally realized how materialistic our lives had become, and set off on a journey of trying to save up for a future (key word: trying). It started off slowly, as we were in different countries, and I was living with my parents. I couldn’t seem to shake the urge to buy a new outfit every Friday, or a new makeup palette each paycheck. In hindsight, I was making up the excuse that since I didn’t have to pay for anything other than my coffee in the morning—everything else that I earned was fair game to be spent. Let’s just call this my immature stage. I started hiding my online buys from my parents, and racing the clock to get home before them so I could quickly dispose of the evidence. As for my boyfriend, he was buying items from 100 packs of batteries to a signed Oliver Khan jersey that went for a cool 100 euro. Clearly, we needed some sort of therapy.

Although I spent most of my time in school or working, I still find time to blow through my $500 paycheck every two weeks. A Sephora, Forever 21, J Crew, and Target trip were necessities every two-week period. Not to mention the amount of online purchases from ShoeDazzle, Etsy, and Birchbox that found their ways into my mail slot each week, too. By the time the Thursday before my paycheck came, I was counting up quarters in my car to buy myself a cup of coffee. Did I mention I wasn’t paying for my own gas, school loans, phone bill, or necessities? If I could, I would go back in time to give myself a good shake. What the heck was wrong with me? How did I manage to waste away thousands of dollars on items that I can’t even remember?

After a few close calls with not having enough money to get home from Manhattan, I quickly tried to change my ways. I asked my mom if she needed help around her office, and she offered to have me do her filing. Oh, how the mighty had fallen. I stored away the extra cash in an unused wallet, and tried to forget about it. Every now and again, the urge would creep up, and all my progress would crash down around me.

Fast forward to a year ago: my boyfriend and I were planning on getting engaged, I was living in Philadelphia, and I was still on my dad’s bankroll. I was miles ahead of my past self, but I was nowhere close to where I needed to be. I was living in my future parent-in-law’s house, and I was still depending on my dad’s gas card and EZpass to get me to work. I chose a career in retail, and as many know…that doesn’t exactly shout, “money.” I was always looking for a quick fix, when all I needed were 3 things. Three things that changed the way I thought about money, and has now allowed me to continue my career in retail, while purchasing a house, handling my own student loans, and never being late on a house payment.

  • I never thought of money in the correct way. I always thought money was a gateway to a shopping spree, or expendable. I seemed to always be waiting for the next paycheck: I would mess up my “saving plan” by spending it all in Nordstrom, and I would say to myself, “I’ll just wait for the next time I get paid to start saving.” All successful savings starts with a little bit of self-control, and just a bit more of planning. Living paycheck to paycheck? Me too. With a little planning, your miniscule paycheck will seem doable. Sit down and calculate how much money you need each day. For me, I like a coffee in the morning, and that won’t change. Calculate about $2.95 for a Venti iced, and a little extra for a treat at work (if you can). Depending on how often you get paid, take the number of days in between paychecks and multiply your $5.00 per day by that number. That is how much you need for spending money. Afterwards, plug in your monthly costs: electric, water, or mortgage. As for grocery shopping, make sure to keep your receipts to see how much you are spending, and what your average is. Always add that into your monthly costs. Check to see if there are ways to cut the fat, and what is non-negotiable. I use the app Minted in order to get my finances in order. Although I tend to like writing down things on paper, I do like the ease of an app in order to take my finances with me! Minted allows you to see how much you spend, where money is being spent the most, and it even lets you set your own budgets!
  • Utilizing credit cards and bank accounts responsibly. We all are in the same situation; taking out money can be a hassle. In this day? Who needs it? Everyone takes a credit or debit card, so why bother with cash? By taking out your paycheck spending money the day you get paid, it lets you envision your money being taken away from you instead of swiping a card. On bigger and necessary purchases, it is okay to whip out a Mastercard every so often, but make sure that you are not living beyond your means. For my husband and I, we pay off each purchase in the same billing cycle that is was made in. If your bank or credit card does not have an easy app to maneuver, I highly suggest moving your business elsewhere. I judge service of a company on how easy their app is to move around in. If I have to jump through hoops to find my balance, pay it off, or check out my statements, I won’t be staying too long. For my own bank account, I chose PNC bank. I have the virtual wallet account, and I cannot say one bad thing about it. The app is super easy, and customer service is out of this world. My favorite part? No minimum. The bank likes to give you a threshold to let you know when you are low, but I have gone under, and I was not charged a ridiculous amount of money. (Looking at you, TDbank.)
  • No one hates free money, right? Every other website on the planet is banking that you will give them your email address and not hate the amount of spam that they send to you every day. Something that has worked for me is being a product tester. I got the hookup from a friend who was a science major at a local college. The testing center had gone to her school looking for product testers and she signed up. When she told me about it, she sent me the email. I filled out the survey, and I was called in to do the product testing! The studies vary from products to take home, while others take about a half an hour to do at the actual center. Many times the money is around $50, but other times, it can be around $100. That can be a quick fix for money if you are in dyer need!

Many times, people who look at money as a necessary evil, make money the enemy. Money, when handled correctly, is able to take a backseat to what is important in your life, and just be there when needed. After my husband and I got a handle on our finances, we were finally able to sit back, live within our means, and learn to make sacrifices. We can’t all have a Prada bag for each day of the week.

Kate Spade Surprise Sale

It breaks my heart to say that I found that I didn’t have the impulse to spend my money on the beautiful items on the website.

Hi Saving Beauties! Let’s just talk about a little thing called a vice. Mine? kate spade. Ugh, my favorite types of handbags, and my ultimate splurge items all come from kate. I’m not sure what they are trying to do to me…sending me e-mails about a “surprise” wedding sale with 65% off of everything wedding. Sigh. But, after looking through all of the sale items (yes I looked!) I am happy to report back to all of you, I didn’t break. Yes, that cake topper is a must…and yes those “Mrs” earrings are to die for…but I don’t need them. It breaks my heart to say that I found that I didn’t have the impulse to spend my money on the beautiful items on the website. Not that I’m not KICKING myself over it…but I am becoming more responsible with my money. I’ll give you an example: As you all know, I have to pay my own phone bill now, and I’ve discovered that by spending a mere $100 on a totes adorable handbag is very tempting, I could also use that money to save up for my guy’s birthday present AND pay my part of the phone bill. My logic that “what’s 100 dollars going to do anyway?” has been thrown out of my Mazda 3 window like no one’s business. I need that $100 for me to LIVE…and you do too. If you have the extra money, be my guest: kate spade. I do strongly advise you to enter (if you dare) and practice self control. Let’s call this approach-avoidance therapy. Go in, look at the items, and DON’T buy anything.   One tip: After you receive the e-mail…because they are tricky and make you enter it in order to see the sale, go to your inbox and UNSUBSCRIBE. We’ve talked about this before. I feel like a broken record 😉   Anyway, tune in for another post later this week. Love you…mean it Kate

Broke Ain’t No Joke

Let’s talk about this hiatus, huh?

Anywho, I’m trying my friends. I really am. Life catches you and throws you around like a piece of meat. Ugh, whatevs. Let’s just say,

I’m sorry. Okay, now that we have that out of the way, we have some new confessions. We can call them the good, the bad, and the really terrible.

For the good: I started making my own lunch, I thankfully have a job, and I’m paying off my credit card debt…$20 each week to be exact. I have to say, it’s a good balance. I’ve trained myself to look at my paycheck with $40 less every two weeks.

For the bad: I work in a clothing store. A really cute one. I get a fairly awesome discount, and I wear the clothes anyway. We all can see where this is going.

The really terrible: EEK! Okay, I’m getting married next year, and PINTEREST is making things so hard on me (typical first world problem) Ok, but seriously. Everything I see on there, I want in my wedding. I had to talk myself out of buying ANOTHER engagement photo shoot outfit because while shopping, my creative wheels were turning.   On another note, let’s hear it for all the fabulous bitties living paycheck to paycheck! (Do I hear a…cricket?) Is it just me? Well, in that case: let me break it down. I barely make enough to afford gas, food, and a student loan. (Thanks Sallie Mae)

This is where my wonderous post comes in:

What To Expect When Broke:

  1. Ha. The first thing you have to expect is probably a major cramp in your social life. Sure, I gave up going out every weekend once I graduated from college, but let’s get real, a girl’s got to get her drank on. Right?
  2. On top of that major cramp in social life, you’ll probably experience some sort of desperate search for coins; quarters, pennies, nickels, dimes OH MY.
  3. Coffee is a luxury: well, I didn’t give this up..because I’d be a much meaner person if that was taken away.
  4. You find new and exciting ways to revamp your clothing style: In other words: You can’t buy a new outfit every weekend…sorry, Blair Waldorf.
  5. Lastly, (and this is just the tip of the iceberg) you will tend to think you have more money than you actually do. I am so guilty of this. I love giving presents, and I really do have to learn that I cannot afford it!

A word from the wise, it’s hard. This is a hard, stupid concept to wrap your head around. It comes with petty fights with loved ones (don’t give in to fighting about money) and a lot of lonely nights while your friends go out without you.

Next post? What do to on a limited budget.

xoxo- Kate

Bargain Warriors

I’ve decided to share my super secret list of fantastic websites that are sure to get you great deals for amazing items!

www.ruelala.com

www.hautelook.com

www.livingsocial.com

etsy.com

www.livingsocial.com

These are just a few, well-known sites that I use on a regular basis!

Happy bargain hunting!

K

Holiday Shopping

With the holiday season just around the corner, I figured I would share some interesting ideas for NOT going into debt this year. I know we all want to pamper and spoil our loved ones, but there comes a time that you have to draw the line inbetween being generous and being insane.

For those who have a big heart, but not a big paycheck: read on…

  1. Take cash out before a shopping trip and put in an envelope. Leave your credit cards at home and only use you alotted money that you have budgeted yourself.
  2. Use apps and websites like RetailMeNot, Hautelook, Ruelala, and Looksy to get great, designer looks for less.
  3. Never buy full price. Ever. Don’t do it. You’ll regret it. Do you hear me?
  4. If there is something major that you are buying for somebody, shop around. Instant gratification is not a feeling you want while holiday shopping. You’ll end up finding the exact item somewhere else for $100.00 less. Believe me, it happens.
  5. Do not procrastinate. Start thinking about gifts now. If you aren’t exchanging gifts, think about what you and your loved ones will be doing instead. Dinner? Great…get a reservation ready. Movie Outing? Even better…start making plans.

This year, I started saving for presents in August. I used my savings account as a safe haven for my money (literally). Today, I “cashed out” and once the money arrives into my checking account, I will be on my way to the bank with a crisp envelope ready to withdraw it! 

Shopping on a budget isn’t the most fun. I know we would all love to have an endless amount of money, with sales and beautiful items at our fingertips ready for us to buy…well, the latter actually exists, but you get what I mean. This isn’t dream land, and we don’t have an endless supply of money.

Happy budgeting!

K