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New Year, New Savings

January 3rd, 2007 at 07:39 am

I wonder if anyone will ever read this. This is a new year so it means that my family will have to save money to buy a home. We make a good living. We bring home $16,000 a month after taxes have been taken out. My husband is a physician and I am a teacher. We live in the Los Angeles area where home prices are ridiculous. Currently, we are renting a small 2 bedroom with our one year old son. I just did our budget and we spend about $8500 a month. Crazy right? What the hell are we spending on? I have no idea! Well, we eat out way too much (my fault since I hate cooking and it is hard to do with a one year old!). My husband and I spend too much money on clothes and gifts for others I think. Bascially, we just WASTE our money. So this is a new year, a new start. My husband is totally clueless about money, how to save, how to invest, etc. so I really have to step up and be the one to be strong about our goal to buy a home.

I'll be updating on how we are doing!

Posted in Uncategorized | 10 Comments »

10 Responses to “New Year, New Savings”

  1. jeffrey Says:
    January 3rd, 2007 at 07:56 am 1167810992
    1167810992

    Welcome. I think you'll find that a lot of people will follow you along on your journey - it tends to be an active and supportive group.

  2. LuckyRobin Says:
    January 3rd, 2007 at 08:57 am 1167814629
    1167814629

    Hi, welcome to the blogs. If you waste that much on eating out, perhaps you should hire a personal chef to do up a bunch of meals for the freezer so all you have to do is thaw, heat and eat. Probably a lot cheaper for you with a good variety of food.

  3. busydad Says:
    January 3rd, 2007 at 11:42 am 1167824575
    1167824575

    It sounds like you've identified the problem, and have a plan in place to do correct it. I wish you well on your goal

  4. tinapbeana Says:
    January 3rd, 2007 at 01:57 pm 1167832654
    1167832654

    glad to have you with us!

  5. Broken Arrow Says:
    January 3rd, 2007 at 02:24 pm 1167834263
    1167834263

    Welcome, and uh... I read it! Big Grin

  6. Ima saver Says:
    January 3rd, 2007 at 03:49 pm 1167839345
    1167839345

    Welcome, I think you will enjoy this forum and learn how to save money.

  7. Mary Ann Says:
    January 3rd, 2007 at 04:19 pm 1167841191
    1167841191

    Welcome, I am so glad to have you join us! Please post how you are doing with your new money saving plans!

  8. fairy74 Says:
    January 3rd, 2007 at 05:21 pm 1167844886
    1167844886

    Welcome, everyone can learn to be a better financial manager, no matter what their stage in life. The people here are very supportive and have wonderful advice.

  9. Aleta Says:
    January 3rd, 2007 at 07:22 pm 1167852144
    1167852144

    Welcome. Just start listing all money coming in and what is going out on a daily basis so you can see where you can stop the bleeding. It's not uncommon for one of the spouses to be clueless about money. My husband is also. Someone has to start and it looks like it's you and hopefully after he sees some improvements, he'll catch on. Anyway, we are so glad to have you here.

  10. crazyliblady Says:
    January 5th, 2007 at 12:11 am 1167955893
    1167955893

    Welcome and congrats on your start in making a new future. Since you hate cooking every day, how about once a month cooking? Or once a week? You create your menus ahead of time, buy all the ingredients, and spend a whole day cooking and freezing up meals for later reheating. I have seen several cookbooks for once a month cooking and I used to do once a week cooking, like making up a stew or soup and a casserole for a whole week's worth of meals. It was great and saved us a ton of money.

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