I was at a loss for topics to write about this morning, so I decided to go through some of my old drafts piling up and see if anything sparked my interest. And what do you know! I found a link I’d saved over a year and a half ago just waiting to come out :)
(I literally have 70+ partially written posts just sitting there waiting to be resuscitated back to life. If I put something in there and don’t finish it within 2 days, it usually stays there for good – which is why it’s always best to write when things are fresh on your mind! But I digress…)
What I liked about this post was that it shows just how NOT perfect us personal finance bloggers really are. We do stupid stuff and blow our money too, just like you! Even when we very well know it’s not financially smart to do so. In fact, if you look around you’ll notice most bloggers are blogging BECAUSE they’re in debt! They’ve got awesome war stories, unlike myself. But these are pretty close…
So. While the wife and I have gone from $0 net worth to $150k in a little over 3 years, I am not a perfect angel. This ones’ for you Kristy from Master Your Card!
Why I Can Suck at Personal Finance …
- I eat out Monday through Friday. Every single work day. I used to make pb&js 4 times a week but I seemed to have forgotten this trick 1.2 years ago.
- I’ll buy milk at 7-Eleven. I know I can save $0.75 if I drive another 1/2 a mile, but then you have to find parking, walk to the very end of the grocery store, walk all the way back, and then wait in line for 7 minutes to pay. I consider this $0.75 a “convenience fee.”
- I spent $1,600 at GoDaddy.com last year. $1,600! I went back to see what, exactly, I bought, and besides the necessary items like hosting for this blog and other sites of mine, it was all domain names. I’m afraid to tell you how many I have.
- We spend $185 on Cable every month. Internet and home phone service is included, but still. We could surely work on this.
- If I forget my 20% coupon, I’ll still buy something at Bed, Bath, and Beyond. You know how you sometimes realize you totally forgot to bring one from that stack in your kitchen drawer? I do that all the time. Every now and then I’ll come back later, but usually I’m just too lazy.
- I’ll spend 3 hours looking for the cheapest flight, but then blow $50 checking in a bag ($25 each way). Being a guy I could probably fit everything into a carry on, but I like having room and not playing Tetris to make all my stuff fit properly. Plus, you can’t bring a giant bottle of hairspray on the plane with you (I have a ‘hawk, remember?)
- I’ll leave a balance on my credit card, even though I have the cash. Granted, I do this purposefully to make me work harder to pay it off (like when we plopped $2,000 on it for Eurotrip), but it’s still wasting $20-$30.
- I go looking for apartments and end up buying a house. We went searching for an apartment one day, got lost, found a lake, saw a house on this lake, and made an offer the very next day. 3 days later it was accepted, and we went from from renting a 1 bedroom apartment to owning a 3-level townhouse in a blink of an eye.
- We only negotiated $5,000 off said house. Looking back this was pretty stupid. Especially since it was the month the housing bubble burst!
- We bought a house the month the housing bubble burst! (!!!)
- I have no problem spending $4.00 on coffee or movie candy. If I’m hungry/thristy, and something tasty is in front of me, I will buy it.
- I’ll be buying a $30k Benz soon! It may not be today, or even next month, but you can bet your sweet ass I’ll be riding around in one of these sooner than later. And of course I’ll buy it used, I’m not *that* crazy ;)
See, your boy J. Money isn’t all roses and pockets of sunshine. He does stupid stuff with his money too! And the older he gets, the more stubborn he is becoming – believe you, me. It’s a damn good thing I figured out this whole savings and retirement stuff when I did! I might be wasting hundreds and hundreds dollars over the years, but as long as I’m saving THOUSANDS and thousands of dollars I’m okay with that. Who want’s to be perfect anyways? Perfect is boring.
(Photo by my friend Suburban Dollar)
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!