Posts tagged ‘Budget’

November 11, 2011

The Gift Guilt Complex

Gift ribbon heart and bokeh

“Gift Ribbon Heart & Bokey” by Moa Maria on Flickr

When it comes to gifts, I have two distinct personalities: The Receiver and the Giver.

I’m the easiest Receiver in the world. I’m very grateful for every gift I receive no matter how small. I don’t care if you got it at the thrift store, a garage sale, or Neiman Marcus. I love handmade. I just very much appreciate that you took a moment to think of me and let me know with a gift- any sort of gift.

As a Giver though? Well, I have a bit of a problem. Gift-giving to me is very stressful and it has to do with one major flaw in my thinking.

I pay attention to the cost/value of the item I am giving.

It’s not the only thing I look at, granted, but I have shied away from certain gifts because I was afraid they would be perceived as cheap. Price is a determining factor.

This sort of thinking is partially the reason I loathe gift cards. There is a price tag right on the gift! I was brought up in an environment where it was always tacky to leave the price tag on.

I find it strange I have this issue as a Giver because it doesn’t figure into my experience as a Receiver. I’m not even sure where it came from exactly because my parents, and the majority of my family members, aren’t the materialistic type. Actually, I’ve always thought of my parents as pretty thrifty people. My mother is a bargain-hunting queen!

The thing is, I don’t want to do this. I feel as if my gift is less sincere if I shy away from an item because of its cheap price or gravitate to a different item because of its higher price. Just typing that makes me feel somewhat petty and childish.

There is one huge exception to my price tag problem, handmade gifts.

I don’t feel awkward or cheap giving them. And when budgets have been slim, I’ve done those gifts in the past. But this year, I’m completely wiped out and I just know gift-making is not going to happen. So, working with slim budgets is my only alternative.

And I feel so weird about it.

Yesterday, I wrote up a budget for Christmas. It’s $1500 and that’s with slim individual gift budgets that I am not comfortable with honestly.When I was married, we gave much more extravagant gifts- especially to our immediate family.

The killer is, that amount is very high and is really not even very realistic for me. I have a lot of expenses this time of year outside of Christmas and I haven’t done a good job at all of saving money for things.

Right now, I was on Amazon because I had a great idea for a gift for my Mom. It’s the kind of thing I know she’ll really enjoy and I know it’ll show her I know what she loves and enjoys and it’s directly tied to a couple of conversations we had ages ago. It’s the kind of gift I feel only I could give to my Mom if that makes sense.

Well, when I hopped on Amazon I found the price was very reasonable. But right away my brain noted it was only half of the budget I had designated for my Mom. Instead of being happy about this, I got nervous and instantly thought of ways I could supplement the gift to reach the budgeted amount.

And that’s when I had the ridiculously embarrassing “Duh” moment that prompted this whole post.

I’m glad I caught on to this early in the shopping season. I’m glad I realized it because I don’t think it’s healthy.

I don’t have $1500. I fully intended to have Christmas saved up for and yet all I managed to squirrel away was about $200. If I manage to actually spend the $1500 for Christmas, which is NOT hard to do with a family the size of mine, I know it’s going to cause more stress and leave me with Post-Christmas Guilt and Depression.

I really love my family. And I really love to give them gifts.

But I need to let go of the Price Tag and Budget thing I have going on.

My budget is not an amount I am obligated to spend, it’s a limit to how much I can spend. And this distinction is one I have problems with over and over again. Even while creating the budget, I found a flaw in my thinking.

Let’s say I assigned Co-Worker a $10 budget. My brain right away started brainstorming ten dollar items that would be suitable. I didn’t even think about sales tax if the item is purchased locally, or delivery charges if the item is purchased online.

I do that all of the time and then get frustrated and confused when my budget is blown. People tell me I’m really smart, but when I have these “a-ha” moments, I really feel I should disagree.

What about you? Do you wing Christmas? Do you budget every cent? Do you write a budget and blow it consistently?Are you already done with Christmas? Any advice?

September 27, 2011

Oh Christmas pig, Oh Christmas pig!

Christmas Pig

"Christmas Pig" by Justin Belcher

Here’s a quick little idea I had that I wanted to share.

I have a routine where I empty my wallet daily and put the ones in a little box. I use the ones to pay the kids’ allowances. Sometimes, I have enough ones in there to pay allowances for a month and sometimes I have just enough for the week. It depends on how much cash I’m using, but it overall has helped me always have money on hand to pay them and that’s been a real sanity saver and guilt curber.

I’ve wanted to use more cash more often because I think it limits me better than a card does and I’d like to get in the habit of going cash only for 90% of my day to day expenses.

Now, I have an incentive to do that.

I have a piggy bank.

Every time my wallet looks huge and gross, I empty the coins out into it. I wasn’t really sure what to do with the money this year.

But now I do.

I came up with a little incentive to dump my change into my piggy bank. My change is going to buy my Christmas present to myself. It’s not going to go towards my Christmas present, it will pay for my Christmas present in full.

What’ll it be? Depends on how much money my little piggy’s got when I cash it out at the end of the year.

I figure this will help me in a couple ways.

1) I want to use cash as much as possible as we head into the chaos of the end of the year. I behave so much better when I know I can only buy x amount of dollars worth of stuff because there’s only x amount of dollars in my wallet. With the little plastic card thing, it gets fuzzy. I know I only have x amount of dollars to spend on y thing but I don’t know know, you know? Anyhow using more cash inevitably leads to more cha-ching, cha-ching for the little piggy wiggy.

2) It’ll curb satisfying the wanties. Or at least delay it. And then I won’t be dipping into any other type of money to satisfy the holiday wanties. I think the reason the wanties really kick into gear around the end of the year is because we get absolutely bombed with advertising and subconscious messages to want things that are shiny and bright. Not to mention, most of us shop for gifts and just in doing so we are exposed to things. I’m a sucker for things. Nice, pretty, lovely things.

3) I’ll be doing something for me and it’s not of negative consequence on anything else. Not to mention, I’m a single mom of three wee ones. If I don’t spoil me, no one else will and that’s completely fine with me.

So, I’ll be focused on feeding my pig and fattening him up for my totally self-indulgent Christmas slaughter.

Do you have any totally ridiculous silly little games you play to motivate yourself? Don’t you think my piggy bank needs a name? Should I take a picture of him to encourage a pig-naming brainstorming session?

P.S. Do take a moment to read the article I linked to up there. It is amazing.

September 20, 2011

10, 9, 8…

Launch
“Launch” by Matthew Simanatov on Flickr

There are only ten days left in September? How in the underworld did that happen?

I guess I better do a quick check-in with this month’s goals then!

Employer match: I sent an email to Benefits because I haven’t seen anything yet. Maybe I totally misunderstood the e-mail and it’ll start September. Who knows?

I thought I was going to get three checks this month but I thought wrong. The third check will arrive the first week of October so that changes things. I’ve already set up $500 to go to savings and I’m trying to see if I can set aside a wee bit more. I had some medical expenses come through this month that I wasn’t aware of (surprise deductibles!) and my FSA card doesn’t have enough to cover them. So I had to bump some money that way, but I’ve still got ten days to see what I can come up with.

There’s nothing really to update on the Target card since that was paid off in the beginning of the month.

The laptop’s monitor was fixed. Unfortunately, the battery is shot and doesn’t work unless plugged in. This will be an expense for next month and looks to be upward of $60. The car’s registration was paid. Oddly enough, I got a note that Ex’s car is still not registered and his expired last month. The switch to MetroPCS was complete. So all larger than usual expenses have been covered.

The coupon binder is mostly complete and has been pretty helpful. I’ve been so swamped though I haven’t had much time to sit with it and add new inserts. Maybe I’ll make Eldest do some coupon clipping this weekend.

I did get to read A Visit from the Goon Squad which was awesome. I haven’t touched the blanket because I’m at the point where I have to switch skeins and I just haven’t DONE that. Mental blocks foil me every time.

I went and did the flying yoga thing this past weekend. It was pretty fun but the room was so damn hot I got dizzy and sick and sat out half of it. After though, I went out to lunch with two girlfriends. Yay! Girl time rules!

Ok so the play was replaced with a trip to a comedy show at the Improv. They offered me four free tickets so I went with Friend, his friend, and my girlfriend and no it wasn’t an intentional blind date. We had so much fun, we kept talking about it all weekend.

I’m doing pretty well with the anti-hermit thing although the weekends I have the kids are the bigger challenges. We’ll probably start talking about our plans tonight or Thursday.

Box Tops are coming along quite ok! I even have a couple of girls at work clipping them from the copy paper they use.

Work is coming together better. There is MUCH more communication going on. I have to maintain a pro-active role in that since my co-workers aren’t dedicated to my project full-time the way I am. So yeah, I have to remember that and keep pushing to be the one seeking out the information and keeping things updated. It’s still really crazy though and until the conference wraps, I’m pretty much going to be nuts.

There is some order descending around my house though. Last night I prepared a chicken for the crock pot. I’ve never done that before. At least not in that super fancy way where you rub it and stuff it and things like that. That whole cavity thing is yuck. We’ll see how it tastes tonight.

I’ve been trying to make sure things are mostly ready the night before like the clothes and the backpacks and homework and forms and shoes. I’m trying to do little things every day and have downloaded an app to help me stay on track with the things I want to do but always forget to do.

What about you? Anything you’re aiming for as we enter September’s final countdown?

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