Time Value Calculator

Tech Stuff
I found the link to the Time Value Calculator from an older post over at Mommy Millionaire Next Door's – a calculator that helps you figure out how much you actually make per hour. I was thinking about this just last week because I'm becoming very disgruntled with my job, and am looking for ways to rationalize finding something else… the problem is, I have a very strong sense of loyalty and tend to stick with situations long after I… Read the rest

Just a Few Dollars Here and There

budget
That's how I rationalize a lot of purchases, “I work hard for the money I earn and it's just a few dollars here and there!” When you really start taking a closer look at your finances, it becomes astonishing (and a bit frightening) to realize just how quickly it all adds up. Yesterday I posted a screen shot of our expenses for October and we ended up overspending in the “Groceries, Sundries, Pet Expenses” category by $382.00. Here's some more… Read the rest

The Plan: Step 3 – Just The Facts, Ma’am

plan of action
My next step is to analyze exactly where the money is going. Let's take a look at the month of October and see if we can figure out why on paper we should have extra money leftover, but we keep going farther into debt! As you can see, we overspent by $724.42 during the month of October. Thankfully we've had a cushion in our account, because it would really be horrible to be overdrawn by $724.42. As you can see… Read the rest

The Plan: Step 2 – Budget

budget, plan of action
Okay, here's our budget. I know we could cut down dramatically, but if this is going to work we have to take it slow and easy. So this is what it looks like on paper. MONTHLY INCOME $5272 EXPENSES $5040 $1,350.00 Groceries, Sundries, Pet Food 4 weeks $60.00 Money Order for Bill $700.00 Gasoline $400.00 Babysitter $500.00 Mortgage $60.00 Land Line Phone $335.00 Electricity $50.00 Satellite Internet $10.00 Webhosting $35.00 Trash $57.00 Satellite Television $45.00 Water $112.00 Cellular Phones $342.00… Read the rest