January 4, 2008

It’s time to get down to business!

While formulating my financial plan for 2008, I said that I ran into a series of walls and needed a break. I’d crunched the number every which way to Wednesday, and still couldn’t stretch my income to cover my savings AND expenses. Know why? Because I was turning a blind eye to what I was really doing: ignoring the expensive drain on my cash stash.

The huge barrier to my ability to save and plan a new year is my inaction regarding selling the truck. It was identified as a problem months ago, but the convenience of a third car, especially after Ma bashed in the front of the second car, has been luxurious and I let myself get complacent.

Well, no more o’ that nonsense!! I’m running short a full $400 per month just because of a danged car payment that I didn’t want in the first place, and it’s stupid to let it affect my plans for the year and then get in a funk when the numbers don’t work. Of course they don’t work, dummy, it’s time to get rid of that thing! Hmph!

This year, I’m taking the financial planning back to the basics.

Part 1: Reduce Expenses. Part 2: Increase Savings.

Stay tuned.