What I Have Learned

Posted 07-16-2013 at 01:11 PM by Krista

I have talked in the last few articles about the Dave Ramsay Money Makeover. I should probably go ahead and provide a disclaimer: I am not being endorsed or paid by Dave Ramsay! That would be great, wouldn’t it? Anyway, I thought I would write and share some of the struggles I’ve had with it so far.

It’s interesting—and annoying, that too—because I’ve always considered myself to be the “frugal” one, the one who was good with money. And while it’s true that I’ve kept our financial records and balanced our check book for many years of our marriage, I have come to see that I haven’t been managing our money near as well as I could have or as I thought. It’s disappointing to realize that, but humbling too.

I think it’s so easy to get into the habit of blaming your partner or circumstances for your financial state. Truth be told, lack of financial planning and lack of discipline could probably describe what happens to most people’s finances. I am not saying any of this to sound holier-than-thou; believe me, I have my own work to do, and have definitely have made my own mistakes.

My husband has been blamed for the state of our finances for a while, because I didn’t see how it could be my fault. Now I see it a bit more clearly. For one, we have a gas card. We thought it was OK if we only put gas on it, but part of the problem there is that we never paid attention to how much we were putting on—I gasped and grabbed for my heart nearly every month checking the balance—and didn’t care about staying in to save gas. Because, after all, if we needed it we could just put it on the card.

The card offers 15 cents off on every gallon of gas, but with the interest on purchases we were just breaking even. If you’re not saving any money there’s really no point to the card, is there? Truth is, make excuses as we might, credit cards keep us in the debt.

The other thing I struggle with is a grocery budget and set meal plan. I am sure plenty of you have this down to a science, but honestly, I am bad about planning two weeks ahead (which we have to do because of his pay cycles) and to me, a meal plan is a guarantee I have to cook every night. I am sure I will get used to it, but it’s hard right now. It’s so much easier to just go out to eat! But it goes without saying that this is cheaper, too.

I have trouble sticking to a grocery list. I never realized this about myself until my first shopping trip with a set in stone grocery budget. My budget is two hundred a month for a family of four. I don’t know yet if we can do it, and there might be a lot of sandwiches and Ramen until we get it figured out, but that’s what we started with. I like being able to grab whatever I want and just buy it! It’s hard to ignore that temptation!

Those are the things I have learned so far. I am looking forward—and dreading at the same time—learning more! May God help me, and my husband not kill me! Have a good week, everyone!

Filed Under: Savings Talk


2 Responses to “What I Have Learned”

  1. Jpgrl75 on July 17th, 2013 12:15 pm

    I’m the same way – I’m half way through the book and been talking to DH about our game plan starting Aug 1st. I take care of the bills and budget and would normally blame him for something when really – it’s been me all along! I would dip into savings to get a pizza instead of cooking. I would dip into savings or be totally fine with some credit card purchases thinking we’ll be able to pay for those next month. Yeah no. lol It’s going to be a HUGE mind shift for us to start Dave’s plan but I’m super stoked about it! We are always so stressed and I hate living this way. We have a nice life but the thought of a debt free life already feels amazing. :)

  2. NewMommy6111 on July 17th, 2013 2:56 pm

    I do alright with a grocery list. If I didn’t have one every time I went I’d forget EVERYTHING we actually needed. But, like you, I suck with a meal plan. Our family is on food stamps (no haters please, you don’t know my sit thanks), so I feel like when we get them on the 21st it’s okay to go on one shopping trip an indulge, then a week and a half later we have no food and like $150 left for 3 weeks, so I’ve gotten good at building meals out of mostly want we have laying around.

    A good way to cut back on food spending that I have found is to 1) not take my DH and 2) don’t take the kids or allow them one item of choice that is under $3

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!

Leave Your Comment Join Diaper Swappers or login to comment!