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A $24,000 Loss – The Sequel

Three weeks ago, Super Frugalette and I swapped blog posts about our biggest financial mistakes. Her $24,000 loss due to a bad work contract got so much interest that we both thought a continuation post was a great idea! Here is the sequel to my biggest financial mistake…. So the biggest mistake was that I did not have a lawyer look at the document. Yes, I lost $24,700, but within 6 months I received a $10,000 raise and my bosses’ job. Here’s how. After the Work Take Over When the new owners took over, jobs were cut left and right. Since I was the lone person in the marketing department, I had some job security. I continued my work basically without a boss for months. The new owners were frequently away. One day when one of the new owners was in Maryland, I was called into his office and informed that I had a new boss. She was a French woman who had spent years working in South America. I was informed that I was going to start working out of the Florida office. Yes, informed. I would be commuting from during the week to a different state. I did … Read more…

I’ve Started a New Site – How I Make Money Blogging

Hi everybody! Yes, it is official. I have lost my mind and decided to start another blog – How I Make Money Blogging. It is a brand new baby blog that has only just taken its first steps into the blogging world. It doesn’t have any beefy info on it yet, but I wanted those of you who were interested in making money blogging to be able to follow along as it develops. My plans as they stand now are that I will be using HIMMB to blog about blogging more than I do on Budgeting in the Fun Stuff (yes, believe it or not, I am holding myself back). I will also be using it to give you a behind the scenes look at working from home full time, which I will be starting to do before the end of this year! Woot! Budgeting in the Fun Stuff will still cover the personal finance aspects of my life, including how we will get by without my day job. But How I Make Money Blogging will get into the nitty-gritty details of what I actually do online to make money blogging and through writing in general. It will be where … Read more…

Frugal Tips for the Pet Pooch

As a few of you know, my husband and I share our home with dogs – a 13 year old Dachshund, Miss Doxie, and an 8 year old Pug, Mr. Pug. I say “share” because I don’t see anyone saying they “own” Miss Doxie…she is almost cat-like, I swear. Thanks to major allergies, Mr. Pug is already a pretty expensive pet, so we do cut back where we can as long as it keeps everyone happy. Here are a few frugal tips I can suggest for your pet pooch. Dog Tip#1 – Doggy Treats I know that dog treats can easily add up if you are buying $5 bags every couple of weeks. I realized that our dogs were going just as nuts for a dropped ice cube as they did for a liver-flavored whatever. So now, I am a big fan of using frozen green beans to make our dogs flip out. They’re healthier, cheaper, and we have them around all of the time anyway. Any frozen green vegetable works – broccoli, spinach clumps, lima beans, etc. Mr. BFS and I just like green beans better, so that’s what we have in the house. It works for us. The … Read more…

Net Worth – Do You Include the House?

I do include our house in my net worth calculations. I noticed that this is a slightly controversial issue in the personal finance world, but I don’t know why. Isn’t it pretty easy to simply deduct the home equity from a calculation to arrive at a new amount if you rather not include the house? Here is why I include our home in my net worth calculations. Net Worth – No Value, But Debt? If I did not include the estimated value of our house, my general net worth calculations would be way off if I did include the remaining mortgage debt. I have heard people say that it is more realistic that way, but in what world would you ever take into account the debt for something without taking into account its value too? If I had $65,000 of credit card debt, that is pure debt with no inherent sales value. If I have $65,000 of mortgage debt, that is debt that could be repaid by selling the house itself. Right? I understand that I may not be able to sell my house immediately, but in that “what-if” scenario, then why would my mortgage debt need to be paid … Read more…

Weekly Money Update #24 for 2011

By popular suggestion, I will only be having monthly blog stat and income updates from here on out. But I am still a proud participant of The Saved Quarter Challenge! The Saved Quarter Challenge Update I joined The Saved Quarter Challenge this year and was aiming to save at least $21,000 by the end of 2011, but we hit that goal in mid-June!!!  My new goal is to save a cool $42,000 by the end of 2011 instead!  That would be a tiny bit more than 50% of our GROSS pay from our two full time jobs!!! Here’s how I’ve done this week for the Saved Quarter Challenge: I have better updates after the 13th of every month since that is when our billing periods end, but here is where we funnelled away money this past week: 401(k) – $80 Blogging Income – $1000 That blogging income was a combo of freelance work and regular ads. I’m building my blogging income account at ING up to $10,000 by the end of September to be a backup fund when I start blogging full time. The new $42,000 goal is hopefully going to be reached solely through 100% true savings – 401(k), Roth IRA, emergency … Read more…

How to do Your Saving Research

The following is a guest post about savings on behalf of Money Supermarket. Recent research suggests that saving money is the highest financial priority across America. Over 30% of respondents felt that increasing their savings was their most pressing concern. In a time of global economic recession and difficult financial times however, this may feel easier said than done. Where do you start when you want to create savings? The golden rule is to research and create a sensible plan which you are happy to put into practice. Many people create a plan that involves major sacrifices. The difficulty with this however, is that human beings are, well, human and feelings of punishment are not very motivating. It is much better to create something lasting and acceptable. Firstly, create a spreadsheet of income and expenditure so that you know the amount of savings you can create each month. It may be that you can reduce some of your costs. For example, monthly gym fees that you pay although you are too busy to get to the gym are simply wasted money, but have a great deal of savings potential for you. Instead of paying that money to a gym, you … Read more…

My Business Cards Have Arrived!

I mentioned the business cards I was ordering for the Financial Blogger Conference 2011 a couple of times now.  Well, they have finally arrived!  I ordered two types and think they are both pretty cool.  Woot woot! Since they are small and my camera is not awesome, here is the best picture I could get of the front and back of the main design (you can click on it to zoom in if you’d like to see the details): And here is the tote bag: What do you think?  I  am satisfied overall but wouldn’t suggest the mousepads from Vistaprint – mine was cut crookedly…