Comments on: Things I’m Glad I Learned on My Budgeting Journey http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/ A personal finance blog for career minded women with small budgets and big dreams. Tue, 29 May 2012 14:43:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Lauren Sainz http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19969 Lauren Sainz Wed, 29 Feb 2012 16:13:32 +0000 http://thebudgetingbabe.com/?p=1479#comment-19969 I'm glad that I've realized what mistakes we've made (my husband and I). They started back in 2006 when we made the decision to buy a house instead of simply moving into a bigger apartment (to make room for baby). We wanted it all too quickly. While we managed to get all that we wanted, we've paid the price in credit card debt interest and student loan interest (I was stupid and took out a $30,000 student loan to pay off our credit card debt). Now, we are mile high in debts to repay and we've learned that we already have everything we could ever need. We only buy necessities and are forcing ourselves to save money every week, even it the amount is small. We're contributing to my husband's 401(k) and are watching it grow by $500 or so per month due to the company match. Things are finally on track, but it took going off track to get to where we are at. I'm gratful to my mistakes. I’m glad that I’ve realized what mistakes we’ve made (my husband and I). They started back in 2006 when we made the decision to buy a house instead of simply moving into a bigger apartment (to make room for baby). We wanted it all too quickly. While we managed to get all that we wanted, we’ve paid the price in credit card debt interest and student loan interest (I was stupid and took out a $30,000 student loan to pay off our credit card debt). Now, we are mile high in debts to repay and we’ve learned that we already have everything we could ever need. We only buy necessities and are forcing ourselves to save money every week, even it the amount is small. We’re contributing to my husband’s 401(k) and are watching it grow by $500 or so per month due to the company match. Things are finally on track, but it took going off track to get to where we are at. I’m gratful to my mistakes.

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By: Addie http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19948 Addie Mon, 27 Feb 2012 18:47:36 +0000 http://thebudgetingbabe.com/?p=1479#comment-19948 Awesome post! I had the hardest time budgeting in college, I've gotten better at it but I wish it was a skill I had mastered sooner in life. Not comparing yourselves to others in your life can be exceptionally hard, sometimes I look at my friends who are buying new houses and new cars and feel twinges of jealousy but I've been trying to become better at paying attention to only my own life. Awesome post! I had the hardest time budgeting in college, I’ve gotten better at it but I wish it was a skill I had mastered sooner in life. Not comparing yourselves to others in your life can be exceptionally hard, sometimes I look at my friends who are buying new houses and new cars and feel twinges of jealousy but I’ve been trying to become better at paying attention to only my own life.

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By: Kylie Ofiu http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19941 Kylie Ofiu Mon, 27 Feb 2012 00:39:37 +0000 http://thebudgetingbabe.com/?p=1479#comment-19941 So many great lessons. I have learned so much on my journey too. The biggest ones have been knowing what I really want and that I don't love or want stuff, I want life experiences. This has really helped me tailor how I spend my money. So many great lessons. I have learned so much on my journey too. The biggest ones have been knowing what I really want and that I don’t love or want stuff, I want life experiences. This has really helped me tailor how I spend my money.

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By: The Budgeting Babe http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19933 The Budgeting Babe Sun, 26 Feb 2012 20:20:16 +0000 http://thebudgetingbabe.com/?p=1479#comment-19933 I bought my car new, for its safety among other things, and intend to keep it for 10+ years. We have very bad winters here, so I needed something dependable. But I agree, I totally do not get spending a ton of money on a status symbol like a Porshe when you can get a safe, reliable car for thousands cheaper. I bought my car new, for its safety among other things, and intend to keep it for 10+ years. We have very bad winters here, so I needed something dependable. But I agree, I totally do not get spending a ton of money on a status symbol like a Porshe when you can get a safe, reliable car for thousands cheaper.

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By: Savvy Scot http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19930 Savvy Scot Sun, 26 Feb 2012 18:11:57 +0000 http://thebudgetingbabe.com/?p=1479#comment-19930 I think CARS is an area where many people budget far too much money. It is a social norm / expectation to upgrade to a better car every few years - but why?? I will never understand why people sign up to spends 10s of thousands on a car when they can get one for a few thousand outright. I think CARS is an area where many people budget far too much money. It is a social norm / expectation to upgrade to a better car every few years – but why?? I will never understand why people sign up to spends 10s of thousands on a car when they can get one for a few thousand outright.

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By: Yakezie Carnival – The Daytona 500 Edition http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19929 Yakezie Carnival – The Daytona 500 Edition Sun, 26 Feb 2012 16:58:01 +0000 http://thebudgetingbabe.com/?p=1479#comment-19929 [...] Budgeting Babe: Things I’m Glad I Learned on My Budgeting Journey – Here are five important lessons I’ve learned about finances on my journey from [...] [...] Budgeting Babe: Things I’m Glad I Learned on My Budgeting Journey – Here are five important lessons I’ve learned about finances on my journey from [...]

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By: Allison http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19876 Allison Thu, 23 Feb 2012 19:57:54 +0000 http://thebudgetingbabe.com/?p=1479#comment-19876 Hey, I finally got the post up you tagged me in! Hey, I finally got the post up you tagged me in!

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By: Missie http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19863 Missie Thu, 23 Feb 2012 05:25:12 +0000 http://thebudgetingbabe.com/?p=1479#comment-19863 Excellent lessons, Nicole! I was raised by frugal parents, but they each could understand the psychological need for a "splurge" sometimes. So I grew up respecting and understanding the purpose of a budget, but also realizing that it's okay to "splurge" sometimes, too. I also grew up learning to treasure and enjoy more affordable experiences, such as a home facial and bubble bath; good movie on TV (or, later, rented VCR tape -- now DVD or Netflix streaming! LOL); a festive, home cooked meal; reading a good book; playing a fun game with family/friends...things of that nature. While it might seem like mixed signals or crossed wiring, I'm glad that I learned -- and am happy to accept -- that "necessities" mean different things to different people, but that sometimes a splurge is important, too. Excellent lessons, Nicole!

I was raised by frugal parents, but they each could understand the psychological need for a “splurge” sometimes. So I grew up respecting and understanding the purpose of a budget, but also realizing that it’s okay to “splurge” sometimes, too.

I also grew up learning to treasure and enjoy more affordable experiences, such as a home facial and bubble bath; good movie on TV (or, later, rented VCR tape — now DVD or Netflix streaming! LOL); a festive, home cooked meal; reading a good book; playing a fun game with family/friends…things of that nature.

While it might seem like mixed signals or crossed wiring, I’m glad that I learned — and am happy to accept — that “necessities” mean different things to different people, but that sometimes a splurge is important, too.

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By: Allison http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19856 Allison Thu, 23 Feb 2012 00:48:41 +0000 http://thebudgetingbabe.com/?p=1479#comment-19856 I am so glad that I learned it is ok to be where I am. I had friends do so much before me, and when I compared lives, I felt like a loser, but understanding that I have a different path made it so much easier. I am so glad that I learned it is ok to be where I am. I had friends do so much before me, and when I compared lives, I felt like a loser, but understanding that I have a different path made it so much easier.

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By: The Budgeting Babe http://thebudgetingbabe.com/2012/02/22/things-im-glad-i-learned-on-my-budgeting-journey/#comment-19851 The Budgeting Babe Wed, 22 Feb 2012 19:56:57 +0000 http://thebudgetingbabe.com/?p=1479#comment-19851 Love that. Good lesson to share. Love that. Good lesson to share.

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