Why Money Matters

Rubbing Pennies started as a personal challenge to save $10,000 in one calendar year. As a young couple, we (Ian and Jen) know how important it is to live within your means, avoid acquiring a lot of debt and have a healthy financial cushion to fall on in case of emergency. On April 10, 2010, we set out on the journey of marriage with two steady incomes, a newly purchased home, one vehicle payment, and a very modest savings account. In an effort to beef up our piggy bank, we launched Rubbing Pennies in January 2012. This is our story of how we love the life we live, and how we can afford it.

Monday, June 18, 2012

Slowly But Surely

   It appears we have lost a little steam on this savings train. Mostly because it is really hard! In the last few months, we have taken some financial blows. We attended Ian's sister's wedding in Savannah which included gas to and from Savannah, renting a condo, food and drink while we were there, wedding gift, etc. The following week, we had family in town for 8 days = $300 grocery bill. Plus, going out of town and having people in town means taking days off work, which for Ian means less sales, less commission, smaller paycheck. Our car ($710) and boat ($280) insurance came due. Ouch.
   We have had minimal to no opportunity to save money over the last few months. BUT, keeping up with simple savings habits has helped a little. I am proud to say I have brought my lunch to work every day this month. Turning down lunch invites on numerous occasions was difficult but had to be done. We celebrated Mother's Day and Father's Day with delicious homecooked meals and homemade cards instead of gifts that neither parent really needed anyway. Instead of going out on the weekends, we have invited friends over for dinner and played games in the backyard like cornhole and used the pool table quite a bit.
   Unfortunately, we were not able to put much in savings recently, but we haven't had to take any out to pay bills either so I still consider it a win. Keep on truckin'.

1 comment:

  1. P.S. By paying our car insurance every 6 months, instead of monthly, we are saving $24.50/month = $294/year!

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