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, March 25, 2013

Saving for Baby

   Of course we want our son - who has not arrived on the earth yet - to be as financially responsible as his parents. So we are starting him off right with his own little savings account. We will also start him a college fund through Florida Prepaid. He WILL go to college. And should he receive a scholarship of some sort, it's just another savings account for us that we can cash in later.
   To get him started, we took our laundry room mason jar that serves as the catch-all family piggy bank and sorted the coins. I rolled for hours while we watched a few movies from RedBox. At the end of the day, we had $65 dollars to take to the bank. Not bad for his first savings deposit! I cashed it in and will set it aside to put in an actual, tangible piggy bank for him in his room that he can add to once he's old enough to earn allowance and receive birthday money.

Monday, March 4, 2013

iPhone Hot Spot = No Home Internet

   Last year, we cancelled our home internet to save money. We just didn't use it enough (at all) since we both have internet at work, and an iPhone. Later in the year, we started a side business and found that we needed home internet for email, placing orders, receiving and printing invoices, website stuff, etc. I called the only internet provider in our area, CenturyLink. I loathe this company and their customer service is the worst in the world, 2nd only to Wal-Mart and Rooms-to-Go, so I dreaded starting service with them again. They advised me it would be a minimum $45 bill to have monthly home internet.
   **Side note: We will be moving the office from one room to another because of nursery planning, so I knew they would have to send someone out to move our wires and cables in the wall/attic. The last time this happened, they told us "they would have to charge an additional fee for labor since we have a split attic". WTF? So Ian had to crawl up there and do it himself! We would have to do this all over again if we signed up for service again. Frustrated.
   Then I thought about wireless internet and the hot spot capabilities some smart phones have. I called AT&T and asked about this process. Long story short, for $20 they added a hot spot capability to my iPhone and we can get internet using WiFi on the laptop! My new plan has 5Gs of data usage (foreign language to me) and I'm only using 1.3 of that on my iPhone itself. So there is plenty left over to use the computer at home for the few hours a week we need it to conduct business or personal matters on the Web. The savings here is $25 per month, at minimum! Bonus: With WiFi on my phone, we can use Ian's phone to Facetime our friends in other states and countries :)