Friday, January 11, 2008

My Biggest Money Accomplishments

Well, you know about my mistakes, but over the last year I have made some great progress. Here are some of my biggest accomplishments. Please list your own. I find them very motivational.

1. I stopped adding to my debt. Probably one of the best things I have done for my financial situation. I do not use credit cards anymore. I can’t say I have done this consistently for an entire year, but everyday gets me closer to that mark.

2. I cut up my credit cards. Obviously this is in direct relation to the first one. However, I can’t tell you how freeing it is to cut up your cards. We were dependent on them. We used them every month for things as necessary as groceries… but I don’t miss them. It has also lowered my stress level significantly because the option to use them is gone.

3. I found money. Yup, every month I was paying more than I needed to for things. I did this in several ways. I combined my cable, internet and phone service saving fifty dollars a month. I also changed my cell phone plan which was only supposed to save me ten dollars a month but it somehow turned into fifteen. I stopped contributing to a couple of savings plans in order to get my debt paid down faster.

4. I have never stopped contributing to my retirement for any reason. Technically I have been doing this for 8 years. That is my mandatory state retirement though. Two years ago when I graduated college and got a new job I began contributing to a 403b. I have not let anything keep me from doing that and I love opening that envelope every month and watching those numbers get bigger and bigger.

5. I just pay more attention. And, I think that can make all the difference in the world. I think about purchases now. I think about how much something is actually costing me in terms of how much I will use it and how much interest that money could be accruing in the bank. I analyze my accomplishments and my mistakes to see where I need work and where I am doing okay.

Please add your own accomplishments to this list. I know if you really think about it you have made some progress somewhere!!


Father Sez said...

Well done.

It is good to reflect on the good things which will slowly add up and obliterate the mistakes of our past.

I have also done some "little things" which are adding up.

(But your not adding debt is a big thing, don't forget that.)

Jen said...

Thanks! I am trying... it really is tough sometimes. You know adding to your debt is the easy way out. Not adding to it is the tough road!!