Monday, September 22, 2008
Fasten your seatbelts, it's gonna get bumpy....
So how many of you have been following the BAILOUT news? How can you not? I won't bore you with my opinion or my advice. But I will tell you that I am gonna do: As a family, we tightened our belts in a big way last year. Aggressively paying down debt. Not adding more debt (as much as possible.)
When the housing bubble started to slowly fizzle around here locally in Loudoun County, which has the highest median income in the US, things started to get ugly pretty quickly. There is a nice subdivision that is directly behind Micaela's old school. EVERYONE lives there. Except for me. We couldn't really afford those houses. Well, we could have, but it would have been painful. I am SO glad that we bought a house within our means. I know of several families who've lost their homes. It's a subdivision where keeping up with The Joneses can be very important.
Every once in a while, I would look with some envy in my heart at those houses, thinking that their lives must be easier than mine. They have more space, more room, more of everything. Well, they have more debt, too.
Admittedly, I have made financial missteps, spent money when I should have been saving. Haven't we all? But about 18 months ago, I started to really worry. In addition to scrapbooking and photography blogs, I read the financial news. (My fave is fool.com, Love them! Which leads me to this article:
It spells out what the BAILOUT means to us. What is going to do to our bottom line. And let me just say: I am SO glad that we didn't go for the bigger house, the newer cars, the never-ending pursuit of the Joneses.
On my penny, it says: "In God we trust". I am trusting God to guide me in what I need. No more frivolous spending. No more extras. No more goodies. My house is cluttered with goodies. I have been getting back to basics for a while. I am just cranking it up a notch or two.
I have a feeling things are gonna to get worse before they get better.
I am glad that I am frugal.
I am glad that I know how to make most things from scratch.
I will be using my clothesline more.
I will be utilizing my food storage more effectively.
I will commit to making bread more often.
I will use my library more frequently.
I will do more surveys to earn myself Target gift cards for those lil things to spoil myself with.
I will educate other women on how to REALLY save money with their couponing and power buying....
I will allow God to guide me back to basics.