Reactionary Tales

First Things First

I have been staring at this page for a week.

Actually, make that two weeks; wondering what the first post topic should be. Why is this so difficult? There are many topics, ideas, thoughts floating around in my brain but the decision of picking one is taking literal days. The only thing that is at the forefront of my mind is taxes and Valentine’s Day.

Taxes. Love.

Everyone hates taxes. Talk about complicated. Between the million and one different forms, schedules, deductions, it truly is the most stressful time of the year. My advice? Just don’t adult. Who needs their own home? Is that freelance job really necessary? Can you squeeze by without it? Seriously though, the best way to combat taxes, besides changing your W-4, that I’ve found to be most successful, is saving. Now, we’ve all seen the challenge where if you save 1 dollar for each day of the year, for 365 days, yadda yadda you’ll have $2000 by the end of the year. It’s a great concept, don’t get me wrong. It gets the wheels in your brain turning, thinking about saving money and not touching those savings unless absolutely necessary. The hard part is math. How do you remember to add $1 for day one then $2 for day two, etc. I, personally, have a terrible memory especially when you have a job that is very demanding on your brain power. The best solution is to come up with a stagnant amount that you won’t even notice is gone every cycle. What does that mean? Ok, here’s what we do:

Step 1: Think about how much you spend on fast food and other related activities in a week.

Step 2: Ask yourself is this really necessary. Don’t be afraid to lie to yourself by saying yes.

Step 3: Take that number and cut it in half. This will be your starting point for saving.

Step 4: If you don’t have a savings account with your bank, start one. They’re usually free.

Step 5: Take that number from Step 3 and set up and automatic transfer from your checking account to your savings account for every paycheck you receive. Now, this could mean weekly or biweekly or even monthly. Either way, you decide. In my case, I did weekly even though I was paid biweekly.

Step 6: Watch your savings grow and DO NOT touch it unless ABSOLUTELY necessary. As in, emergency funds only!

Step 7: Smile! You did it! Now all you have to do is keep it up!

The first time my husband and I did this, we raised $3000 in a year. Trust me, if you set up automatic transfer, you won’t even miss it. So when tax season comes around and you end up in the owing taxes boat you can dip into your savings to pay that off, if necessary, while still growing your savings account.

Enough about taxes. Let’s talk about love!

Sadly, there’s less to say here than taxes because love is so easy! Valentine’s Day is tomorrow and whether or not you have a significant other I hope you love yourself.

What’s that saying from Parks and Recreation?

TREAT YO’ SELF! Get some dinner, eat that cake and have a great day!

 

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Nel

Happily married, bookaholic, Netflix-a-holic sharing random experiences and interpretations of my world which is brutally honest most of the time.

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