- September 17th, 2011
OH DON'T MIND ME, I'm just making some mental notes. Feel free to comment if you care. <:
Cell Phone Bill - $45/month
Gas - If I limit myself, I can probably spend only $45/month
Car Insurance - $80/month
I make about $640 a month.
Subtracting expenses, I'm left with $470. Given that I'm a bit of an impulse spender, I should seriously start to wean off of spending so much. At least HALF of this should go into savings.
Figuring that I would put $235 in my savings account a month, I could rack up $2932.80, with the interest included in a year. If I had a second part-time job, I could double this amount, given if I'm working around 20 hours or so and am given the same pay rate.
Currently, I am not completely on my own, so worrying about housing or utilities is not a major thing. However, I could look at some small 1 bedroom apartments. Having a roomate would be financially ideal, but I'm bothered by having a stranger live with me.
Apartments are honestly more ideal suit for me. If I'm alone, I have no reason to have a 3 bedroom 2 bathroom house. Just one little place that is suitable living space for me is perfectly fine. Right now though, I should focus on just working and saving money.
I've had serveral temptations to go and spend, spend, spend. I seriously need to cut this out. For example, I need to get in the mindset of that I don't NEED things, I just WANT them. Truthfully, the only time I'm really away is at work. I don't need an iPod. If it really is that much, the small 2GB nano I got still works. Am I honestly going to be listening to 250GBs of music where I'm going? Probably not. Besides, my radio has a CD player, so it's an acceptable substitute. If I want to make a playlist, buying some CDs to burn will be cheaper.
I need to talk to my phone service provider about cutting off the internet on my phone. It's slow, and doesn't connect half the time, and isn't even worth the extra $10/month. Besides, if I really want some kind of wireless internet, I could just use my 3DS. It's hella a lot faster, has a bigger screen, and is FREE.
Given that a lot of the games I own now can easily be downloaded as ROMs, perhaps I should sell the ones that I don't desire. Surely games like Donkey Kong Country, the Wind Waker, and the like will surely stay. But when was the last time I've picked up one of the Sonic Advance games? The many SNES cartridges I have laying about at my mothers? I may not be able to get much from these, but if I focus on "buy a game, enjoy it, beat it, sell it for whatever", I can at least get the entertainment and some of my money back. There are always some treasures to be kept. Maybe I can consider looking into a gamefly account once I finish the mass of games I got. Also: avoid ported games! Sure, it's "MY FAVORITE GAME...ON A HANDHELD", but if I have the original laying somewhere, I don't really need it. The features they add may not be worth $35.
Can I possibly limit my spending to $50/month? Surely. I do have food at the house provided, so unless I want to get specific things, I can stick with canned soup all the time.
So, backtrack, I'm making about $640 a month, and $470 is left of my expenses, I should like 75% of that in the bank and leave the rest in my checking, in case some emergency arises and I need the money (such as issues with the truck, if my computer goes kaput, etc.)
The last paycheck of each month, I should take $50 out and have it on hand. Perhaps, if I left my debit card at home at times, or if I simply hid it in my wallet, I may be less tempted to spend.
So, here you go son, you got $50 a month to spend on yourself. Want a vidya? Sure, why not! But remember you'll only have what's left. Also, things that I buy such as soda will fall under my "spending money". You got an addiction, at least pay for it. Maybe this way, I can somewhat break my habit of gargling sodas like crack if I see it's getting in my way of buying things enjoyable.
I think my spending money should rollover as well, to encourage myself to save it rather than blow it all away that month.
So things such as a $150 Wii will have to wait 3 months. But in the end, I'll feel less guilty about buying it if it means that I truly earned it versus me just buying it because the money was laying there.
I am looking towards buying a vehicle, though. I figured by the time I am somewhat able to be in a good spot to put a hefty down payment on one, I'll be older, and no longer will the insurance companies discrimate me because of my age group. I'd say...about 21? Or do they start dropping at 22?
I may truly not be ready to move out on my own or buy my own vehicle. But at least with this, I can push myself to stop indulging on useless shit and feel a little more secure and independent knowing that if something horrible was to happen, I at least have some sort of financial cushioning.
P.S. Plan to make a trip back home home to gather a bunch of shit to sell on eBay okay.