Saturday, April 15, 2017

Inch One Hundred Sixty-Six: Keeping My Accounts

Back in January I wrote about putting stringent monetary controls in place so I could achieve some upcoming financial goals. I had two looming expenses at the time. The first expense was meeting my 2017 out of pocket and in network medical deductibles ($1500.00). As of the last EOB, I am within $5.00 of accomplishing that, and with the EOBs trailing the actual medical bills, I know I have met that figure early on.

The second expense, a goal really, was buying tickets for the whole Pacific Northwest contingent to fly home in July for a week together. I bought the tickets on the last day of March, managing to reach that goal in the first quarter. That expenditure ($2150.00) knocked my account (my "expense account," now renamed my "goals account") to under $300.00, but with recent deposits, including my March mileage check from my job, I am closing in rapidly on a balance of $1000.00.

For someone whose finances have ranged from tight to tightest for a decade and a half, being able to see I almost have $1000.00 set aside in an account separate and apart from my daily checking account is a stunning moment. I all but blink back tears when I think back over those years: a lengthy separation and divorce during which I shouldered 99% of the expenses of two households, the medical catastrophe of an incurable and expensive cancer, being unable to work for over a year, a bankruptcy, and on and on. There were long stretches of time, even as my finances stabilized, even after Warren and I married and both of us had more financial stability, when I wearily wondered whether I would ever get past living paycheck to paycheck. [A note: Warren and I keep our finances separate. When I talk about living paycheck to paycheck, I am talking about myself only.]

And here I am.

I continue to print out my pay stub every payday and pen out where my dollars will go. This has been a great visual tool to keep my mind focused on the relationship between money in and money out. On the home front, I am tracking our 2017 monthly grocery/household expenses and we have dropped them from $200.00 a month (not counting eating out, which continues to regularly come in under $50.00) to about $175.00 a month. (Thank you, Warren, for being as thrifty as I am.) And thanks to my outright antipathy towards shopping and mindless consumer consumption, my expenditures tend to be few and far between.

In Walden, Thoreau often wrote of economy, which is fitting given that his time at the pond was an experiment in seeing how close to the bone he could live. In my recent rereading of the book, I came across this wonderful bit of advice: "keep your accounts on your thumb nail."

What a great sentiment! I don't do my nails ever, but if I did, I would have $1000.00 painted onto my thumbnail, just to remind me of how far I have come.


Laurie said...

Well done, April! I know it couldn't have been easy to climb back out of that hole. I know something of what you experienced after divorce, though did not have to file bankruptcy. You must be so excited about July!

Darla said...

You must be feeling pretty great about this.