talkin' about a revolution.

Jordan and I had an amazing conversation tonight (about money).

He consistently feels like he doesn't have any money and is most often $20-$50 in his overdraft (which has a $100 max).  This is a bit of a cycle, because each pay day he starts with a little bit less.  Although it doesn't have the same interest ramifications - I compare this to the cycle some folks get into with pay day loans.  He feels like money is going in to all these different places but doesn't have a handle about where/what that money is going/doing and is rarely sure about how much he has left to spend (hence the OD).

I have been trending to use my visa more often then I should.  I generally can pay it off - but sometimes it takes me a pay period or two.  With so much money going to debt repayment, I fear that I won't have enough money to reach my goals  - I struggle with easy/stress free management of my money.  I over (or perhaps under) think money needs/wants which leads me to be in a place mentally that I don't like.

We are both tired of trying to figure out who's money is doing which job and if it's doing enough of that job.  We're tired of 'owing' each other.  We see ourselves as a unit and a partnership and while not married - are legally common law.  We feel like our money is not being managed in the way we are trying to manage our life and this leads to a disparity. 

Jordan said to me tonight "We've inherited each other." He went on to explain that he wants to walk-the-walk in terms of taking on each other and our debt/savings obligations together.  I agreed, 100%.

We talked about our fears.

• I have a fear of not having enough money set aside for the life things that we want to accomplish
• I have a fear of spending too much discretionary income
• Jordan has a fear of running out of money
• Jordan has a fear of not knowing where all the money is

He asked if I was happy to do all the math and figure all the money out and  I was able to really think about that question.  I am happy to do the day-to-day tracking of money and come up with excel spreadsheets that do all the math for us, but not unless Jordan is a part of the process in coming up with our goals and plans for managing money.  I can execute if he'll help develop.  I want us both to be a part of the planning.  I don't want either of us to have the opportunity to resent the other. 

Jordan said he trusts me.

I listed to his needs.

We're ready to take the next few steps in organising our life and our plans.  We want to work together to come up with a plan and a budget that works.  We want to have the same savings goals.  We want to have one joint account where all the money lands, and our own personal chequing accounts for our 'allowances'. 

Jordan wants to know that the money his account is for spending and has no other job.  I want to know that our future plans are taken care of.  Jordan wants to know that we have money set aside for random trips to visit my family in BC.  I want to know that Christmas is paid for.

We're going to take care off all of those things and more, together.  I'm so looking forward to sharing this journey with you all.

Thanks Girl!

Back in the beginning of May, Girl Makes Cents mentioned offhandedly that Proctor and Gamble had a brand sampler package available.  All you had to do was sign up on their web page, and you could get a whole bunch of free samples!!

Well, I had some free time so I clicked the link and signed up - I then promptly forgot about it.

When I walked in the house on Friday, my roommate handed me a package.  He asks me to open it and exclaims that he tried to sign up and get one too but they weren't offering them anymore (there was a website on the outside of the package).  It was my P&G free sampler package.

I'm really looking forward to trying out these items and will be sure to tell you if I've been converted to any of these products!

Bi-Weekly Budget & a Question...

The Breakdown:

• ING Transfers have no changes = $275
• Transport/Food/Entertain/Other categories have no changes = $300
• Joint/Bills Account has no change  = $287.50
• Student Loan has no change = $300
• Bank Fees - same same

so what changed, and where's my question?

My horse board up until this point has been $165/month.  During the first week of July my boarder stopped feeding hay and Starlight is now on full pasture.  He has kindly pro-rated what I over paid for July and thus I only owe $27.50 for the month of July.

What do you think I should do with the left over $275 this month?

I'm inclined to just make an extra student loan payment, but if you look at any of my 'funds' on the side bars   ------>>>> Do you think I should put the money in any of them?

New Roommate!

I'm sure most folks who read Jessie's Money, know that Jordan and I have gone through about a year of ups and downs when it comes to roommates.  That said, it's that time again.....we've found a new fourth roommate.

This one is a bit unique.

We met Roommate X's parents last night.  They are moving to another city, and their son (Roommate X), wants to finish his grade 12 year in this city.  We gave the tour of the place and chatted for a few minutes about rent/utilties and lightly on our lifestyle (not a party house) and they told us about their son.  He is currently going to the same highschool that Jordan went to and they both took (are taking) similar courses in school - plus Jordan used to play football - the same position that Roommate X currently plays.  It's sort of earily weird.

The parents will be paying rent/utilities.  He goes to school and works 20-30 hours/week - plus he plays football.  His parents said he's not around a whole lot.  They seemed like absolutly steller people!  I think this is going to work out well.

That said, our current roommate didn't seem so thrilled (our last roommate was his best friend and he had moved in w/ him).  He has been talking about joining the Army - so we wern't sure on his longevity.  Plus his money management sucks!  (think pay day loans)

Rent is the same as it always is $500/month plus 1/4 utilties and $500 DD.

Our rent is $1,350 - so with our other roommate that leavges $350 for Jordan and I to pay plus 2/4 of the utilities and maintaining the household (we buy garbage bags, cleaning products and maintain the outside of the house for the most part).  It's everybody's job to maintain the cleanliness of the inside of the house.

This is going to give Jordan and I the opportunity to get our emergency fund back up to a healthly $1,000 in no time.  Seeing as how Roommate X will be with us until the end of the school year (so...i think 10 months - until next June).  We're looking at about $5,000 to perhaps get a few other 'funds' funded (have to talk to Jordan about that first).

Wish us luck.

Grant Money!

Jordan got a fantastic letter in the mail yesterday.

As part of his apprenticeship he'll be receiving a $1,000 grant to be deposited within the next ten days.  He had applied and we've been hoping for it for the last few weeks, but getting the confirmation letter sealed the deal!  He'll also be eligible to apply for another $1,000 grant when he completes his second year and a final $2,000 grant for completing his third year and the program.

Currently, he's planning on giving me $500 to replenish my emergency fund.  We had depleted this when we had truck problems last month.  He had also wanted to buy me some winter boots - and the rest? I'm not too sure.  Both of our birthday's are next month so he may be saving some for that.  I know that he's also looking forward to just having a bit of fun/play money for a while.

Hurray to Government grants. Thanks!

New Shoes!

Aren't they just beautiful!

I've been on the hunt from some new ropers that are functional riding boots.  I  also wanted boots that I could wear doing other activities (light hiking, camping etc).  There are so many 'cowboy' stores in my city - but so many are just for looks.  With stampede coming the fake cowboy fever is hitting this city with full force - so it's been a bit of a challenge.

Can you see those tags! I saved $65 or 52% of the original price!

Update

There isn't a whole lot going on this early in the week.  I've entertained a few e-mails about my car, but so far no one has come to see it.  We've also shown the room to two people - both who were interested, but so far no one has put a deposit down.

I spent the weekend gardening.  It's been raining off and on for two weeks and we actually had some sun on Saturday/Sunday.  It felt great to get my hands in the dirt. Strangely enough - we actually have some carrots growing (and we didn't plant any).  We still haven't planted potatoes but I think the fear of frost in my neck of the woods is finally over - so I hope to do that next weekend.

Hope your weeks are going well!