Feeling financially bloated
So just the other day I went out with Baby Bun touring the city, and caved in to buying this really pretty linen silver scarf for $90.
Fresh off my shopping high, I went to a Korean beauty store and bought 4 face masks for around $3 each.
.. then I went home and looked at what I bought.
Correction: I looked at what I bought AFTER I used one of the face masks and gagged from the super sweet cloying floral scent that they put in the mask.
It stank so badly (to me), I had to wash it off my face.
I don’t think perfumed products are my thing any more because I am just not used to having things being scented any longer.
Anyway, I sat there, looking at these things and saying to myself: $100. That’s what is sitting here in front of me. $100.
Then I ended up returning everything and getting back about $100 (minus one face mask which I think actually did help my acne but who’s to say if it really worked or not?)
WHY DID I RETURN EVERYTHING?
It’s not as if I can’t afford it.
(Not on food though. There will never be another chance for me to be living downtown so close to food that I have been willing to set aside up to $1000 a month just in treats and eating out. I just ate $10 worth of macarons today in 2 minutes.)
I returned everything because I felt bloated.
Not in the physical sense but emotionally bloated.
I NEED A BREAK FROM SPENDING
I have been gorging on spending like crazy, buying things without thinking (I blame the late night milk pumping sessions and the exhaustion of handling a newborn!), that I want a break from it all.
I need a break to NOT buy anything frivolously, and frankly, did I really need another super pretty, silvery, gorgeous, linen scarf?
(Don’t answer that. I could buy it again if it went down to something like $20 after taxes.)
Do I really need anything? No.
I am even hesitating on buying my celebratory pair of neutral ballet flats in a dark brown from Etsy because I’m hemming and hawing over spending about $125 on them (shipping and taxes included).
I know I will eventually buy them, but I almost feel like I have to wait until I start seeing my net worth climb and income roll in for a few months again before I can relax and spend money.
…which is totally ridiculous because I have income that is going to be coming in spades and I choose NOW, THIS VERY MOMENT to not spend money when I have been spending thousands without ANY income?
REASONS WHY I AM CUTTING BACK ON SPENDING
Going to eventually buy a condo next year or so
BF has been kind of gung-ho on this which has surprised me, but .. has gotten me excited too.
He really wants to buy a permanent condo in cash and move in and get settled, particularly with my egging him on with reports of how the market is slowing down. The prices of homes have been steadily dropping and it looks like there are MORE condos coming to Montreal which will drive the prices down even more.
Independently, he had also been tracking / doing research on the prices of condos and has observed them dropping year after year.
Even the rent in these condos that I am sure people purchased as investments, are starting to drop and become cheaper.
Some homes are going for at the city estimate or even slightly below (but they’re undesirable, as they’re on the lower floors of the condo building).
Anyway, I need cash (about $200,000) to make this happen and right now my bank account is at $5000 in liquid, actual cash.
I’d have to liquidate some investments (I am loathe to touch this money) to make it, and I want to see if I can pay for it as much as possible, in cash.
Want to bring Baby Bun to see his family in Europe in 2015
Baby Bun was a HORRIBLE traveler going from Toronto to Montreal in the car, but then again, he was alone in the back, facing backwards in his car seat, he couldn’t see Mommy OR Daddy (although I sang to him until my throat was hoarse), and it was his first time in a car seat.
Otherwise, I think he’s actually a pretty good traveler if given the chance.
We’ve been taking him out on mini trips to the markets around the city and he has been able to fall asleep in his car seat and not whine too much, and he’s getting used to the idea (resigned, maybe?) of traveling.
Therefore, once he starts being able to walk and perhaps speak a little bit, I want to see if I can travel with him to Europe. He will be easier to handle once he can walk, and I really REALLY want him to meet the other half of his family.
He won’t remember anything but I am not going for him as I am going for the adults.
I will see how he handles mini trips here and there and then gauge when/if we can go to Europe next year after my contract is over to visit everyone.
Of course, this trip / vacation means I need $$$$$ to pay for rent and for traveling expenses. I’m budgeting about $6000 for this.
Want to see my net worth grow to $400,000 by 2015
It has been about 2 years, almost 3 that I have been flogging the goal of having my net worth hit $250,000. This is a certainty for this year, but now I’d like to stretch and reach $400,000 by the end of 2015.
Will I make it? I hope so, but it’ll mean saving $25,000 where there is nothing left to save even if I cut back on miscellaneous spending.
Realistically, I can save to reach at least $375,000 by the end of 2015, but $400,000 is a serious stretch.
Of course, this is all well and good to say all of this.. but to actually see it happen? Let’s see.
Note: I probably will buy those shoes. In September or October, though, once some money starts flowing in.