Journey to Future Freedom

Tag: work

  • Budgeting…

    I had a recent conversation with a colleague and was blown away when he said he had no idea how much money he spent in a week. Back info he is a single male. I declared, “But you must know!” He said no he would have no idea. He just takes his pay check pays bills and spends the rest.

    This alone nearly gave me heart palpitations. I have a budget. To be honest it is one of the things I really enjoy doing each week(call me geeky). Some weeks it’s frustrating but most weeks I love seeing just how far we can stretch the money. We don’t live week to week, nor month to month. I budget based on annual expenses + 5% and I review this every monthish based on what we have coming up. We have sinking funds an emergency account and additional savings accounts. We are not wealthy but we are comfortable.

    I have trouble sleeping if I feel as though we are not prepared for the unknown. So it totally blew me away that he was so blase about how he spent his money. I think the frustration came from the fact that he often complains he will never be wealthy or have anything. I felt like shaking him and saying, “Do you realise how much you are wasting each week?” His opinion, life’s short it’s not worth worrying about.

    Luckily his finances are none of my business nor worth me stressing over but it did leave me thinking. What is the difference between him and I? Is it education? I often think about the legacy that we will leave for our children and Grandchildren but he has a child and Grandchild so it isn’t that.

    I know that I have always been interested in budgeting and how I can make my money grow with little effort on my part and because of this interest I have educated myself and spent lots of time reading up on these things.

    I feel as though a budget is a necessity and should be it’s own subject at school for at least one Semester. We wouldn’t have savings without a budget as it would all just disappear into the oblivion that is life.

    Do you budget or do you wing it ?

  • What do you do when you don’t like your job but you can’t leave?

    We own a collision repair business…so you crash your car we fix it. I kind of landed in it when the business started to grow. I left my job as a teacher and came to work with my husband and I am now the admin person. It’s been this way for 10 years now.

    Surprisingly we get along really well 99% of the time and the 1% is usually caused by outside influences. Working together is fine although I would love at the end of the day to ask, “How was your day?” and not already know the answer. It would be great to add to the list of things we get to discuss.

    The problem lies in the fact that neither of us really like the job. I am not a lover of cars and never have been. There is also the fact that the customer that comes to you has crashed their car or someone else has and therefore they are in a slightly heightened state of emotion over it already. Insurance companies take their time. Parts take forever to get to NZ if they are overseas and I am generally the bearer of shit news for the customer. Which I cop it for. I get that! But the reality is…I didn’t crash the car. I am the one trying to help get it fixed.

    There are very few decent staff available in our industry and therefore this limits the amount of work you can get through and creates a world of problems in itself. When you have shit staff you have a hard time getting rid of them and when you have great staff you feel constantly pressured to keep them happy.

    So where does this leave me. Sadly I have bills to pay and I feel kind of stuck so I guess the only way forward is an exit plan? It needs to be fairly solid as it’s not like one of us is walking away from a job we both are….
    What would you do?