by Jeff on October 5, 2009
Well, it looks like my previous post on the true cost of your car was quite a big hit. If you missed it, read it here. It was quite a popular post, so I figured I’d do a follow up when the situation has changed, and I was able to get myself a new (to me) diesel truck (or car). I had figured that saving for this goal would detract from paying off my credit card debt a bit, but with the situation that my car is in, I figured it’d be the wise thing to do.
Dont you hate it when you have this grand financial (or other) plan all worked out in your head, then the wheels fall off?
I do too.
So, there’s been alot going on with the car situation lately, and I just wasnt sure how to tell this tale. I want equal parts common sense and suspense, but I’d also like the readers to have a take-away lesson from it as well. So, I’m going to give it my best.
I had someplace important to go last Saturday, and it was about a 4 hour drive (most of you would consider that a road trip, but it’s fairly common in Wyoming). I was headed north towards my destination when I start to feel a wobble in the car, and wonder if it’s the new pavement that was just put down. The problem persists, so I finally decide to pull over. Quickly racking my brain, I was remembering a problem that I was planning to have fixed in 2 days and went to see if that indeed was what had happened. It was. I had been driving the car with 3 lug nuts, and finally, they had just fallen off. So I was looking at my vehicle with just 1 lug nut on it, and got a great idea to take one from each of the other wheels and put it on the problem area. Not so simple, unfortunately. After I got the tire off, I realized that the lug nut studs (things they screw into) had been sheared clean off, and there was no hope for me getting any more lug nuts on there. I drive about 20 miles to the nearest town and see if I can find a repair shop. Small town Wyoming was mostly closed at noon on a Saturday, and the ones that were open told me it would be at least 3 days before parts came in and it could be fixed.
Immediately, I think….crap, why couldn’t this problem just hang on for 2 more days until it was convenient for me to deal with? I really wish that could happen, but the reason that we have savings accounts and things like that is that problems dont come around when they are ready to be dealt with. If that was the case, they wouldn’t be called problems, now would they?
So, I ended up buying a new (to me) car. It was a cheap, reliable car, and was situated perfectly to get me out of the bind I was in. So, now I have 2 cars, both of which I dont want to own, and one of which I need. Im going to try & sell the newer car and am getting the old one fixed, but it’s all going to take some time. Also, because I got such a good deal on the car, I may be able to sell it for what I bought it for (or perhaps a bit more).
That’s where Im currently at with the vehicular situation, and wish I wasnt. Oh well.
But lets be real people, If things came at you as you prefered instead of as they actually happened, they wouldnt be called problems, and life would be like that movie pleasantville. Boring, eh? Even though it was a pretty lame experience, it was something that i’ll remember for next time, and I wont let the maintenence wait!
by Jeff on September 17, 2009
When I created this blog, I was excited to blog about all things related to sustainability, and have left personal (and mental) health by the wayside for finance and environmental sustainability. While given the current political fervor over healtcare, I figure that it may be worthwhile to provide the readers with some tips in the coming posts. However, this post will be about realistic goal setting.
Setting goals is hard, but having a target is key.
Setting goals probably the most important thing you can do. Without a specific goal, you can easily find yourself stretched too thin, and floundering due to your lack of a common goal or focus. If you find that the above often happens to you, you dont need to tell me that it’s frustrating and that it makes you want to not bother with doing whatever you set out to do. This could be because you dont know where to start, or because you have tried before and not found success. At the beginning of your journey, you may have a goal like “I want to get out of debt” or “I want to lose X pounds”. Well, if you are being squashed by ~25,000 in debt or are looking to lose more than 5 pounds, finding a starting spot may be difficult. Now that your goals are there, you need to think about how you can go about acheiving them.
So you’ve got your goal, and you want to get out of debt. Making the goal manageable is your first step. We know that if we get discouraged, our goals seem larger than they truly are, and therefore giving up will be the easier option. Making your goal realistic will give you a taste of success, and allow you to think that you can, indeed accomplish your broader goal.
Lets say that you’ve got $32,000 of debt, in the following form: $7,000 in credit card, $15,000 in student loans, and the remaining $10,000 on an auto loan. Your first pick could be the credit card, due to the fact that it’s the lowest balance, but due to current circumstances, you can only contribue $500/month. So instead of saying you want to have your credit card paid off in 15 months, it would be easier for you to break up your goals in three month segments. For example, you say that you’d like to get your balance below $6,000 by December 15, 2009. This goal involves paying the $500 you have three times, and can be reached much easier than doing it for 15 months straight. Once the three months is up, check your situation and see if the goals have worked, or if you can contribute more money to paying down debt.
This is not only for your finances, but can also apply to other areas of your life. The next to be discussed is your health. Alot of people have a personal goal of losing weight. It does not matter if it’s 10 pounds or 100, alot of people share this goal in common. This goal would also be best taken broken into little chunks, say you want to lose 3 pounds a month for 9 months (27 lbs) before upping that to five pounds in the next 3 months. There you have a seemingly simple plan to lose about 40 pounds in a year. As usual, re-evaluating your goals in a resonable amount of time is paramount.
Where you can really make some headway is by taking your goals: To save money, to lose weight or become healthier, and maybe to do something good for the environment. A perfect example of this is riding your bike to work (I know this is not feasable for everyone, but it is for some). Riding your bike to work will allow you to save money on gas, get a workout in while you were normally just sitting around, and can take cars off the road and associated pollutants. Way to go! you have reached three goals with just one simple change!
Here are 4 easy ways to reach multiple goals:
- Look for connections – Part of the problem is that many people see one problem and think of one solution. What if you could solve multiple problems with the same solution. Riding your bike for errands would be good for the health of you, your bank account and the earth. Most problems are related, and can be solved with one simple solution — look for it.
- Get out of your own way – one is crucial. Dont try and make big changes right away. Start small, getting rid of bad habits or anything else that can hinder future goals. Once the “foundation” is in place, get started!
- Get all your stuff in the same place – This is important because if you cant visualize what you’ve got, it will be difficult for you to visualize where you want to be. If you want to get out of debt, get all your bills, and put them in the same spot. Figure out the total monthly cost, then find bills you can do without and cancel the service.
- Get Help — No, I dont mean rehab. Talk to your friends, neighbors, etc. See what goals they have. Maybe both of you are looking to ride your bike more, and work in the same area…Ride to/from work together, become better friends and enjoy working on your goals with a partner!
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