Making Smart Money Decisions!

by Kathy Sykes on June 16, 2009 · 0 comments

Since I am on my 18 month (now 14 month) journey to eventually staying at home and home schooling Thomas, I have had to discipline myself more on money matters.  In order for me to be able to accomplish my goal, I need to save a tremendous amount of money that would cover my severely reduced work hours.  I have been doing really well in this area but I started to think……

What sense does it make to continue to save money when there are home repair projects that need to be taken care of now (while I have the money) vs. sitting on my front porch crying in 14 months (when I don’t have the extra money)?

Thus, I have decided to postpone saving money for 4-5 months and put it toward major home repairs (i.e. gutters, plumbing, etc.). Yes, I will be hyperventilating until these repairs are done and I can get back on track with savings, but my brain knows that this makes perfect sense.

It’s kinda like putting money into purchasing a Mercedes only to drive up and park in front of your rented apartment……something just ain’t right about that.  I’m no Suze Orman, but I have learned a lot from her and just by disciplining myself to prioritize what’s important.  This is where people go wrong in deciding how to handle their money.

Yes, I plan to take two years off from full-time work to home school Thomas and be there for him when he starts preschool.  Following a strict action plan is helping me to achieve this goal.  Guess what? Action plans not only work in business but in your home too. 

I will be keeping you posted on my count down to homeschooling and how I am doing with the financial plan.

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