Sunday, November 13, 2011

Working the Plan

Listening to the new Mayer Hawthorne record and thinking about the simple pleasures in life - sitting in a coffee shop, drinking a mocha and listening to a little Blue-Eyed Soul is certainly a pleasure. So, too, will be planning my Italy trip after significantly reducing my debt.

Since my last post I've put a lot of wheels into motion. I've reduced my 401k contribution at work, stopped my IRA contribution, reduced or stopped a few charitable donations and even cut my Netflix in half. Sure, the Netflix is only a $7 savings per month, but as they say, it all adds up, right!? I've also turned down a few fun things - an invite to a Bronco's game ($45), entry into the 2012 Colorado Half Marathon ($90), a 4-mile run on Halloween ($30), and most significantly, an airline ticket to see dear friends in February ($210). The objective is to send that 'saved' money to my debt and I'll be starting this with my next paycheck.

I'm also continuing the not-buying-anything-new paradigm. This has really become a way of life for me now. I do buy new things on occasion but whenever I need to buy something I try to get it used first. For Christmas I'm trying to find things that I can make. Beginning with the New Year I will severely limit the new item purchasing back to 2010 levels in order to put even more towards my debt.

Is this all just a smart way to live or am I simply bored and need a challenge? I think its a little of both, maybe more of the latter if I'm honest with myself. Either way, my hope is when 2013 roles around and I turn 45 I'll have a reasonable amount of debt and will be able to plan the trip I've been thinking about for years. Fingers crossed.


  1. If you need help planning a trip to Italy, you let me know!!! You are doing a great thing and are an inspiration to me to reduce my debt. I am taking note of your tips and tricks!!!

  2. I am with you on this. I kind of wanted to do something like this next year, but it is daunting when you have the kids to contend with. We are doing the "give what you've got" Christmas this year. So far, surprisingly, it is going pretty well.