We Did a Thing! At the end of May, we made a long-time dream come true. For years, I've been wanting to take my kids to see the majestic Redwoods. Yet, it never seemed to become a top priority. Other opportunities and priorities for our time and money always seemed to get in the way. But earlier this year, I had an epiphany: this HAD to be the year and the last week of May HAD to be the time. Why the urgency? Our family is rapidly growing and changing. My oldest will soon be moving into her first apartment (it's in our basement, but it's still a significant change). Our second just graduated from high school and is heading into new and time-consuming adventures in the fall. Our youngest will be starting high school. And my husband, though retired from his former company, is exploring new fulfilling work opportunities outside the home. This was our window, and I knew we had to seize it. We had some money in our YNAB budget set aside for vacations. So, one afternoon in the midst of our crazy May, my husband and I did some research and decided that driving the 870 miles and camping would be the most affordable option. We booked the campsite and told our kids to request time off work. We were all super excited for this adventure, even our daughter who has an aversion to bugs and dirt! The weeks leading up to the trip were packed with end-of-school-year events, finals, graduations, and navigating semi-retired life. It was a busy and stressful time, but whenever one of us mentioned the trip, we all got a hopeful look of excitement, knowing that soon we'd be relaxing in the beautiful surroundings of the Redwoods. Folks, we were NOT disappointed! It was a dream vacation. With minimal phone reception, we had the chance to truly explore and enjoy the area and reconnect with each other without the distraction of devices. We enjoyed some amazing hikes, great food, and the peace and quiet that the area offered. We even drove our SUV through a tree! The morning we packed up to leave, I got a little teary-eyed. This was probably the last vacation we would have like this with our family as it is now. I didn't want to leave. If you know me, hearing me say I didn't want to leave CAMPING is saying something. The word that keeps coming to mind when I think of this trip is "sacred." The place, the time, the entire experience felt sacred.
So why am I sharing this with you? Many money gurus would criticize our choice to take this trip. We don't currently have a steady family income coming in. That week was the last week we had medical insurance coverage. We don't have a solid plan yet for replacing the steady income we've enjoyed for the last 21 years. To take that time and spend that money could be seen as reckless by many financial experts. We should be saving that money. We should be using our time to find steady income. We should have our priorities aligned with what they view as important for financial success. Nope! The best way to find true financial freedom is to ensure your spending aligns with your own priorities and values. We value our family time, so that's where we want our money to go – spending time with family. Now, I'm not advocating for the "I value a trip to Italy with my family, so I'm going to go into more debt to pay for it" philosophy. It's still crucial to avoid debt for many reasons, especially because it doesn't add to your financial freedom; it adds to your slavery. So, if it's something you truly value, save up the money, find ways to make it more affordable, and do the thing! Taking this trip was a priority for us, and it was worth every penny. It reinforced what we value most: our time together. So, as you plan your finances, remember to prioritize what truly matters to you. Spend intentionally, and you'll find both joy and financial freedom.
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During our yearly couples planning retreat this year, my hubby, tossed out this idea for a no-spend March. "Let's see how much we can save by giving the extras a break," he says, all hyped. He’s sure we are going to be millionaires at the end of the month by not ordering Amazon!
Four days in, folks (at the time of writing)! Together, we've put the brakes on non-essential spending. No more dining out, even on date nights – we're rocking the kitchen. Amazon quick buys? We're resisting the siren call, and our Costa Vida cravings are being set aside. Now, we don't live large, but we do have our weaknesses – hello, Costa Vida and movie downloads. Here's the scoop – we're still hitting the grocery store for planned meal ingredients, and we're keeping things like a pre-planned family getaway later this month in the plan. We're not going full hermit mode, just putting the brakes on the spur-of-the-moment non-essentials. Do you think a No-Spend Month Adventure sounds like a fun challenge for your family? Here are a few steps to prepare:
As we're just kicking off this no-spend March, we are feeling optimistic. I’ll be back next month to let you know how it went. So, who's in for a No-Spend Month Adventure? 🌟💰 In good times and in bad, one financial must remains constant: the need for an emergency fund. Having a solid emergency fund helps turn emergencies into inconveniences.
So how much money should you have in an emergency fund? • Still working to pay off debt: $1000 • Still working to pay off debt and earning less than $25k a year: $500 (this goes for teens too) • Consumer debt free (all but the house): 3-6 months of expenses - what you need to cover your Four Walls If you’re starting to hear whispers of possible job loss or cuts - debt free or not - stop paying any extra on debt, continue to pay minimums on all debt, and pack away as much as possible in your emergency fund to take care of your family. Once you have your fund, keep it safe and liquid. You need to be able to access it quickly and easily when/if it’s needed. Next we’ll talk about paying off debt, so you can have more funds at the ready... Stay tuned! |
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