Enemy of Debt http://www.enemyofdebt.com Motivational Money Management Fri, 22 May 2015 19:41:06 +0000 en-US hourly 1 I Love You Like A Blogger Roundup – 5/22 http://www.enemyofdebt.com/i-love-you-like-a-blogger-roundup-522/ http://www.enemyofdebt.com/i-love-you-like-a-blogger-roundup-522/#comments Fri, 22 May 2015 12:40:42 +0000 http://www.enemyofdebt.com/?p=16547 Enemy of Debt - I Love You Like A Blogger Roundup – 5/22

The weekend with our big annual party is here!   I’ve been on vacation from my day job, but it hasn’t felt like vacation.  I’ve been cleaning, smoking meat, and decorating all day every day.   It’s been important to me to make the time to get my marathon training in too, however.  I’ve also found a little time to do some blog reading. So enjoy your holiday weekend, and my favorite posts of the week!   Posts That Make Me Fist Pump Showing yourself Financial Forgiveness from Frugal Rules How to build a Life you don’t have to Retire […]

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Enemy of Debt - I Love You Like A Blogger Roundup – 5/22

fistpumpThe weekend with our big annual party is here!   I’ve been on vacation from my day job, but it hasn’t felt like vacation.  I’ve been cleaning, smoking meat, and decorating all day every day.   It’s been important to me to make the time to get my marathon training in too, however.  I’ve also found a little time to do some blog reading.

So enjoy your holiday weekend, and my favorite posts of the week!

 

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Choose Role Models To Drive Internal Change http://www.enemyofdebt.com/choose-a-role-model-to-drive-internal-change/ http://www.enemyofdebt.com/choose-a-role-model-to-drive-internal-change/#comments Wed, 20 May 2015 13:55:34 +0000 http://www.enemyofdebt.com/?p=16533 Enemy of Debt - Choose Role Models To Drive Internal Change

Over the weekend, my cousin’s husband ran the Green Bay Marathon. His official time was 3 hours, 7 minutes and 18 seconds, with an average pace of 7:09 per mile. His time was good enough to qualify him for the Boston Marathon. I’m in complete awe at his accomplishment, as it’s something that I hope to do some day as well. It wasn’t hard to be just a little jealous. I was thinking about my inklings of jealousy as I was driving around running errands yesterday afternoon, and then relating it to my post last week about the Joneses. Were […]

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Enemy of Debt - Choose Role Models To Drive Internal Change

EOD_InternalChange

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Over the weekend, my cousin’s husband ran the Green Bay Marathon. His official time was 3 hours, 7 minutes and 18 seconds, with an average pace of 7:09 per mile. His time was good enough to qualify him for the Boston Marathon. I’m in complete awe at his accomplishment, as it’s something that I hope to do some day as well.

It wasn’t hard to be just a little jealous.

I was thinking about my inklings of jealousy as I was driving around running errands yesterday afternoon, and then relating it to my post last week about the Joneses. Were my feelings just another form of wanting what other people had, instead of just being satisfied with what I’m able to accomplish with the skills and abilities that I have?

It felt different, and eventually I put my finger on it.

External Vs. Internal Motivation

When we traditionally talk about keeping up with the Joneses, we envision the purchase of things, or performing actions that are done primarily for external appearances. We think that by buying or doing these things, we will look more attractive or more successful to others.

The underlying purpose is external.

When we instead focus our desires and dreams on internal change the result is much different. I’m not jealous of my in-law, my feelings are of admiration. His accomplishment does not make me jealous, but it did spark a fire inside me to work just a little harder. Not because I want to be congratulated by others, not because I want to look more successful to others, but because his accomplishment made me realize that I am not using my abilities to their fullest. I realized that while I may never run a marathon in 3 hours and 7 minutes, I can push myself to do better. I can be better.

The driving force is internal.

Choose The Right Role Model

Instead of keeping up with the Joneses, I’d rather model myself after a different (virtual) family. Let me introduce you to the Smiths. The Smiths also just bought a new, expensive vehicle, but they’ll be driving it until it falls apart. They enjoy walks together in the evening, and going to every one of their kid’s sporting events. They don’t spend a lot of money on extravagant vacations or dining out.

Because they are wise with their money, when they do decide to go on vacation, the cash is there. When something breaks in their home, they have the funds to fix or replace it. When they want to do a home improvement project, they don’t borrow money. They sit down and figure out a time frame in which they can do it without stretching themselves too thin. They save for the future, which sometimes results in them not being able to do something else at the snap of the fingers.

Doesn’t that sound like a low stress, almost serene lifestyle?

Seeing people like that doesn’t make me jealous, it fills me with admiration. Similar to my in-law’s marathon accomplishment, it makes me want to do better with our finances. It makes me want to be better.

It drives internal change.

I heard this quote from a motivational speaker recently; “Real happiness in life comes from being the person you want to be.”

The key here is the word, “being.” Not appearing, but truly being the person you want to be. The hard part is figuring out who you truly want to be. As I mentioned last week, after 41 years, my vision of who I truly want to be in life is becoming clear. By choosing the right role models, and using them as motivation to drive internal change, I will become that person.

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I Love You Like A Blogger Roundup – 5/15 http://www.enemyofdebt.com/i-love-you-like-a-blogger-roundup-515/ http://www.enemyofdebt.com/i-love-you-like-a-blogger-roundup-515/#comments Fri, 15 May 2015 16:40:28 +0000 http://www.enemyofdebt.com/?p=16526 Enemy of Debt - I Love You Like A Blogger Roundup – 5/15

I’m on vacation next week from my day job.  I’ll spend the entire week cleaning, organizing, and shopping for our annual Memorial Weekend Party which takes place next weekend.   Most importantly, I’ll be firing up my smoker almost every day to create some smokey yummy goodness for the party. That’s my fist pump for the week, what’s yours? Posts That Make Me Fist Pump It’s A Way of Life, Not an Event from Frugal Rules 8 Delicious & Frugal Grill Recipes! from Bargain Babe How would you like to be debt free, forever? from Debt Discipline Wants Vs. Needs – […]

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Enemy of Debt - I Love You Like A Blogger Roundup – 5/15

fistpump

I’m on vacation next week from my day job.  I’ll spend the entire week cleaning, organizing, and shopping for our annual Memorial Weekend Party which takes place next weekend.   Most importantly, I’ll be firing up my smoker almost every day to create some smokey yummy goodness for the party.

That’s my fist pump for the week, what’s yours?

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9 Tips For Creating Discipline With Money http://www.enemyofdebt.com/tips-discipline-with-money/ http://www.enemyofdebt.com/tips-discipline-with-money/#comments Thu, 14 May 2015 20:08:16 +0000 http://www.enemyofdebt.com/?p=16523 Enemy of Debt - 9 Tips For Creating Discipline With Money

I frequently get questions from my readers about how to resolve their various financial problems.  The questions range from not being able to save enough, to tackling huge amounts of debt, to how to stop living paycheck to paycheck. One of the common themes I’ve discovered in the hundreds of emails I’ve received, is that most of those readers tell me the root of their problem is a lack of discipline. Lack of Money is Not the Problem Learning discipline when it comes to money is not always easy, but it’s necessary if you want to get ahead financially.  Many […]

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Enemy of Debt - 9 Tips For Creating Discipline With Money

I frequently get questions from my readers about how to resolve their various financial problems.  The questions range from not being able to save enough, to tackling huge amounts of debt, to how to stop living paycheck to paycheck.

One of the common themes I’ve discovered in the hundreds of emails I’ve received, is that most of those readers tell me the root of their problem is a lack of discipline.

Lack of Money is Not the Problem

Learning discipline when it comes to money is not always easy, but it’s necessary if you want to get ahead financially.  Many of these people tell me they don’t make enough money, but here’s the deal- If you have a lack of financial discipline you will always struggle with money whether you make $10,000 a year or $10 Million a year.

It’s not the money, it’s what you do with it that counts.

In this article, I’ll show you 9 things you can do to create discipline with money.  You’ll learn how to consistently do the right thing financially and start succeeding with money, instead of perpetually struggling and wondering why you never have anything to show for your hard earned paycheck.  I’ve included some killer resources too!

Why You Need Discipline to Succeed

Discipline is not one of those sexy words or concepts that most of us enjoy talking about.  In our culture we’re encouraged to “have it now!” with easy monthly payments, but that kind of thinking is what keeps you stressed, depressed, and enslaved to your debt.

That mentality cultivates a cycle of living paycheck to paycheck and payment to payment that never ends unless you develop the discipline to escape that life and be different.

Anyone can develop financial discipline (that includes you!), it just takes a willingness to change and develop new habits.  When you do, your finances will take a turn for the better– you’ll have more money, save more money, and build more financial security for you and your family.

So without further ado, here are my top 9 tips for creating discipline with money!

9 Tips for Creating Discipline With Money

Understand Money

It’s imperative to understand money if you want to have financial discipline.  Read books, blogs, and take courses about personal finance, getting out of debt, investing, etc. so you’ll know what financial habits you need to establish.  You don’t have to know everything about money, just learning the basics and sticking to them is 80% of the battle.  Here are some great resources I’ve put together so you can learn more about money and how to use it well:

The CFF Bookstore- All my favorite books on personal finance, business, marriage, and behavior in one convenient place!

Christian PF- An awesome blog about Christian Personal Finance

The CFF Online Get Out of Debt Course- Learn the step by step method for getting out of debt for good!

Bible Money Matters-  Another great blog teaching biblical principles of managing your money

Get Mad

I’ve talked about this many times before on the CFF blog.  I believe the best first step to changing your financial life is to get mad.  You have to get so mad at your situation that you have to do something about it, no matter what stands in your way.  Getting your emotions involved helps keep you engaged in the process.  If you kinda sorta want to change, you probably won’t.

Get Naked

Getting naked simply means this- stop using credit, period.  One of the biggest problems I see with people who try, and fail, to change their financial situation, is that they keep using credit while they’re trying to get out of debt.  That’s kind of like eating a big bowl of ice cream every night before bed and wondering why your jeans keep getting tighter.

Swearing off credit cards and other forms of consumer debt keeps you from digging the debt hole any deeper.  When you cut up the cards, they are no longer available as a temptation or even an option for spending.   This forces you to find better ways to finance your life that won’t get you into debt.

Pay Yourself First

Saving money can be a hard habit to establish when you have a lot of financial obligations.  Most of us pay the bills first, then try to figure out how to save money out of the little that’s left, if there’s any left at all.  The best thing you can do is to automatically pay yourself first (after paying your tithe, of course).

Paying yourself first means you should figure out a percentage of your paycheck that you want to put into savings, then have it automatically drafted from your paycheck every time you get paid.  This creates the discipline of consistently putting money into savings because you don’t have to think about it every time you get paid.  It’s automatically done for you so you don’t have to agonize over that decision every time payday comes.

Keep Moving Forward

Anytime you’re trying to do something new in your life, especially if you’re learning to be more disciplined, there will be setbacks.

Don’t let the setbacks get you down.

Just accept that it happened, deal with it, and keep moving forward.  Nobody has ever accomplished anything good without overcoming a few trials along the way.

Here’s a great post and a video about overcoming obstacles that can help

When You’re Going Through Hell, Don’t Stop!- 8 Ways to Overcome Difficult Circumstances

Relentless People Get What They Want (Video)

Make a Plan

Making a plan for spending your money on paper before you actually spend it is very important for building discipline with money.  When I say “make a plan”, what I really mean is that you should make a written monthly budget.  Using a budget is not about deprivation like many people believe when they think of budgeting.  A budget is simply a plan for how you’ll spend your money going forward.

A solid budget works best when you combine it with an envelope system (see below) and going naked with credit.  I’ve discovered that the reason that many people fail at budgeting is because they don’t include those important components along with their budget.

I wrote the book on how to make a budget that works.  It’s fun & easy to understand.  Learn more here.

Start an Envelope System

Starting an envelope system for your monthly spending is a great way to create financial discipline because it ensures that you never spend more than you make.  When you get paid and distribute all your spending money into envelopes, you spend only what’s in the envelopes and no more.  If you’ve started going naked with credit like I described above, you won’t have credit cards to fall back on and blow your budget.

Click here for my recent article on how to start an envelope system.

Practice Mindful Spending

In today’s modern society where we see and hear over 3,000 marketing messages every day, it’s easy to spend money without even thinking about it.  Learn to start asking yourself questions before you spend money, such as:

  • Do I really need this?
  • Is this what I came to the store to get?
  • Can I do without it?
  • Am I buying this out of emotion, just to feel good?

The more mindful you are when you take money out of that envelope to spend it, the more you realize there a lot of things you don’t necessarily need, you’ll be just as happy without them.

Pay attention, ask the right questions, and you will develop more spending discipline as time goes on.

Have a Little Fun

Learning to have discipline with money is not all about keeping your nose to the grindstone.  I believe you should reward yourself and have a little fun when you reach certain milestones along the way.  Each time you accomplish a goal, give yourself a small reward.  That helps your brain and your spirit understand that good things come with hard work, and you’ll be more likely to continue on to your next goal.

Building Financial Discipline is Like Building Muscle

It’s not always easy to build discipline in any area of your life, but when you make the effort, the rewards are definitely worth it!  Creating financial discipline is a lot like building muscle.  You start slowly at first, and add more weight over time as you build strength, eventually creating the strong, toned muscles you always wanted.

Just like building muscle, you probably shouldn’t try to do all these tips I recommend at the same time.  Start with one, integrate it into your life, then start another until they all become second nature.

Learning Financial Discipline Helps Other Areas of Your Life Too!

The cool thing about building discipline in your finances is that it spills over into other areas of your life as well.  Anytime you work on being disciplined in one area, such as money, you tend to apply those principles to other areas as well, creating a more disciplined life overall.

Question:  What are some of the things you’ve done to develop more discipline in your life?  Leave a comment and tell me about it.

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Tell The Joneses To Go To Hell, They’ll Respect You For It http://www.enemyofdebt.com/tell-the-joneses-to-go-to-hell-theyll-respect-you-for-it/ http://www.enemyofdebt.com/tell-the-joneses-to-go-to-hell-theyll-respect-you-for-it/#comments Mon, 11 May 2015 14:02:27 +0000 http://www.enemyofdebt.com/?p=16506 Enemy of Debt - Tell The Joneses To Go To Hell, They’ll Respect You For It

It’s taken me over 41 years of walking this earth, but I’m finally getting a grip on the person I want to be. It’s been building for awhile, but my perspective was reinforced at a gathering with friends over the weekend. It was our monthly gourmet club get together, which is basically a modified potluck. The host picks the theme and prepares the main course, and the rest of the guests bring an appetizer, side dish, or dessert that matches the theme. It’s a great group of friends, and we always have a lot of fun. It’s also an event […]

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Enemy of Debt - Tell The Joneses To Go To Hell, They’ll Respect You For It

EOD_Respect

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

It’s taken me over 41 years of walking this earth, but I’m finally getting a grip on the person I want to be. It’s been building for awhile, but my perspective was reinforced at a gathering with friends over the weekend.

It was our monthly gourmet club get together, which is basically a modified potluck. The host picks the theme and prepares the main course, and the rest of the guests bring an appetizer, side dish, or dessert that matches the theme. It’s a great group of friends, and we always have a lot of fun. It’s also an event at which adult beverages flow freely.

That last detail is a bit of a sticking point for Vonnie and I, as we have given up alcohol for the time being. We’re both doing as part of an effort to to shed a few pounds, and for me it’s also about being at tip top condition each and every day for my marathon training. We wondered if it would be weird going to the party and not drinking. We wondered what the reaction would be.

It didn’t take long for our lack of alcohol consumption to be noticed. We explained what we were doing and why. A few people gave us some words of encouragement, and that was the end of it. The night continued, and a great time was had by all.

I don’t recall anything else being said about the matter. To be honest I don’t remember thinking about it at all after that short interaction. The reality is that Vonnie and I are so confident in the reasons we are following this path that we didn’t require approval, and therefore didn’t seek it by analyzing the expressions on the faces of our friends or the tone of their reaction.

The reaction didn’t matter because we know we are making the right choice for us.

In the same way, we’re finding it easier and easier to ignore “the Joneses.” It’s not difficult to walk around someone’s house and see carpeting, a home theater, or some furniture that we like. We’re reminded that our carpeting and furniture is showing signs of wear. We look at an unused room and visualize a home theater remodel. But we know that it’s less expensive to clean our carpet, and the furniture still works. We know that even though a home theater room would be super cool, right now the cost does not justify the amount of use we’d get from it.

We know that by delaying upgrades to our home will enable us to save money to help our kids through college, and to save for our future. We know that making the things we have last as long as possible enables us to have more breathing room in our monthly budget, which right now feels spectacular.

I don’t care if people come in my home, and see a spot here or there in the carpet, or see the wear and tear on our furniture. If someone happens to mention it, the answer is easy; we’ve got better uses for the money right now. I know that we are making the right decision for us, and I’m at peace with that. I don’t need anyone’s approval for my happiness.

I saw a great meme on facebook recently that read, “What other people think of me is none of my business.”

I don’t want to be the guy that drinks all night and then brags about how crappy they feel the next day. I want to be the guy that has fun with his friends, and then brags about running 10 miles the next morning.

I don’t want to be the guy who buys a bunch of materialistic stuff and then shows it to all my friends. I want to be the guy that can help my kids through college with only the satisfaction that they graduate debt free. I want to be the guy that sleeps peacefully at night because I know my future is taken care of.

Be strong in your convictions, and stick with them. Take action on what is right for you. Tell the Joneses where they can go. They’ll respect you for it.

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I Love You Like A Blogger Roundup – 5/8 http://www.enemyofdebt.com/i-love-you-like-a-blogger-roundup-58/ http://www.enemyofdebt.com/i-love-you-like-a-blogger-roundup-58/#comments Fri, 08 May 2015 12:42:38 +0000 http://www.enemyofdebt.com/?p=16488 Enemy of Debt - I Love You Like A Blogger Roundup – 5/8

This weekend brings us Mother’s Day 2015.  I’ll be traveling to see my mom to honor her in appreciation of all the wonderful things she’s done for me, and for the great mom she is. Check out my favorite posts of the week, but DO NOT forget to fist pump for your mom this weekend!   Posts That Make Me Fist Pump How to deal with expensive friends from Get Rich Slowly What Does Financial Independence Look Like? from Young Adult Money How to Talk About Finances With Your Significant Other from DINKS Finance Why You Need Life Insurance, Especially […]

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Enemy of Debt - I Love You Like A Blogger Roundup – 5/8

fistpump

This weekend brings us Mother’s Day 2015.  I’ll be traveling to see my mom to honor her in appreciation of all the wonderful things she’s done for me, and for the great mom she is.

Check out my favorite posts of the week, but DO NOT forget to fist pump for your mom this weekend!

 

Posts That Make Me Fist Pump

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Sharing Memories On Mother’s Day Using The Lowest Priced Unlimited Plans From Walmart Family Mobile http://www.enemyofdebt.com/sharing-memories-on-mothers-day-using-the-lowest-priced-unlimited-plans-from-walmart-family-mobile/ http://www.enemyofdebt.com/sharing-memories-on-mothers-day-using-the-lowest-priced-unlimited-plans-from-walmart-family-mobile/#comments Wed, 06 May 2015 18:46:55 +0000 http://www.enemyofdebt.com/?p=16468 Enemy of Debt - Sharing Memories On Mother’s Day Using The Lowest Priced Unlimited Plans From Walmart Family Mobile

This shop has been compensated by Collective Bias, Inc. and Walmart Family Mobile. All opinions are mine alone. #MobileMemories #CollectiveBias When I was a kid, my grandparents lived within ten miles of us, so it was easy for my parents to make the rounds on Mother’s Day. My parents could see their moms, AND show off their grand kids at the same time. Now that I’m an adult, my immediate family is spread out making it sometimes difficult to make it home for Mother’s Day. The good news is Walmart Family Mobile makes it easy to wish our moms a […]

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Enemy of Debt - Sharing Memories On Mother’s Day Using The Lowest Priced Unlimited Plans From Walmart Family Mobile

This shop has been compensated by Collective Bias, Inc. and Walmart Family Mobile. All opinions are mine alone. #MobileMemories #CollectiveBias

When I was a kid, my grandparents lived within ten miles of us, so it was easy for my parents to make the rounds on Mother’s Day. My parents could see their moms, AND show off their grand kids at the same time. Now that I’m an adult, my immediate family is spread out making it sometimes difficult to make it home for Mother’s Day. The good news is Walmart Family Mobile makes it easy to wish our moms a very happy day using unlimited talk text and data/web plans through Walmart Family Mobile.

Walmart-Family-Mobile-Hero-Final

I picked up a ZTE Zinger smart phone, one of many available for use with Walmart Family Mobile, and a startup kit for a total of just over $50. I took it home, and by following the instructions my phone was active and able to make calls and access the internet in less than 10 minutes.

It couldn’t have been easier.

Through Walmart Family Mobile’s lowest priced unlimited plans, I get unlimited talk, text and data (the first 1GB of data is at 4G LTE speed) for only $29.88 per month for the first line.

Disclaimer: All prices for phones and plans included in this post are accurate as of the date of posting; however, these prices are subject to change. Please refer to http://cbi.as/8e03 or your local Walmart for current pricing.

Walmart-Family-Mobile-Store

Once my phone was active, I was ready to start sharing some recent important events with my Mom.

My son recently started his first part-time job, and thanks to the Zinger’s 2 megapixel camera, I was able to snap a shot of my son leaving for his first day of work. This is a moment in time that I enjoyed sharing with my mom, and will enjoy sharing with my son again when he gets older.

Walmart-Family-Mobile-Son-Job

Recently my daughter and her friends figured out on their own how to order pizza. I was at home at the time, and listened their conversation as they worked through the logistics of the pizza place’s online ordering tool. I captured my daughter and her friends with their pizza, a picture that is sure to make a grandmother smile.

Pizza

My mom has always been intrigued with my love of grilling and smoking meat and loves to hear about my smoker. A few weekends ago I performed some maintenance on my smoker, and took a picture of it. Sharing that picture with her helps he stay in touch with what her son is up to.

Smoker

Some of us live far away from our moms, but that doesn’t mean that we can’t still share our lives, events, and memories with them. Whether it be a text message, a picture shared through social media, or a simple phone call, Walmart Family Mobile can help us all have a great Mother’s Day!

How do you plan to share your recent events with your Mom this Mother’s Day?

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The One Reason For Eating Out That Is a Big Fat Lie http://www.enemyofdebt.com/the-one-reason-for-eating-out-that-is-a-big-fat-lie/ http://www.enemyofdebt.com/the-one-reason-for-eating-out-that-is-a-big-fat-lie/#comments Mon, 04 May 2015 13:47:47 +0000 http://www.enemyofdebt.com/?p=16461 Enemy of Debt - The One Reason For Eating Out That Is a Big Fat Lie

I think we would all agree that dining out is more expensive than cooking at home. We all go out to eat from time to time, but did you notice that we always seem to attach some sort of excuse to it? Whether we’re celebrating, or we’re on vacation, or we’re just too busy to cook it seems like we have to justify to ourselves a trip to a restaurant. Sometimes there are some valid reasons, sometimes there isn’t a reason other than we just want to and that’s OK. But there’s one excuse that we tell ourselves over and […]

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Enemy of Debt - The One Reason For Eating Out That Is a Big Fat Lie

EOD_EatingOtLiePic

Image courtesy of stockimages at FreeDigitalPhotos.net

I think we would all agree that dining out is more expensive than cooking at home. We all go out to eat from time to time, but did you notice that we always seem to attach some sort of excuse to it? Whether we’re celebrating, or we’re on vacation, or we’re just too busy to cook it seems like we have to justify to ourselves a trip to a restaurant. Sometimes there are some valid reasons, sometimes there isn’t a reason other than we just want to and that’s OK. But there’s one excuse that we tell ourselves over and over that’s just an outright lie.

Vonnie had an appointment late Friday afternoon that was going to push eating dinner later than usual. We had planned to grill steaks, but since her return time was a bit up in the air, by the time we got food on the table it could be very late. We talked about options, but really didn’t come to a decision.

While she was gone I went to the grocery store and picked up steaks and a salmon fillet. When she got home, we calculated how long it would take to actually make the meal and decided to go out to eat instead using the excuse that it was already late and going out would get us food faster.

We went to a nearby steakhouse, ordered our food, and had a nice conversation. When our food arrived I happened to notice the time and mentioned to my wife that we could have made a meal at home in the same amount of time. She thought for a minute, as she stared at the clock on her cell phone and then nodded her head in agreement.

Going out to eat to save time is a big fat lie.

Let’s compare potential timelines:

Eat At Home:

  • 8:00pm: Start preheating oven for baked potatoes, start making salad
  • 8:10pm: Baked potatoes placed in oven
  • 8:30pm : Start Charcoal For Grill
  • 8:30pm : Start Making Salad
  • 8:35pm : Salad Served
  • 8:50pm : Grill ready, Steaks start cooking
  • 9:00pm : Steaks / Potatoes ready
  • 9:05pm : Main Course Served
  • 9:15pm : Food Eaten, Cleanup begins
  • 9:25pm : Cleanup complete

Eating Out:

  • 8:00pm Leave House
  • 8:15pm Arrive At Restaurant
  • 8:25pm Seated in Booth
  • 8:30pm Initial contact with server, waters ordered
  • 8:35pm Waters served, order taken
  • 8:45pm Salads Served
  • 9:00pm Food Served
  • 9:10pm Eating Complete
  • 9:15pm Bill Delivered
  • 9:20pm Bill Paid and receipt signed
  • 9:35pm Arrive home

As shown, the timeline for the food delivery is very similar. The salad would be served earlier had we stayed at home, and the main entree was served at almost the exact same time. We’d actually have eaten and cleaned up 10 minutes EARLIER than when we walked in the front door from dining out.  But wait, here comes the ironic part; take a wild guess at what we ordered. Vonnie had steak, and I had salmon. We also had the ingredients to make salad in the refrigerator.

We spent $70 at a restaurant to eat the same food we had at home, and the entire experience took longer.

I’m not here to tell you to go out to eat or not – that’s up to you. But if you find yourself trying to convince yourself to go out using the excuse that it will save you time, just know that unless you’re hitting a drive though, it’s a bold face lie. You’re going to pay through the nose eating at a restaurant and you’re doing it simply for convenience.

The question you have to ask yourself, will it be worth it?

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I Love You Like A Blogger Roundup – 5/1 http://www.enemyofdebt.com/i-love-you-like-a-blogger-roundup-2/ http://www.enemyofdebt.com/i-love-you-like-a-blogger-roundup-2/#comments Fri, 01 May 2015 11:55:27 +0000 http://www.enemyofdebt.com/?p=16447 Enemy of Debt - I Love You Like A Blogger Roundup – 5/1

My post from Monday participated in the Financial Literacy Awareness Carnival hosted over at The Heavy Purse.  If that wasn’t awesome in it’s own right, the post then got picked up over at Rockstar Financials.  Lifehacker is known to pull great content from Rockstar, so my mind was completely blown when my article got picked up and referenced at Lifehacker as well!  Super, duper cool. On a completely unrelated subject, I told my son that he could keep his first two paychecks from his first part-time job to do with whatever he pleased.  After that we’ll talk about paying for […]

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Enemy of Debt - I Love You Like A Blogger Roundup – 5/1

fistpumpMy post from Monday participated in the Financial Literacy Awareness Carnival hosted over at The Heavy Purse.  If that wasn’t awesome in it’s own right, the post then got picked up over at Rockstar Financials.  Lifehacker is known to pull great content from Rockstar, so my mind was completely blown when my article got picked up and referenced at Lifehacker as well!  Super, duper cool.

On a completely unrelated subject, I told my son that he could keep his first two paychecks from his first part-time job to do with whatever he pleased.  After that we’ll talk about paying for his own gas, saving, etc.  He’s had his eye on upgrading his computer for quite awhile, and he finally pulled the trigger.  The new parts have been rolling in, and this weekend we’re going to assemble his new computer.  I’m buying his old parts, so I’ll get to play with those as well. For a technology nerd like myself, this is going to be a very fun project.

Lots to fist pump here at EOD this week, let’s keep it going for my favorite posts of the week!

Posts That Make Me Fist Pump

Shameless Self Promotion

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Are You Lying To Yourself About Your Finances? http://www.enemyofdebt.com/are-you-lying-to-yourself-about-your-finances/ http://www.enemyofdebt.com/are-you-lying-to-yourself-about-your-finances/#comments Mon, 27 Apr 2015 02:00:59 +0000 http://www.enemyofdebt.com/?p=16426 Enemy of Debt - Are You Lying To Yourself About Your Finances?

Today’s post is one of a network of posts throughout the personal finance blogosphere taking part in the Financial Literacy Awareness Carnival.  The Carnival is being hosted by Shannon at The Heavy Purse honoring April as Financial Literacy Month. Once you finish this post, head over there to check out other great articles linked to by the carnival. Enjoy! Are you lying to yourself about your finances? Don’t be so quick to answer that question, maybe you should think about it a little harder. You will never reach your full financial potential if you’re lying to yourself about your finances, […]

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Enemy of Debt - Are You Lying To Yourself About Your Finances?

EOD_FinanciallyREal2Today’s post is one of a network of posts throughout the personal finance blogosphere taking part in the Financial Literacy Awareness Carnival.  The Carnival is being hosted by Shannon at The Heavy Purse honoring April as Financial Literacy Month. Once you finish this post, head over there to check out other great articles linked to by the carnival. Enjoy!

Are you lying to yourself about your finances? Don’t be so quick to answer that question, maybe you should think about it a little harder. You will never reach your full financial potential if you’re lying to yourself about your finances, so you’d better be sure. How about we examine the different ways you may be lying to yourself, then we can revisit the question.

Setting Unrealistic Spending Expectations

Just because you have a budget doesn’t mean you’re being real about your spending. At one point I had $100 a week budgeted for groceries, and we exceeded it almost every week. We just weren’t being truthful about how much we could reduce our grocery spending. This resulted in having to make frequent budget adjustments to make up for the grocery overages. Eventually we raised our grocery budget to an amount that was more reasonable, and found another item we were able to cut to make our budget whole.

You can cut costs, but you also have to be real about the basic costs of things.

I Can’t Cut My Spending

You can’t, or you won’t?  When Vonnie and I enrolled in our debt management program, it was an iterative process over the course of months before we really came to grips with how much we had to change our lifestyle to fit within our means.  It also amazed us at just how little we could get  by with if we really had to.

If you’ve fallen on hard times, you have to have a very honest discussion with yourself about what spending is really necessary.

I Can’t Increase My Income

We all wish we made more money. Some people stop right there, hoping their boss calls them into their office and gives them a pay raise. Other people go find a better paying job, or a side hustle to kick their income up another notch.

You can increase your income, if you’re willing to put in the effort.

I Can Save For Retirement Later

Retirement always seems like something that is far off on the horizon. It seems like an eternity away, so what’s the harm in waiting a few years to start saving? You can certainly do so, if you want to push retirement off as well. Time is a huge factor in determining how much you will have stashed away for your golden years.

If you put off saving for retirement, you may actually be putting off retirement.

I’m Comfortable With My Credit Card Debt

You’re paying all your bills each month, including your credit card bills, and still have money left over. You’re proud of yourself, thinking you have everything under control. You know you have credit card debt, but since you’re making your payments each month you’re OK with it. Let’s do a little exercise. Add up how much you’re paying each month in credit card payments. Now think about what you could do with that money in your pocket instead.

Are you still comfortable with your credit card debt?

It’s sometimes hard for us to see things in our life how they really are because we become desensitized to them. We need to hold them up to the mirror and look at their reflection. So what do you think after reading the symptoms of lying to yourself about your finances?

Are you being real about the state of your finances?

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