Couples, Money, & Choices

Wow, it's been a busy few weeks!  One of the nice things about being currently childless is that summers actually slow down, rather than becoming schedule-crazy.  That means I've had a chance to catch up on some things lately, from laundry (there's my favorite capris!) to reading to finances.

Speaking of reading and finances, Get Rich Slowly had a cool article today about couples and managing money. One of the things I like about the site is the promotion of a "do what works for you" mentality.  The site author/owner (J. D.) and his wife (Kris) were recently interviewed for a short Redbook article about modern couples and finances.  Because of the number of questions he gets about their choices, J. D. put up the longer interview on his site.  It's an interesting look at one couple's system and a reminder that it's a good system if it achieves what you want it to.

The reason this caught my brain, however, is because my husband and I recently did something we swore we'd never do: bought a new vehicle.  Not just a new-to-us vehicle.  A new-to-the-whole-world vehicle.  A new-car-smell vehicle.  A vehicle with an odometer reading of less than my age (at least till I drove it home... I'm not that old!).  Scary!  But to me, it's a great example of meeting our needs with our resources in our way.

As I've mentioned before, we're expecting our first child this fall and we only have (had) one vehicle.  The one vehicle situation has been tricky but good, cutting our cost of living for well over a year.  But a new baby forces a lot of new questions, like: what if the baby spikes a fever and the car isn't at home?  Which, on the surface, is ludicrous; one of the reasons we decided to start a family here is the incredible friends we have, one of whom would surely either drive us to the hospital/clinic or would loan me their keys.  But you still worry.

Then we started asking more sane questions: what about our next move?  My husband is in the military and moving is inevitable, likely to happen in the next 18 months.  Our last move was done in one vehicle... packed to the brim with two dogs crammed into one seat for four days, because all the other seats had Stuff in them.  While my packing priorities will change this time (baby-stuff likely outweighing the Wii Fit), neither of us could picture a situation with less bulk to carry.  We still have two dogs, we will have an infant, and who knows how long we will be house-less.  So, we said, larger vehicle, an SUV.  But not till next spring, when we have to plan our move.

Right.  Then we started talking about summer plans, like the baby showers that our family is graciously throwing for us.  We save money by driving to see family (looked at airline tickets lately!?) in large part because we can take the dogs with us; plus it's built in us-time.  But baby showers, unsurprisingly, come with baby-stuff and it's the same stuff that we will eventually be moving with.  And my sister will be traveling with us for 1.5 trips this summer.  All of which adds up to needing the space now.

And so we researched.  And shopped.  And did a lot more research because we are nothing if not careful with large purchases.  We calculated what we could afford; we started a car fund where we've made a monthly car payment to prove we could do it; we looked at cost of ownership, not just sticker price.  And then we did some more shopping.  It turns out that through a combination of USAA's car buying program and a Memorial Day special, we could buy the basic Nissan Pathfinder we wanted for less than what we could afford.  In fact, for less than a two year old version cost, which is what we had been considering.

It was scary.  The whole time I was thinking "Are we really doing this?  We didn't come in today to buy and we especially didn't think we could buy new.  Are we jumping on something when we should wait?  I know we ran (and re-ran) the numbers, but can we really afford this?"  We asked the salesman to let us talk it over several times and (to his credit) he did it with no pressure to us.  We talked it over, re-ran the numbers quickly, and couldn't find a downside worse than not having intended to buy that day.

And you know what?  Besides one false-panic moment (3 in the morning is a bad time to be awake and trying to do math, especially while pregnant), I've been comfortable with it.  It's what we wanted, for less than we were willing to pay, for way less than the average sale price, and it has all the benefits of a new, warrantied vehicle. It would never have been possible for us to do this without prior planning, some serious advice-style help from family and friends, and a lot of communication between the two of us about what we wanted and could handle.  I'm thankful that my husband and I can have regular conversations like that without it becoming an argument.

Plus, since it's the color I wanted, what's to argue?  ;-)

Spelling and Financial Role Models

The next post I was planning was going to be an update on my quilt making and some pictures of the teddy bear fabric I found.  In the meantime, I was perusing Facebook and my Google Reader links and found a couple of interesting topics that I feel deserved some thought and conversation.

In the funny category, the sister of a former roommate of mine posted a link to this comic about 10 words you need to stop misspelling.  Misspelt homophones and possessives are a pet peeve of mine and I love the descriptions and examples on this comic!  I would also like to add are/our to their list, as I've seen that one a lot on Facebook lately (proof that people increasingly write/type like they speak).

Otherwise, one of the latest posts on Get Rich Slowly caught my brain today.  It's about frugal role models and surrounding yourself with similarly minded people (financially speaking).  Friends, family, famous millionaires/billionaires... the comments were nearly as interesting as the post.  Many people responded with not only role models but anti-role models, people they're trying to avoid becoming.  I'm intrigued by the idea of actively seeking out support by starting a savings club (sort of like a financial book club) but think it has a lot of potential to backfire.  You'd have to be very clear about rules and expectations from the beginning.  Ever tried it?  What do you think would make such a group work?

In any case, the GRS post makes a good point about having different role models for different areas of your finances, which is definitely true for us.  The post made me think a bit about who I associate with and who I look up to, as well as what I want our children to learn from us.  For instance, our parents are great about planning for retirement.  My friend Jen is an awesome coupon and bargain hunter.  She and my friends Leah, Amy, Kari, and Sarah are great about comparison shopping, making things at home, and spending where it counts (something I value highly as a financial attribute).  We have lots of friends at various stages of paying down debt.  It makes it easier to stay on track when you know other people are also working hard, even if their circumstances aren't exactly the same.

Do you have financial role models?  Are you like me, looking for more?

The Beginnings of Quilt 1.2

I finally uploaded the pictures of the new quilt I'm making to the computer last night... sharing time!

First, I'm using the "orange quilt" pattern on Cluck Cluck Sew as my template.  I love the white and orange look; I originally meant to make a quilt with solid tan blocks (for the teddy bear decor in the future nursery) and different colored patterns.  But, after finding some good deals ($1 fat quarters!) at a local quilting shop, I'm going with something a little different.  Instead, I'm using three different solid colors (red, green, & blue) and tan patterned pieces.  Here are some pictures, including gratuitous shots of my new (50% off!) self-healing cutting mat:

This is the selection of solid colors (the red one has a nice little texture pattern to it).  The teddy bear & ducks design is a cross-stitch pattern that I'm buying soon to stitch and hang in the baby's room.

 Four of the six patterns I picked out.  I wanted to make an 8x12 pattern and counted total squares in the store, not a per pattern amount.  Didn't realize I'd need six till I recounted at home (whoops!).

A close up.  My favorite is the paisley!

 The pieces of future blocks in order and pinned for sewing.  I used the recommended stack 'n' whack method to cut them all out and it was much quicker than measuring and scissors!

A close up.  You can see some of the color combinations here.  This is only 4 of the 6 tan patterns.

The center squares and flaps are sewn and ironed.  The pattern on the right is the missing fifth pattern and has some cute stars and swirls.

And, in this picture, the pattern on the right is #6.  It's darker than the others, but I'm planning on a dark brown backing (I think!  You know how these things go.)

Next step is pinning the strips onto either side of the center strips and sewing and ironing them.  Then they'll be ready to finish piecing!  After cutting out most of the blocks, I discovered that by using the stack 'n' whack page, I had cut blocks that will finish at about 1" too small to make an 8x12 quilt approximately twin size.  So instead, I got to return to the quilt shop and buy not only 2 new brown/tan patterns but border fabric!  The fabric I picked was one a friend pointed out to me on an earlier trip and it is super cute... tan with solid color letters everywhere.  I forgot to take pictures of that but will add them soon.  I also have two new teddy bear fabrics (Hancock Fabrics was running some great deals!) that I will post projects for in the near future.

So far the quilt has gone together easily, although I'm slowly remembering why quilting is so expensive both in time and money.  I'm excited to see the finished blocks and to play with the arrangement for the front!  What do you think?

Dogs and Quilts

Being pregnant has lead to some odder-than-usual observations; for instance, it makes me understand my dogs better.  They're beagles and they're known for a number of traits: their enthusiastic greetings, their loud beagling (beagle literally means "to trumpet"), their insanely sensitive noses, their insatiable appetites, and their willingness to nap on the couch at any time.

I can't compete with the noise they make (or their joy at meeting someone!), but in the first trimester, my hyper sensitive nose revealed all sorts of smells of which I was previously unaware.  For instance, I now know why my dogs run over every time I open the fridge or pull the kitchen garbage bag out.  Even though they never get anything out of either event, it smells like food... all the time.

Now that I'm past that stage, my sense of hunger has returned.  I'm actually supposed to eat every couple of hours because of sugar problems, so I'm also never allowed to over indulge.  This leaves me in a perpetual fix-food/eat-food/hungry-for-food cycle.  I often joke that my dogs will eat anything that will stay still, or occasionally just move slowly (Dog #2 and grasshoppers are great entertainment!).  In any case, I'm beginning to seriously sympathize with their continual drive to eat!

As I write this, both dogs are lounging on the couch "watching" the Yankees game with us.  Even with the increased energy of the second trimester (relatively speaking) I'm spending more time resting these days and can tire myself out in a hurry.  And when I need to sit and rest, it is nice to have two warm dogs to lay next to me on the couch.  :-)

In the mean time, I'm (ambitiously) starting my first quilt this weekend!  Well, let's be honest... my second quilt.  I started one way back when I was... 8?  9?  Anyway, it's a patchwork quilt that never got past the piecing stage (I'm seriously considering seam ripping the squares and using them for other projects).  I've meant to learn some quilting techniques for several months now and, as so often happens, it looks like I'm largely going to teach myself.  Pictures of the pattern and fabrics I've chosen are coming soon!

Internet Brain Food

If the internet has one overwhelmingly awesome feature, it's definitely the ability to bring me other people's thoughts and research with such ease.  I use Google Reader for this and it continually surprises me with what it reveals.

Take this for instance: a two-part post on Get Rich Slowly about how money does buy happiness.  It sums up a study that discovered that if money isn't buying you happiness, you're spending the wrong way.  Read the posts for tips on better ways to spend; my favorites are "buy experiences not stuff" and "delay consumption" and I was most surprised by "beware comparison shopping".  This falls very neatly in with my personal theory that money is a tool like any other.  The good or bad it does is related to how it's used, not any innate qualities.  (A favorite quote of mine: "Whoever said money can't buy happiness forgot about puppies!")

Does information like that change how you approach your finances?  Over the last year, DH and I have been trying to concentrate more on experiences than Stuff and it has definitely been good for us!  In digging through the last couple of weeks of posts at Get Rich Slowly, I also found a link to an interesting article that lists things we really could do without.  Some I agree strongly with (GPS, tanning beds) and others (microwaves, debit cards) I think provide a greater benefit than cost, especially in regards to time.

In addition to personal finance, I also get blogs and articles about a variety of science topics.  Yesterday, the Freakonomics blog posted about education versus expertise.  While I could use this to rail against the education system, instead it made me wonder about something psychological.  What the blog and the study it references seems to say (to me at least) is that people who spend time introverting a problem progress better than people who extravert it.  Now, there is definitely some personal bias coming through that interpretation, but the study supports the idea that mentally handling a problem (i.e. thinking about it) produces better comprehension than physically handling it (i.e. repeating a procedure over and over).  Coupled with Myers-Briggs typology (especially the I/E and N/S spectrums), there are all sorts of fun implications for that, but I think the salient point is that education should focus more on teaching people how to approach a problem, how to consider, rather than how to do.

What does the internet bring you?