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Personal Finance is Tedious!

November 22, 2011

I don’t know what has changed, but I have not been interested in personal finance lately.  I haven’t tracked my spending carefully (though I fully plan to reconcile my budget this month).  I haven’t been on top of my annual enrollment, even though choosing health insurance wisely is important.  I haven’t done savings projections.  I’m just totally uninspired!

I think it happened when I had to start considering T’s irregular pay schedule with my own.  Previously, goal-setting was easy, because I had a very good idea what kind of cash I’d be bringing in.  Now, T got a check in September, will get one in January, and one more in March or April… then we have no idea where his next check will come from!   My monthly budgeting scheme totally fails in this situation!

I’ve been doing really well with the little things like bringing my lunch and not buying things I don’t need, but I feel like I have no “big picture” when it comes to personal finances.  Lately, I’m much more interested in my career and my running.  Personal finances has become a chore!  Do you ever get into this mode?  What do you do?

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12 Comments leave one →
  1. November 22, 2011 8:18 am

    I’ve been tracking our spending and saving for so long that it’s automatic now. I would suggest setting a goal or challenging yourself in some way to where you’d be forced to track your finances as part of measuring whether you’re achieving the goal.

  2. November 22, 2011 8:20 am

    I get into that mood too. Tracking my spending, watching the transactions, paying each one off and making sure my identity hasn’t been stolen. *yawn*

    Right now I am also focused on my career rather than my finances, particularly since I have $0 income coming in at the moment 😛 😛 😛

    The good news is I’m not worried about the $. So I leave it on auto-pilot and I’ll worry about it or set a goal once I have my career goals set.

  3. November 22, 2011 8:30 am

    I’m getting to this point too, especially now that I do not have 100% control over our spending decisions (ahem, because CB is his own person and has his own priorities. Shocking, right?) But then I calculate our combined salaries, combined retirement accounts, combined saving abilities, and I feel a little better.

  4. November 22, 2011 10:58 am

    I definitely get that way. I made some tweaks to how I budget recently so that I don’t feel like I have to track everything. I also decided to focus on two longer term goals in order to not feel overwhelmed. Somethings you just need a break. That is when it is good to have everything on autopilot!

  5. November 22, 2011 11:57 am

    I get bored too.. it seems to come in waves: sometimes I’m super excited & passionate, then the rest of the time it’s like “meh”. It’s harder now that I’m only paid once per month. One payday and 29 non-paydays usually means not thinking about money 29 days…

  6. beingirene permalink
    November 22, 2011 5:25 pm

    I’m bored of my weekly reports/spending recaps too. I seem to spend the same amounts on things each week so after the first month of tracking I got bored with the monotony of it all. I’m hoping to get motivated again – its something nice to see in a weekly snapshot! We will see how it goes.. We are in the process of buying our first house that will need some serious budgetting for much needed renovations so we will definately be tracking that!

  7. November 22, 2011 7:21 pm

    I think you should look at being bored with your finances as a gift, in a way, and not stress about it. It too shall pass. You have the fundamentals down, and while you may not be optimizing every last penny at the moment because of your boredom, this itself is a luxury.

    You know this, but when you are struggling financially, you cannot let up for a day. There is no opportunity to be bored, it is an obsession. I have been at the point where I have been bored before, too, and I long to join you back there! 🙂

    I think you are doing great.

  8. November 23, 2011 12:40 pm

    Finances get “boring” after a while if everything is sort of on autopilot. After all how many times can you write about spending caps, budgets etc? I think it is important to make interest/concern about finance a lifelong habit or else bad habits can easily slip back in. Right now i share your tedium so it’s hard to give advice!

  9. November 24, 2011 3:45 am

    It happens from time to time, I have to confess. Road to financial independence is a marathon rather than sprint.

    The other thing while you are setting your goals they are money specific, but do not tell you how are you getting from A to B. Where do you want to be? What is purpose of your personal finances?

    You are doing great, much better than average, but there is very little inspiration in it, for yourself.

  10. November 25, 2011 12:21 pm

    For the longest, it looked like boredom too but I know it was more realizing that I didn’t have control over the other half of the household, and wouldn’t be taking those reins until we were married yet that made me lose interest in scrutinizing everything like I used to. It just lost the fun factor because there were still *always* some unknown bits to it so the exercise was never complete even for the month.

    Now that the ball’s back in my court, I’m digging for new things to do for the new year: cost cutting in our combination of household stuff, refinancing his (now ours?) mortgage, etc. Well, ok, I don’t have to dig very hard at the moment but that’s my agenda for the next few months. Can’t say I won’t feel too blergh about it after we’re locked for the year on all points either, though!

    So, how to deal with the not knowing how much T makes? I make it up, sorta. When I was making a quarterly supplement that was variable, I’d take an estimate of what I would probably make over the year at the low end, and then divide it over twelve months. I’d just work with that for my annual planning and make three projections – low, mid and high. I’d then stagger my savings goals along those projections.

  11. November 26, 2011 10:22 pm

    I get that way, too. Plus, sometimes I feel that the more I think about money, the more stress I put on myself. I just need to remember that focusing on money will help me achieve what I want to faster which is building a house.

  12. findingserenity2010 permalink
    November 27, 2011 5:50 pm

    I don’t know if it’s so much “bored” as it is “tired” of it all. I am having a hard time tracking two checking accounts and 3 savings accounts in our household, as well as all my debt accounts, and both BF and I getting paid weekly.

    To be quite honest, I completely lost track of some things and gave up a couple weeks ago … then I decided to go back and sign up with Mint.com to help me out. so far, I’m still having hiccups with the site but it is eye-opening to see how much I missed – especially the 4 $1.40 sodas we bought last week and 4 different times eating Subway in a month (!) which seriously adds up. I feel lazy using a website to track everything, but once I get everything sorted out and all those transactions categorized, I’ll be ok with it

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