looking upward

July 15, 2008

The more I look at houses and mortgage calculators, the more I realize that the amount I had in mind for a down payment and closing costs and emergency fund is too low, if I want to have the kind of security I want to have going into the mortage.  I could press forward with what I have, but I would feel better if I had more money to work with.  I’d rather overestimate than underestimate.

I am talking myself out of being disappointed.  

Actually this is cause for joy.  It’s better to know this now than later.  

On another note, I’m looking forward to further career development.   I’m working on a volunteer project that will: 1) help someone in need, 2) give me valuable experience, 3) help me network with other like minded colleagues.  I’m still waiting to hear back on the interview I had, but I can expect to wait a little longer before hearing back.  I’m consistently looking at the market, but it’s tight right now - all the more reason for me to believe that this job I’m waiting to hear from has my name written on it.  Often, the good things come with a little patience.

one track mind

July 14, 2008

All I can think about lately is the house.  I talked about it so much over the weekend that Mister Ant had to ask me to chill out.  And he’s a very tolerant and patient man.  (He has to be, to be with me.) 

I have a set of bookmarked tabs set up in my internet browser.  The first is at one of those sites where you can browse houses for sale.  Another is a zip code map of my area, so that I can browse for homes by zip code.  Another tab is the site for the local transportation authority, so that I can see whether or not a house I’m looking at is close to public transportation - which is an important dealbreaker for me.  Yet another tab links to a crime statistics site, so that I can see where the homicides for the last two years have been in relation to the homes I’m browsing.  One more tab (and I know this may be controversial) shows the racial makeup of the areas in the city.  I want to live in as diverse a neighborhood as I can afford.

I’ve been looking at these different sites, getting a feel for the city.  I’ve also been getting lost on purpose in the city - it’s a great way to learn!  It’s still too early to call a realtor, but I am looking more seriously for first-time homeowner counseling.  I’m so excited!

staying positive

July 11, 2008

The last time I had a big money goal, it was to pay off the last of my old credit card debt.  I worked on it for many months.  Sacrificed for it, planned for it… scribbled on the backs of countless envelopes…  I came so very, very close.  I had even started to save a little bit of money from each paycheck towards My Own Home.  And then I was laid off from my job. 

I didn’t panic, even though part of me wanted to do exactly that.  Instead, I took my entire severance pay and put it into the My Own Home account, but I didn’t do it with a lot of enthusiasm.  I figured that since I wasn’t employed, there wasn’t any point in getting too attached to the money, because financial need might make me have to raid the account.  In case you were wondering, that’s why I put the word "tentative" next to this blog’s My Own Home progress bar.

Here I am, seven months later, making more money as a temporary employee than I’ve ever made before, and saving at a faster rate than I ever anticipated before I was laid off.  I am blessed.  Today, I am 94% of the way towards my down payment goal, and given my prospects at work, I can reasonably anticipate that I will meet my goal by the end of this month, enabling me to move on to beefing up my Emergency Fund.  I am in awe - I’m on the cusp!

But I did have these fleeting thoughts:  What if my project ends earlier than I think it will?   What if I have to dip into my savings?  Last time I got soooo close without actually finishing - what if it happens again?  Maybe I shouldn’t get my hopes up too high, too fast.

Guess what?  I can’t afford to do this to myself.  I have to stay positive and not get pushed around by fear.  When I was laid off, I wasn’t able to pay off the last of that debt for another two months, but that wait didn’t kill me!  When it was all said and done, I did eventually reach my goal.  If for some reason I’m not able to save any more for a while, I’m still 94% of the way there.  And even if I wind up having to dip into the account, it can be replenished when (not if) I’m able.  What’s to fear?  Only a negative attitude.

I’m just going to continue to push and push enthusiastically until that progress bar gets all the way over to 100%!  That’s where my head is at.  And that’s where I’m going to keep it.

falling in love

July 9, 2008

This is a long post telling about my first vacation in detail.  I tried to include the finances of the trip as often as I could, but to be honest, I’m still unpacking - I haven’t even culled through my receipts yet.

Friday

My friends and I spent Friday in transit, pretty much.  I caught a cab to the train station in order to catch a train to the airport to catch a flight to another airport to catch a flight to the airport in New Orleans to get a prepaid shuttle to the hotel.  We had just enough time to check in, take the bags upstairs, freshen up, and walk over to the concert at the Superdome, which was great!  The travel arrangements worked well, except for one snag.  By the time we got there, late in the afternoon, all of the double-bed rooms were taken and we had to settle for a one bed room with a fold out couch.  One of my more experienced travel companions asked about breakfast service - a subtle but effective hint - and we were compped breakfast for the following morning.  We ate lunch in the airport and had concession food at the concert for dinner (we hadn’t really planned ahead on food for Friday.  The view from the hotel was outstanding.  The entertainment was more than I expected it to be.  We saw J Holiday, Rhianna, Chris Brown, and Kanye West from the floor seats, and it was an energetic and fun show.  I wasn’t prepared for the size of the Superdome, and I kept looking up at the roof for the hole, but it wasn’t there.  There were plenty of places to spend money - vendors selling everything from t-shirts to Greek paraphernalia to sunglasses to daiquiris in pineapples.  I didn’t buy anything that night except some jambalaya at the concert that cost more for the bowl than the box of Zatarain’s it came from.  By the time we walked back from the concert (we weren’t being cheap on the cab, the traffic was just that bad that Poydras and Canal were all backed up) we had been awake and running full speed ahead for a long time (I had gone out partying with Mister Ant the night before).  We fell out asleep as soon as we hit the hotel room.

Saturday Before Sundown

Saturday brought sunshine that filled up the room with light and promise.  We reserved space on a plantation tour (my friend paid for it and we paid her back in cash) and then went downstairs to the hotel dining room for our free buffet breakfast of custom omelettes, grits and gravy, ham, waffles, fruit… it was decent fare and a nice place to eat, especially for free.  We stopped at the drugstore for a big back of water and other things we couldn’t get through airport security and then we headed through the French Quarter to meet up for the tour.  First, everyone was so friendly!  I felt at home the whole time I was there.  Second, the Quarter was so quaint and interesting and pretty and colorful.  I loved it immediately.  My camera batteries conked out on me so I bought some more and I’m glad I did because the tour was so picture worthy.  Our tour guide was a Louisiana native with a good sense of humor and a wealth of knowledge.  I learned what a bayou was, finally.  I learned about crab trapping and the need for wetlands protection, the numbing properties of a good mint julep, the differences between French slavery and American/English slavery, and so many other things.  At the plantation, I liked the weight of the humidity in the air and the stateliness of the 600 year old walking oak trees.  We learned about the architecture and how the verandas and parallel windows helped to keep the homes cool in the days before air conditioning.  Of course, we tipped the tour guides.  I got lots of pictures of the countryside.  There were still old rusted tin roofed slave cabins standing on the side of the road, and sugar cane is still being planted out there in fields as far as the eye can see.  On the way back from the tour, we walked through the tourist mall, the Riverwalk, and ate there before picking up little souvenirs and working our way back to the heart of the French Quarter by streetcar.  We wandered, taking in the sights, taking pictures, and having fun just hanging around Decatur Street near Jackson Square.  There were street performers, artists, passenger mule carts - it was so busy and the energy was so lighthearted and fun.  I took video of a little crew of teenagers that had people dancing right out front of Cafe du Monde at the French Market with their drums, tuba, and trumpets.  They were good!  My friends and I split up - two of us went to dinner and my other friend went on a voodoo tour.

Saturday Dusk Til Dawn

We ate at a nice little corner restaurant on Decatur across from the French Market, out on the veranda watching the sun go down over the city.  Before ducking into the restaurant, we watched as the police lifted a purple colored man into an ambulance - it looked like he’d been hit by a car but it turns out that they pulled him over for flicking a cigarette out of a window, they found that he was drunk, he resisted arrest and they had to taze him.  Wow.  On the veranda, I asked the neighbors at the next table over if I could take a picture of their big plate of crawfish, and as we talked we found that one of them had lived in our Philadelphia for six months after being displaced by Hurricane Katrina.  He’s now back at home, and I’m happy for him.  I can understand how having to start your life over in a new city can be discouraging, but by my second day in New Orleans, I was so in love with Louisiana, I couldn’t imagine not wanting to come back home if I was in his shoes.  After sharing a meal of crab cakes, my friend and went off to wander the Quarter, checking out the architecture - the corridors leading from the street to inner courtyards, the shutters, the tropical colors, and the intricate ironwork.  We marveled.  My friend was a little nervous about wandering after dark in a strange city, but I figured since we were together, we were safe with each other.  We wandered up to Bourbon Street, which wasn’t very crowded since it was still late in the evening, and wandered past Preservation Hall and Pat O’Brien’s on the way back to the hotel.  All three of us reunited at the hotel and headed out by taxi to Faubourg Marigny to see a mutual friend from Philadelphia, who was an artist performing at a hookah bar.  Good times had by all, we left for Bourbon Street (after finally getting a taxi that didn’t pass us to pick up white people - no I am not exaggerating, it happened twice and it was blatant and I wonder if it was because this time, we were with a man) and this time, Bourbon Street was crowded and loud and colorful.  The crowd was a little younger than I felt comfortable with, and the guys were a little too forward with the grabbing, ‘Ey Mama’s and all, so I was glad when my friends decided to come back to the hotel.  By this time, my calves were sore from all the walking and my feet were ready for a rest!  I slept like a baby.

Sunday Before Dusk

Two of us woke up early to head out to the spa - me for a massage, and my friend for a facial.  My therapist was really good at answering my questions and explaining more about massage to me.  I liked the whole experience and I am committed to making it possible for me to continue getting massages.  After paying and leaving a tip we met up with our other friend and headed over to Cafe du Monde to have beignets (French doughnuts that taste just like funnel cake) and coffee together, which I really enjoyed and I don’t usually like coffee at all!  This was by far the most affordable meal I’d had on the whole trip.  By this point I had exhausted the cash I brought with me (on transportation, tips, souvenirs, sunglasses-because-I-had-left-mine-at-home, and food) but I went to a drugstore, bought two candy bars (which came in handy later on the airplanes) and got $40 cash back.  I had reserved and paid for space on a Hurricane Katrina tour for myself and one of my friends, and when she paid me her half in cash, there was plenty for me to get through the rest of the trip.  After picking up some beignet mix for my house and for a friend, two of us left for the Hurricane Katrina tour and our friend who had gone on the voodoo tour wandered the Quarter.  The Katrina tour wasn’t exploitative of the people who live there.  Its main purpose was to explain why it is important to the residents and the country for us all to commit to rebuilding - even in the low lying areas.  We saw failing commercial areas, thinned out residential areas, and many many signs of resilience and the will of the people to renew and replenish their city.  I wanted to buy a house myself.  The tour showed us first hand how important the levee and canal system are to the well being of the city, and I got a better understanding of how it was possible for the storm surge to be that devastating.  We also stopped briefly in City Park at the Botanical Gardens for pictures.  By four o’clock, all three of us reunited and walked over to Congo Square, where it just so happened that there was an event starting as we arrived to honor the ancestors who kept our culture alive.  There were drummers there from several African countries.  I poured libations for the ancestors on the site and we enjoyed the music before leaving.  We were chased back to the Quarter by a thunderstorm that threatened but never poured.  I picked up some souvenirs (T-shirts, 5 for $20) and then we ate right up the street from Pat O’Brien’s (where my drinker friend preferred a mint julep over a hurricane - sorry Serenity).  We had a blackened fish appetizer, and then I had and thoroughly enjoyed crawfish etoufee with a side of jambalaya (finally a bowl that didn’t taste like Zatarain’s that I could have fixed myself) and I had the best pecan pie ever for dessert.  I am going back to this place the next time I come back, and I will come back!  Our waiter was a charmer - I love that Louisiana drawl!  It’s just sexy.  (Did I just say that?)

The Neverending Last Evening

Two of us went to another concert that night while the other had fun wandering the Quarter and going to the casino.  (Why do they card people before they let them walk into the casino, but let random Pretty Tony sell mixed drinks out of the trunk of his car on the side of the road, and have daiquiri drive-thrus?  That doesn’t make any sense.  Up north you can just walk into the casino and you only get carded if you look like a child.  But you can’t just get drunk anytime anywhere and you sure can’t have a daiquiri in your car, LOL!)  The concert was good - Keyshia Cole, Chris Rock, Mary J. Blige, and Maze featuring Frankie Beverly.  I really, really had a good time.  I was doing the Electric Slide in the Superdome!  By the time we got back to the hotel it was time to round up the last of our things and get ready to catch the shuttle back to the airport to wait for the plane to take us to another airport to take us to Philly.  We saw the sunrise from the airport while waiting to board our plane.  The stupid plane all but reversed my massage’s wonderful benefits and I didn’t really get any decent sleep after Sunday’s fun until I got home on Monday afternoon.

It was totally worth spending money on.  But I am not looking forward to adding it all up because I’m almost certain it’s going to be a four-digit number.  My friends and I all want to go next year, but we are going to have to figure out how to do it for less, especially if I am going to ever get around to using my passport.   But I would actually like to go when there isn’t a big festival full of out-of-towners just to see what it would be like then.  I love New Orleans, and I even have a t-shirt that says so.

i loved new orleans

July 8, 2008

Beignets and Cafe au LaitCafe du MondeCity ParkCongo Square
Oak Alley PlantationPat O'Brien'sCrawfish Etoufee and Jambalaya

 

This is all the motivation I need to keep doing well with my finances.  I have hundreds more pictures and all they make me want to do is go back!  My friends and I had so much fun on our trip!  I can’t wait to go back.  If I could afford it, I’d buy a house there.  Who knows?  Maybe one day I will afford it…

three things of interest

July 2, 2008

First, my toes are cute!  Pedicures tickle.  But it’s okay, I can always use a good laugh.  One thing though - I would rather get cocoa butter than cheap lotion.  This is the second time I’ve paid someone money to pamper my feet, and this is the second time I’ve been disappointed with the moisturizer.  Should I bring my own?  Shoot, should I have to?  This is why I’m glad for my frugality sometimes - I could have done as good a job myself.  But I’m glad I could afford this pedicure, because I really didn’t want to take the time to do the job myself.  (Is this what "I’ve got more money than time means?"  Ooohhhhh…)

Second, I am so proud of Serenity - Please check out her blog, she is living my dream right now and is such an inspiration.

Third, I am not surprised that Starbucks has to scale down.  People are probably spending their latte money on gas.  I’m happy to not have to spend my money on either nowadays.

Yes this is a lazy post, but guess what? I’m having a lazy week.  I have earned it.  This week I am pretending to be a woman of financial means by playing the role of the princess - pedicure, massage, vacation, nice hotel…  I’ll go back to being a hardworking, distracted-by-reality, hustling-to-get-ahead peon next week.

retrospective

June 30, 2008

I can’t let the month fade out without taking note that I started this blog, The Hustle of Sistah Ant, about a year ago.  I have really had a good time writing this blog and reading others’ blogs.  If you look at my net worth chart, you may notice that although I was already making financial progress before starting this blog, there is a marked difference in the speed of my progress after I started this blog.  It has helped me very much, in various ways.  For example, my self-inflicted mandate to write at least four days a week has forced me to be more reflective on the state of my finances more often.  Also, having the progress bars in my sidebar has been helpful, because I would actually be more aggressive in paying down debt and saving money just to make the progress bars move faster.  Another perk has been getting feedback from commenters - thank you so much for reading and commenting!  It lets me know that I’m not just talking to myself, and it’s helped me to learn and get various perspectives.

And, since I’ve already directed you to my net worth chart, let’s talk about it.  Since June 2007, here’s how far I’ve come in my progress:

Difference in cash assets: $11,816
Difference in stocks: $200
Difference in retirement savings: $2,003
Difference in car equity: $2,181
Difference in assets: $12,229
Difference in credit card debt: ($6,818) - I am now revolving debt-free!
Difference in debt: ($13,713)

Total difference in net worth over the past year: $25,942

last day of brokeness

June 25, 2008

There’s this little song that plays in my head on Wednesdays, the day before my direct deposit wire hits my checking account.  It has the same melody as the 12 days of Christmas: "On the last day of brokeness my true love said to me…"  That’s it. There are no more lyrics to the song.  That part just plays on a loop.  Yes, it’s annoying, but I can’t help the songs that play in my imagination.

This week, the last day of brokeness has come not a moment too soon.  I’ve got a credit card to pay off, retirement savings to do, New-Orleans-trip-spending-money-savings to save, bus tokens to buy - oh and most importantly, household expenses to kick in on.  Whew!

I’m still thinking about buying some new clothes before the New Orleans trip, and maybe getting a pedicure before I go.  I’m not too sure about these things, but I’ll see if I can fit ‘em in.

So, I am one day from spending* my paycheck into oblivion.  I like Wednesdays!  I should really flesh out the lyrics of that payday carol, though… hey, if you guys have any suggestions, help a sistah out.

 

 

 

 

 

*I know, I know, there’s something that seems un-frugal about spending your whole check before you even get your hands on it, but let’s remember, I am saving Herculean percentages of every check, so even though my checking account will be lean when I get finished with it, my savings account will get fatter by the time I’m done sending money from my paycheck to fly off in several directions.

ten thousand dollars trois

June 17, 2008

I don’t speak French, but I can at least count to ten (with horrible pronunciation) and I know trois is three.  This is the third time I’ve had a ten thousand dollar milestone to share on the blog.  The first time, I’d managed to move my net worth ten thousand dollars higher.  The next time, I had increased my cash assets by over ten thousand dollars since the time I’d started this blog. 

This time is the most exciting for me by far.

There’s exactly ten thousand dollars in my My Own Home savings account right now!

I’ve still got to save another $3,000 to get enough down payment to feel comfortable putting on a home, and I’ve still got to beef up my emergency fund so that when I write the big check for My Own Home, I won’t be without a savings (see my new progress bar?).  However, this is a momentous occasion for me - I have never had a five-figure account balance before.  This is even my first time saving over $1,000 without the help of a student aid disbursement or a severance check.

This is nice - and I should be able to save even more as the month wears on. 

money cometh

June 2, 2008

While away for the weekend, my lil’ cousin’s mom, my aunt, handed me a check for $25 for gas money.  Who knew?  That check is being deposited into the bank account that I’ll use for spending on my New Orleans trip next month.  So far, that account has over $200 in it, made up of an insurance refund, survey participation checks, and money from the bank that I received for recommending that Sistah Beginner start an account there.  Those amounts, ranging from $50 to $3, have added up.

When I walked through the door on Sunday evening after a very fulfilling trip, I received another survey participation check in the mail.  I’ll deposit it into the same account.  It’s going to be nice to be able to spend it in New Orleans guilt and debt free.

Guess what else?  My dad gave handed me two crisp bills for "gas money".  He just slipped it into my palm.  And when I looked at my hand, I was holding $200.  He just bought himself a sponsorship brick in the garden of my new home.  OK, maybe not quite, but I promptly deposited the cash this afternoon, and it is on its way to the My Own Home account.

My point?  Multiple streams of income are good.  Sometimes when you’re not anticipating getting a financial benefit out of doing something, you wind up benefitting anyway.  And, thinking of creative ways to use the money that comes into your hands makes more sense than mindlessly spending it.