Over the past few weeks, I realized something interesting about myself. I don’t like to run out of things. Anything. Ever. And it’s not just the things I use everyday. Clearly, running out of soap or deodorant would cause some problems, so it makes sense to have some in reserve. Of course, I don’t just run out and buy some deodorant when the container starts to feel a bit empty. No, I always have at least one other container in the closet, sometimes two or three. I justify this by saying that I buy when the sales are good, which is true, but at some point, it is possible to stock up too much.
Especially since this is how I treat a lot of things. Personal care products, certain food products, etc. If I lived further from a store this might make sense. But I walk past a grocery store and a CVS on my way home every day. Picking up a few items would never be a problem.
But it’s not just your standard sort of consumables. No, it’s everything that might get “used up.” I listen to podcasts when I go running and I always have to have at least five podcasts on my iPod, even though I won’t even finish one on my run. Why? What if I end up running longer than I planned? What if the podcast has an error in it? What if I decide I hate the podcast?
Same with books. I can’t get on a plane without at least two books with me, even for a 2 hour flight where I won’t finish one book. I can’t have only one unread book on my Kindle. Why? Because of the what if’s.
Please note that it would not be the end of the world to be without a book or a podcast. I would probably survive. I just like always being prepared. I figure it’s not a problem at this point. I’m not spending more than I would, I try to buy on sale, and I use what I have. But at some point, storage might be an issue!
Megan is a 30-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.