We’re spending the Christmas holiday in Hawaii, so we will be taking a virtual break until the New Year when we will return on Monday, January 4 with a December plan update. We hope you have a wonderful holiday season with family and friends and spend time on what is the most important. Also, I had another post planned about some little-known facts about reindeer, but Mental Floss beat me to it, so I recommend checking that out. Also, we were interviewed over at Even Steven Money so go check us out there!
Category: About the Banks Page 2 of 3
Yesterday, my dad drove up to his office with his briefcase in hand, went in through the back door, met with clients as usual, and when the day was done, he walked away forever. He hadn’t planned to retire for another 5 years, but someone offered to buy his small business earlier this year, so he did some calculations. He realized that if he carried the loan on the business and charged a low interest rate, the person buying the business would be happy with the low rate, and my dad could use the loan payments to retire five years earlier than planned. I’ve known about this for nearly six months and have had several thoughts since hearing the news. Here are a few of those thoughts:
FLASHBACK: I’m eight years old. My mom and sister and I decided to be in the community production of “The Best Christmas Pageant Ever.” I was a baby angel. Adorable, I know. We had rehearsals/performances every evening Monday-Saturday through Christmas Eve. It was fun and festive and everything always felt so Christmassy! But what about my dad? He couldn’t be in the play with us because rehearsals started before he was done with work. He came to several performances, but mostly, he was left to fend for himself most evenings leading up to Christmas. Christmas is about families and he missed us. Christmas morning arrived and we were all together. My sister and I came running down the stairs and saw the biggest load of presents around the tree I’ve ever seen! It turns out my dad spent his evenings buying us stuff… lots of stuff… to make up for not being with us. As the stuff pile grew taller and the wrapping paper pile got more out of hand, my mom got a bit tense. The following year my mom made a sweeping declaration: this wasn’t going to happen again.
Yesterday, I finished the ice skating class I took at the university. My final included me performing a routine to “Shut Up and Dance With Me” (best song ever, by the way). Yes, I know, you wish you could have been there. But let me tell you that I was the worst one in the class. Don’t think I’m being humble. I’m just being honest. I’m a terrible ice skater. My final routine included mainly skating forward, doing one turn, and stopping while skating. The teacher told me to skip the other stuff. I did fall down in the first two seconds, but then I got up and did the rest pretty well.
Happy Monday everyone! I hope your weekend was pie-filled and celebratory in meaningful ways. This Monday we’re doing something a bit different. Steve over at Think Save Retire issued a challenge to record a one-minute retirement sound bite. He posted an example (so fun to hear voices!). I started recording mine and suddenly it became a full afternoon of recording all the kids being crazy. Laughter ensued. While I cut most of that out to stay close to one minute, the family is all present. Enjoy our voices and we’ll be back to normal on Wednesday with our November plan update!
(music from Bensound.com)
Lately, I’ve had a total breakthrough in achieving my goals. It has been a breakthrough for me to come to the realization (and admit) that I’m an “a lot at one time” kind of person and get stressed out about committing to do something every day. Granted, it’s only been a few weeks since I changed my tactics on my goals to reflect this realization, but so far things are going well. This all goes back to the most important thing you can do for yourself and your finances: know thyself. There are hundreds, probably thousands of personal finance blogs available, and it’s fabulous for your finances to surround yourself with good influences that preach the messages of avoiding debt, saving more, and finding financial freedom and independence. But the reason why there are so many is because there is no one-size-fits all approach to finances.
Do you want to know the absolute best way for you to get out of debt and save more money? The answer: The one you will actually do.
Based on an original series by Think, Save, Retire and continued by Our Next Life (the blog), I’m completing the “Our Next Life” series for Northern Expenditure. This means discussing the transition, the quitting, and the goals and plans for life after “work.” This is an interesting subject for me to tackle because instead of having super definitive plans, we’re sort of all over the place. But here’s where we’re at today:
At the beginning of the month, Think Save Retire issued a challenge to go beyond the “About Page” and give more detail about ourselves and our blog. I enjoyed the challenge as well as the participation of others, so we’ve decided to jump in to the party as well. So, here are a few juicy details about the Banks Family and Northern Expenditure.
Luckily, I made my biggest money mistake when I was quite young. I was 8 or 9. As we did every year, we headed to Tillamook for our annual family reunion.
I spent a great deal of time at my great aunt’s house and she had an amazing doll collection. I wanted to be just like her in a lot of ways, but I had no fancy dolls. I had an American Girl Doll (Molly, if you were wondering), but nothing shelf-worthy like my great aunt.