Hi everyone! Ivan normally does our Money Diaries but because he’s been caught up in so many end-of-year projects, I am stepping in to help load balance a little this month.
Note: Ivan also paid me to write this post with a bag of Chester’s Flamin’ Hot Fries. So, everyone wins!
Can you believe we’re in the month of December? Where did the year go? We’ve been wondering the same thing too! There’s still about three weeks left in the year to go so let’s end it strong!
November 2017 Money Diary Highlights:
Charity Donations & Traveling
Here are some highlights for our latest November 2017 Money Diary…
- In November 2017, we donated our last $250 quarterly sum to charity one month early to take advantage of UNICEF USA’s Giving Tuesday campaign, one that tripled our donation through matching grants.
Most of our “Travel” budget (~$220) went towards a long weekend at Joshua Tree National Park. More on this later…
Although I feel like we’re on track this year, Ivan laments the fact that we “overspent” on our budget this past month. But what he really wants is to see improvement over time in the choices we make. We usually aim to spend only $3,000 every single month and this month we’re slightly over because we decided to take advantage of a donation opportunity.
Although we always aim for perfection every time - sometimes we miss the mark and need to re-adjust.
A Very Joshua Tree Thanksgiving:
No Turkeys, No Shopping - Just Camping
As mentioned in a previous post, Ivan and I don’t celebrate big holidays because it’s stressful, so we try to use the holidays to get away from it all; it gives us a chance to technologically detox and have an opportunity to reflect on what matters the most. Last year, it was Death Valley for Christmas. This year, we went camping at Joshua Tree with a few friends for three days.
By day, we hiked and scrambled over jumbo rocks. By night, we drank beer and ate hotpot in the lamplight and roasted marshmallows under the stars.
And without the noise of our phones (because Joshua Tree has 0% cell service) and the shopping notifications of Black Friday, we actually had an opportunity to sit back and reflect on the major changes and challenges that came our way this year.
We realized that we have so much to be grateful for.
* * *
I felt fantastic and grateful for how we chose to spend Thanksgiving this year. We were especially relaxed because we didn’t need to worry about making any unnecessary purchases at the end of the year.
Because we already knew what we need and when we needed it.
For the past two years, we’ve been focused on long-term planning to leave on our round the world trip. A year ago, we pulled together a list of all the things we would need on our travels. We began setting up automated price alerts (e.g. Honey) and slowly purchasing the must-have items on our list. And we did all of this long before Black Friday; in fact, we saw lower prices than what Black Friday “deals” actually offered us.
Here are example of deals I took advantage of before Black Friday AND they were at the price point I wanted:
- On October 30th, I purchased the 40L Fairview Osprey Backpack for $112.99: Normally it’s priced at $160 but I saved so much money! Andddd I’ve got my new “home” ready for September 2018!
On November 7th, I purchased the Marmot Women’s PreCip [Rain] Jacket for $60: Currently still priced at $100.
This experience over the last year actually taught us a fairly valuable lesson: when you think and plan long-term, you significantly minimize the risk of overspending because you know what you want and at what price point it’ll take to get the deal done.
This idea around long-term thinking and planning is how we approach everything in our lives:
Have a long term view. The longer your planning horizon, the less rushed and stressed out you’ll feel. Over time, this means more conscious choices and less impulsive decision-making.
Have more patience. Everyone deserves to get what they want but you’ll only get it on your terms if you can be a little more patient.
Make a choice to only focus / get / have things you truly need. Don’t buy into the hype and let external circumstances influence what you truly need or want.