Obsessing Over Finances — When Does it Go Too Far?

3190731

“My wife is undeniably right; I have found a relatively healthy thing (financial independence) to obsess over. I guess it’s better than constantly straightening my fork at Red Robin. Where it probably crosses the line is in the form of my hyper sensitivity to spending, and my overall monitoring of the expenses.”

_____________________________

Let me just being this post by saying that I’m not a Doctor. If you’ve read any of my previous posts on this blog at all that should be almost as abundantly clear as me making statements such as, “I am not a squirrel,” or “I am not a log cabin.”

So when I talk about things such as my OCD, keep in mind that I’ve only self-diagnosed myself (with the constant “help” of my wife), and am really talking out my ass about the subject in general. It should also be stated that, whether I suffer from a mild form of it or not, I am in no way making light of people dealing with this disorder in any form.

I have some quirks that I very rarely notice, but others pick up on. An example would be that if I sit down at a table at a restaraunt, I straighten the silverware and napkins so that everything is perpendicular and/or at a nice right angle.

If I’m sitting in a meeting and I put my sketchbook on the table, I’ll meticulously adjust it until its bottom edge runs as parallel as possible with the edge of the table.

I tend to obsess over details like this, but at the same time I allow pure and utter chaos to enter my life at other times. As I type this I’m staring at my desk which is cluttered with car keys, vitamin bottles, pens, post-it notes, a hard drive, and for some reason and empty Ziploc bag that has been on my desk for weeks. Not sure what was in it, and equally not sure why I haven’t just thrown it away. I’m 93% positive it was not a human toe. I think I threw that bag out ages ago.

Yet when I find that thing that latches onto that obsessive part of my brain, it’s really hard for me to shut it off and let go.

When it comes to this condition manifesting in my job, it’s actually served me pretty well. I have taken an entry level job at one of the most well-known companies in the world and no college degree, and turned it into a role as a senior member of my team with a college degree and 2 additional two-year certifications to boot. All because I love my job and am obsessed with growing as much in it as I can.

When I was studying to become a digital animator, I would literally spend 5 hours a night and another 20 on weekends at my computer after work, honing my skills. Sometimes I’d get home at 7:00pm, and work until 3:00am, only realizing far too late that I was only going to get 4 hours of sleep that night.

So that kind of obsession is mostly good. My wife and kids will sometimes tell you that the hours Dad works can suck, but otherwise it’s provided a great life for us.

When it comes to things like wanting a new gadget, car, or other similar non-essential item, I get obsessed with finding and buying it as soon as I’ve officially made up my mind to get it. There have been times where I have driven 3 hours for an iWatch that I could have easily waited 2 days to get in the mail, paying more in gas and final price, just to have it now. This is a good part of the reason why I am in the financial situation that I am right now.

When it comes to a videogame I love, I’ll spend hours, days and even weeks playing the game and attempting to master it. I would be scared sh*tless to ever add up the number of hours I’ve put into videogames, but I can at least partially justify it since I work in the videogame industry.

So that kind of obsession mostly bad. Or at least that’s what my wife told me I had to say.Read More »

Tuesday Tip Jar: What to do if It’s Getting Ugly!

tipheader-1

Welcome to another “Tuesday Tip Jar” where I will share awesome savings and financial tips as I find them. I might not have something for you every Tuesday, but when I do, you’ll find it here!

If you’ve got a financial tip you think others would benefit from, please send it to me via my contact page at the top of the blog, or leave it in the comments below the post!

______________________________

I’m in New York this week on business travel, so apologies for shorter posts, but at least this is one that could really save your bacon!

Back in January when the poop hit the fan for us we were in a bad way, and when I say that I mean there was real concern that we were going to lose our house. It was a really big fan, and there was a lot of poop hitting all at once!

My uncle in-law happens to be a life-long financial planner, and when we went to him cap-in-hands and pleaded for him to help, one of the things we all quickly agreed on was that we need some short term cash, and we needed it now.

That’s when he suggested reaching out to our banks and asking them to move a payment to the end of our loan.Read More »

I Suck at the Side Hustle and Need Your Help

190703

I’ll keep at it and see if there is something I can find out there, but it’s been 6 months of not having much luck. I’m totally fortunate in that I’m not looking for a primary source of income before they come and shut my lights off, but at the same time it’s killing me as a highly-motivated person to think about the hours I’m wasting that I could be using to dig out that much faster.

___________________________

Obviously there are two pretty straightforward ways to get out of debt:

  1. Pay off your debt.
  2.  Make more money so that you can pay off your debt faster.

In other words, your debt is what it is. It ain’t going away, and so if you’ve got a lot of it like I do, it’s really just a matter of trimming what you can where you can to focus every possible cent onto paying that debt down.

As step #2 also calls out, bringing in extra income helps, as long as you maintain your focus and use that extra income to get out of debt that much quicker. If your boat is filling with water, you can scoop it out much faster with a bucket than with a spoon.

My problem is not the focus part. We are so insanely committed to paying off our debt that I could probably require life-saving brain surgery and still have a tough time deciding if it was worth it over putting that money towards one of our higher interest accounts.

No my problem is getting that extra income. That side hustle. I’m just not good at making that kind of thing happen… or maybe deep down I just don’t want to be good at it.

I work a lot already, so please don’t think that I’m a lazy person. I hold a 40-60 hour a week job for a software company, and I’ve been working for this same company for almost 20 years now. Along with this, I have taught at local universities, and have a semi-regular freelance job as an illustrator for a company I’ve been fortunate enough to work with for the better part of 15 years.

What I do know however is that I’ve still got some extra time. Think like 2-3 hours every night after my wife and kids go to bed, and an extra 10-15 hours on the weekends. I stay up that late anyway, but usually it’s consumed with dumb things like playing videogames or noodling on a guitar.

Monetizing on that 2-3 hours is what’s eluding me right now, and it’s driving me nuts!Read More »

The Ballad of Satellite Television

190701.png

The woman in the Billing department sang a totally different tune. That first lady was singing the sh*t out of “Kumbaya,” and now I was speaking to a woman who was singing me Slipknot tunes. She told me that she couldn’t reverse any of the charges, and that I owed the full amount on the bill. That was it.

_______________________________

I’m a HUGE NFL football and Seattle Seahawks fan. I was born right around the time that the Seahawks were first introduced into the league in the 70s, and I remained a fan all throughout our really tough years right into our super competitive years of late.

See… I’m even doing that “our” and “we” annoying thing where I speak as though I’m actually part of the team I root for.

Being an NFL nerd, I subscribed to a particular satellite service provider for 15 years because they offer NFL Sunday Ticket, which is an exclusive feature of their service that allows me to watch every game on Sunday, and not be restricted by just the games offered in my particular market.

The satellite provider has always been fantastic to me. They’ve always put forth great customer service, and I have honestly had no complaints about their services at all for the past 15 years.

Until I decided to cancel

Back in January when we really put the hammer down on solving our debt crisis, we took a look at every single bill and cut everything that we didn’t absolutely need. One of the first things to go was satellite tv, because even without the pricey NFL Sunday Ticket package, our bill was over $200 a month.

I was still somewhat hopeful that our financial situation would miraculously improve enough to keep satellite, so instead of canceling the service entirely, I took them up on their offer to temporarily suspend the service until July. This meant I did not have a bill at all, and that in July the service would just turn back on and I’d keep watching.

But then something odd happened… I realized I didn’t really mind not having satellite TV.Read More »

How We’re Digging Out of Debt: The Good, The Bad, and The Ugly

As with many things in life, we didn’t make 1 giant mistake with our finances all at once to get ourselves into this mess. We made 100s of small mistakes here and there, and slowly enough that we didn’t really notice what a bad spot we were getting into.

Starting Debt (01.01.19): $126,310.77
Current Debt: $109,299.87
Total Paid Off: $17,010.90
Income Going to Savings: 2%

So I’ve written a lot about how we got to where we are financially, and now I’d like to talk to you a bit about what we’re doing to correct our situation. This is 100% our story, so please be mindful that the approach we took may not be the best approach for you and your situation. I’m hoping to share just so that you can pick up a few tips along the way.

___________________________

I had these co-workers once who thought it would be really funny to take my adjustable desk and rotate it down a quarter of a turn every single day. Each morning before I got in, they would ratchet it down by a small fraction of a turn so that it effectively got just slightly lower every day. The problem was that they did it so slowly, I never noticed. I just slowly adapted with my desk.

The co-workers finally got so frustrated by my lack of response that they came clean and yelled, “WE HAVE BEEN DOING IT EVERY DAY, HOW DID YOU NOT NOTICE?!?!?!”Read More »