Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”
22 – January 22
“Just about the time you think you can make both ends meet, somebody moves the ends.”—Pansy Penner
Irregular expenses are often budget-busters. This is because they aren’t a part of our regular, monthly expenses, and we tend to forget them. Then suddenly, like a harbinger of doom, there they are looming over your checkbook, cackling with glee that they’ve given you this nasty surprise. Your car breaks down and the repair bill is five hundred dollars. The water heater goes out, or the computer suddenly develops amnesia. The once-a-year insurance premium is due and you had forgotten all about it. It’s time for your yearly vacation, but you didn’t put money aside to take that cruise you want.
The solution is to make a list of all your irregular expenses by month. What is due in January that isn’t due any other month? Insurance premiums, taxes, vacation expenses, and club membership dues are not regular monthly expenses and should go on this list. Don’t forget to include money for repairs and maintenance on your automobiles, computer upgrades, Christmas presents, etc. Make a list for each month of the year, then total the amount of money for the entire year. Divide this number by twelve and you will have the average amount of money you spend on irregular expenses. Put this figure as a line item on your budget…
(continued on page 22 of The Wealthy Spirit)
Today’s Affirmation: “I have positive cash flow right here, right now, and always!”
It’s wonderful to see the economy bouncing back, thank goodness! The stock market is zooming upward, and the talking heads on TV are once again expressing some optimism. Whew! Thanks to Gloria Gaynor for getting us through singing choruses of “I Will Survive!”
But prosperity has its down side, too – many of the lovely deals and discounts that were once available aren’t available any more. Here’s a couple that I have noticed personally:
First, there was a report in the Los Angeles Times about how only half of the restaurants that were offering steep discounts for the last couple of years are doing so now. I had already seen that my favorite Cheesecake Factory wasn’t giving free coupons for cheesecake with purchase of an entrée any longer. Oh, well, that’s probably better for my waistline…
Last year, I ran into a big snag in booking my January Las Vegas getaway with my poker gal pals. For years, I had received promotions from the Venetian Hotel in Las Vegas for 3-4 nights free, plus $50-100 dining credits, plus $250-400 in free slot play. A gold card member, I really loved my deals! But when I called to make a reservation, my casino host told me that there were no promotions and he’d have to see what came through later. The best he could do was one night at $179 and two nights free. No dining credit. No free slot play.
Ouch! I checked with the Harrah’s chain to see if they were any different, and found the same pull-back in discounts. My offer package in November showed free rooms for all the hotels available all week, except for Caesar’s Palace which had discounted rates from $47-127 most nights. But the latest update I received showed no free rooms for Caesars, Planet Hollywood, or Paris, and only a few free nights for their other hotels (the Rio, Bally’s, Flamingo, Harrah’s, and Imperial Palace.
So we stayed at the Venetian and had a fabulous time, even though it cost a bit more than usual.
My guess is the pull-back in coupons and comps didn’t work. It was only about 6 months into 2011 when I started receiving all kinds of free offers for rooms and dinners and bonuses again. My guess would be that everyone rushed back to enjoy their perks! I’ll bet the casino’s income went up as a result of that…
Lesson? Sometimes if you give too much you get taken for granted, so perhaps it’s a good idea to withhold for a bit and make people realize what a great deal they were getting. Like sometimes don’t show up to your usual networking group and give them an opportunity to miss you. Then you’ll really be appreciated when you come back.