Must be funny...in a rich man's world! Wha-ooo--oo-oo-oo--oo! All the things I could do... If I had a lot of money....it's a rich man's world! (Thanks to ABBA for that rousing blog beginning!)
Yep, I've been thinking about money...for a really l o n g time today.
This afternoon, I braved the typhoon (which, by the way, is still bad enough to call off Monday school--yippeee for me--not so much for those affected by flooding, landslides, etc.) to head to school for my
Financial Peace University (FPU) class. You may have heard of Dave Ramsey's program. If not, check out his
website. He's a dynamic speaker, Christian, and sold-out to helping people overcome financial woes.
I'll be honest with you. I really hate thinking about money. Sure, I like to have money, and I've actually done some wise things with money (retirement investing, mutual fund, etc.) However, through this class, I've learned that I'm a bit of a "Free Spirit" when it comes to financial issues, and more recently, I've realized that I've been blaming a lot of my "financial suffering" on the fact that I'm still single and have to do everything for myself--and it's just not fair!! Well, I think it's time I got off the pity-party train and began to concentrate on making the money God has given me actually WORK for good. I agree with Dave Ramsey---money is amoral--it's not good or bad. However, if there is anything that makes my stomach churn, it's thinking about figuring out a budget or trying to understand investments, debt reduction, etc. I really, really hate "thinking" about money.

So, instead of seeing finances as the enemy, I'm going to try to turn the other cheek and seek a friendly and loving long-term relationship with the stuff.
Anyway, I'm a mess, but I think there's some hope for me yet...I'm pretty sure there's hope...let's just say that there had better be hope! This week, we're working on creating a budget and using the envelope system for cash spending. Living in Taiwan has got some advantages in this area. I've been using cash for the past year in Taiwan, because it's a very cash-based society. However, the budget part has got my brain freaking-out, and I've only just started. I've worked with a sort-of budget in years gone by, but I'm really serious about it this time. My main brain-freeze has been with the challenge of working in two different currencies. Right now, a portion of my pay is sent to the US and a portion stays here in Taiwan. I've been trying to decide the currency I should use for my budget...I think I've decided to convert everything to NT, but I'm still a little worried that I won't be accurate. It's also a challenge to know how much money should be sent to the US, and how much I'm going to need in Taiwan. Since I only have a few days each month to make this decision, I'm feeling some pressure and frustration because I have no clear idea on what to do!!! Perhaps my budget will give a little more direction. (Did I mention that I really hate thinking about money?!)
In FPU, I'm learning to
"live like no one else, so that later I can LIVE like no one else!" I'm trying to make wise choices, but I've realized that I'm kind of fragile. Case in point, my camera broke a few weeks ago. I had been saving money through a tutoring job to purchase a scooter, and with the death of the camera, I also decided to buy a replacement. I have enough for both---IF I find a used scooter and a modestly-priced camera. So, my plan was to ask for some help from people at school. My language deficiency is a MAJOR frustration for things like this, so I've become really dependent upon the wisdom of others. Unfortunately, we're not always thinking with the same goal in mind. I've been told numerous times that I should be purchasing a new scooter because used scooters are not reliable. Since I don't have the money, this is not an option. I definitely want used---it's the FPU way! (and I've never owned a new vehicle...I'm okay with that!) As for the camera, I mention a price range to friends, and immediately I'm told that it's way too low--I won't be able to get anything decent ... and if I buy a camera, I need to invest in something good. (Even though I know that I can get something basic that works for me within this price-range, I got the feeling that the friends weren't so eager to help anymore.) I have to admit that I gave up...I didn't go shopping...I didn't hand over any money...I just decided to wait until I could find something that fit my budget. I also decided that it would be best to shop with someone who understands the FPU philosophy...so, I think I'll head to the market some other day:)
So, this money stuff isn't so easy. I've been turning down all sorts of "fun" because I really want to pay off debt and save. I'm thankful to the US government and their Tax Rebate....that got my FPU "Emergency Fund" covered in record time! I'm sure the economy won't be stimulated by the money sitting in a bank, but I figure I've done my share of stimulating the economy...and I'm still paying for it!
Anyway, I'll keep you posted on the process. Dave Ramsey says that "handling finances is 20% knowledge and 80% motivation." I'm hoping that's true, because my knowledge of finances is pretty weak. I'm also praying Psalm 20:4-- "May he give you the desire of your heart and make all your plans succeed."
So, thanks for your prayers.
(Oh, and this blog entry is dedicated to my Dad...are you smiling yet?! Love you!)