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Actions speak louder than words

I'm good at starting things, I suck at staying the course. Diet? After four weeks I'm sinning again. Working out ? The frequency drops fast after a while. Saving money? What's that? That's why today was both scary and necessary for me. I dared to log in to my bank account. It wasn't a pretty sight. But this time I took things one step further. I checked the percentages that I pay for being 'in the red' and compared them to a lot of other companies. I was shocked to see how much money I threw away last year in credit interest.

Personal bank account: 12,72% interest.
Credit account (dutch: doorlopend krediet): 11,9% interest.

Damn.... Talk about a wake-up call. So what I did today was throw everything onto a big pile. And do a lot of comparing. And make a phonecall. Monday I have a chat with another bank that has much better rates. I'm gonna close my current credit account and move the credit to the new bank. Their rate? 8,6%. That's 3,3% less! Yes people, ABN AMRO sucks.

I'm gonna start 2008 with a positive amount of cash on my personal account, which I will try and keep out of the red as much as possible. I'm going to start a financial logbook again like I did when I was a student. I will only have one big credit with that new bank, which I intend to pay off within the next year. If all goes well then May will be the start of a new contract with much better money and benefits. If I can keep myself in check (No new PC, no expensive lease-car, no gamingconsole, no games, almost no eating outdoors, no big parties or concerts) it's certainly doable to be fully debtfree by the end of next year. Feel free to slap me if you hear me talking about buying something I don't really need ;) I'm gonna stop with World of Warcraft coming May (accidentally paid for another half year automatically), gonna cancel my lottery-ticket and by then I've done everything possible to cut down on expenses. Oh yeah, and no more trips to the expensive supermarket (AH), but rather to the low-budget one (Lidl).

Time to get financially and physically fit.

Comments

( 9 comments — Leave a comment )
damanique
Dec. 30th, 2007 01:40 am (UTC)
No games, no eating outdoors, no concerts? Don't keep yourself from having fun, even if getting out of debt is important.

But yeah, you probably know more about balancing a checkbook and monthly income/outcome than I do, so I got no tips for you there. I have a real thing for impulse buying and it's gotten less since I've become aware of it more, but still.

Whether it's about losing weight, staying fit, and staying out of debt, or pretty much anything you want to do, it comes down to awareness and mindfulness. Being aware of what you're doing so you can guide your actions instead of going on the automatic pilot - whether that's grabbing a snack, spending money, or something else.

Either way, I was thinking today after the phone call and I have come up with this great idea. Every time we're at eachother's house, no matter which day or whose house, we should play one hour of DDR against eachother. 'Cause, if we have enough time to hang out, we should have enough time to play DDR, and because we're competing we'll consciously or subconsciously be playing at a higher difficulty than when playing alone! It's brilliant if I do say so myself!

I've been mentally preparing for months now to get back on track starting January 7th. I kept up the weight loss program for four months and lost 10 kilos, and I know I can do it again. This time we can do it together :D
rob_d
Dec. 30th, 2007 01:15 pm (UTC)
Don't worry, I'll never gonna be a total cheap-ass. I'm gonna see Within Temptation in Februari and Nightwish in March, so that's still something to look forward to. And I have a whole slew of PS2 games that I haven't even started with. It's not as bad as it sounds, I just need to balance everything. Go out for dinner? OK, but then no trips to the Free Record Shop this month.

As for weight and working out, sure, every time we're together we can dance the calories away, but in between those times we can set up a little competition between the two of us. So even when we're not together we keep each other updated of our progress.
damanique
Dec. 30th, 2007 09:52 pm (UTC)
Hmmm, how would you set up that competition? Pick a few songs and who gets the highest scores wins? And what's the reward? (I can think of one or two.... XD)
caniche
Dec. 30th, 2007 01:01 pm (UTC)
I am surprised that I can buy a trolley full of shit at the lidl, and pay the same ammount of money I'd pay at Super de Boer for four or five items.

(Anonymous)
Dec. 30th, 2007 01:10 pm (UTC)
And to be honest, the quality of the items at the Lidl is far from shit. Sure, it's different if you're used to the taste of the A-brands, but I feel perfectly fine offering my guests Lidl-coffee or meal. Just stay away from the cheap wines ;)
rob_d
Dec. 30th, 2007 01:11 pm (UTC)
That was me, by the way
caniche
Dec. 30th, 2007 01:15 pm (UTC)
Hahha yeah, by "shit" I didn't mean to talk about the quality of the products, I just meant "stuff". I do think the Lidl sells lots of good stuff, the only reason I go to the other supermarkets is to get vegetarian meaties (like groenteschijven and such --yeah we like that hehe) and Knorr meals in a box. :P

But our every-day shopping it's done at the Lidl. Milk, bread, eggs, meat, cereal, candies, snacks, salads... it's all good! :D (and cans of energy drink that cost about 25 cents LOL... compared to Red Bull which tastes about the same and costs more than a euro per can or something....) Woot Lidl!
jonesybunny
Dec. 30th, 2007 05:41 pm (UTC)
I agree, the Lidl has some surprisingly good stuff. I went to one just the other day with Rick (Rob and my's housemate). Good stuff, I found this awesome 0,9 fat yoghurt drink. :)
jonesybunny
Dec. 30th, 2007 05:42 pm (UTC)
Well, once you get to that physical fitness thing, let me know. I'd happily go along because it is easier to do it with others present.
( 9 comments — Leave a comment )

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