Disneysteve's Common Cents Blog

A few months ago, I went throught the speaker-training program for one of the pharmaceutical companies and did do one speaking program for them. I was hoping it would become a regular thing, but so far it hadn't.

But today, the rep from that company was in and said she'd like to have me do a program sometime in June. That would be great. I told her I was wondering what had happened as I'd like to do them more regularly, maybe every couple of months if possible.

I enjoy doing it and the money always comes in handy. I think the current rate for speakers is $625 per program. So at least I know I've got one coming up.

I just got back from shopping for a couple of new suits. I went to Men's Wearhouse, which is where I bought my current tuxedo a couple of years ago. I knew they had decent prices and excellent customer service. And I was not disappointed. In fact, my wife came along and she was jealous of how easy the process was compared to shopping for women's clothing.

We walked in the door and a salesman came over. I told him I needed a suit and he pulled out a tape measure and checked my size right there. He walked us over to the racks, asked what color I had in mind and picked out a jacket for me to put on. I didn't care for the design (3 button) so he took it back and gave me a 2 button one which we liked. Plus, the 2 button one came with 2 pairs of pants, making it more versatile and it was cheaper than the 3 button suit.

Then he explained the current 2-for sale and what I'd save if I needed anything else. I did want a 2nd suit, so he picked one out that I probably wouldn't have looked at on my own, but it was very nice and looked very good on me, so I got that as my 2nd item.

We walked to the fitting area and the tailor came out and marked each piece for altering. Then we paid and were on our way. The whole process took barely 45 minutes. Oh, and I also brought in a pair of suit pants that needed the hem resewn and they did that for me while we were shopping.

The total damage for 2 suits with 3 pairs of pants and alterations on those items and the pants I brought in was $633. They do have a rewards program and I had a few hundred points from buying the tux. With today's purchase, I earned a $50 gift card which I'll get in a couple of weeks and I'm within a few dollars of earning another $50 card. So when I get the first $50 card, I'll go back and pick up a couple of shirts and make sure I spend enough to get me the other $50 card.

There are places I could have gone where the suits would have been cheaper and still acceptable quality, but the service wouldn't have been nearly as good. I'm not often willing to pay for service. I'm more of a "leave me alone and let me shop" kind of shopper. But once every 10 years when I need a new suit, I appreciate the extra attention that a place like Men's Wearhouse offers.

Today is Earth Day. Today is also the 10th anniversary of the opening of Disney's Animal Kingdom park in Florida. That means 10 years ago today, my wife and I were enjoying a wonderful day exploring the wonders of the new park as we were there for the grand opening. In fact, our first visit to the park actually happened a few days before they opened to the public when we attended the preview for annual passholders.

Does any of this have anything to do with finance? Kind of, in a philosophical sort of way. Something that we discovered very quickly upon entering Animal Kingdom (AK) was that it was different from other Disney parks. The focus wasn't on glitz and fantasy and manufactured experiences. The focus, instead, was on reveling in the wonders of nature. What did that mean? It meant that the best way to enjoy the park wasn't to get through the gate and rush to the most popular attraction to get at the front of the line. And then rush from there to the next attraction. The park WAS the attraction.

We spent 2 full days opening to closing exploring every path, every display, every shop, all the decor and carvings and artwork. It was a wonderful experience.

How does that apply to money and finance? I think the "stop and smell the roses" theory applies. Your financial goal might be paying for college or buying a house or retiring or all of those, but you still need to take time along the way to enjoy the journey. You can't work toward retirement with blinders on, never stopping to enjoy all that surrounds you.

I spoke to many, many people who were disappointed by Animal Kingdom. Their main complaints were that there wasn't enough to do, not enough rides and shows. They were bored after a couple of hours. In speaking with them, invariably they took the guide map and raced from attraction to attraction and did little else. When I told them about all the great stuff we saw and showed them the hundreds of pictures I had taken, they didn't recognize much of what I spoke of because they hadn't taken the time to do those things. They zipped right past them.

I think that's how many people live their lives. They focus on the big stuff and forget to take time to enjoy the details. Sure, retirement is important. Sure, that multi-thousand-dollar vacation was fun. But it is often the little things that make life worth living. I have a little sign on my desk at home that says, "Enjoy the little things because one day you may look back and realize they were the big things." Animal Kingdom was a "little things" experience, admittedly located within a "big things" destination.

Far too many people to this day fail to appreciate that park in the way it was designed. As a result, Disney has been forced to add thrills to keep people coming. In fact, since adding the Expedition Everest roller coaster, AK has become the attendance leader among the four parks in Florida. I have to admit that we love that ride, but we are saddened by what the park has become and how the original message has been lost in the process.

We also have a poster hanging in our family room with quotes from Adair Lara's book, "Slowing down in a speeded up world" which also applies to this topic. She talks about making time to enjoy the simple pleasures in life, things that don't cost a penny but really can make a difference in how you feel and your outlook. It is all lessons that more of us need to follow, myself included a lot of times.

Our daughter is 12. Every night at bedtime, for years, we have each taken a turn saying what was special that day, the point being that even in our mundane, repetitive schedules, there is always something that made that day unique and memorable. So pay more attention to that stuff and enjoy the journey of life.

For quite a while, especially when my wife wasn't working at all for several months last year, our cash flow was kind of tight. We were still doing all of our standard saving and investing, but there wasn't much of anything left over each month, a situation I wasn't really used to.

Since she went back to work part-time, and 50% of her gross goes to her 401k, her actual take home pay is minimal, but it is enough to give a cushion to the cash flow. I guess partly as a result of that and also from watching our spending a little better, we're finally building up some surplus in the budget again.

I keep thinking I'm forgetting something, like some bill or expense that is coming that I haven't accounted for, but I really don't think that's the case. In fact, as I posted earlier, I paid our auto insurance bill in full recently instead of paying it over a few months like I had been doing. Plus, I put our entire tax refund into our Roths and plan to do the same with the tax stimulus payment next month. Also, the final payment for my daughter's braces is due in May. After that, we'll have an extra $150/month to work with.

We do have our daughter's Bat Mitzvah coming up in September, but we already have money set aside for those costs.

I guess the bottom line will be that we'll be able to have our Roths maxed for the year by the end of May, a month ahead of schedule. Then, I'll work on making extra payments to our home equity loan. I'd like to get that repaid by the end of 2009. That will free up another $218.01/month. Of course, by then, we'll probably need that money to fill our tanks and our pantry if prices keep climbing like they've been lately.

Planned obsolescence is when a product is manufactured to have a short life span, forcing customers to replace the item on a regular basis.

I think that describes cell phones perfectly.

I've had my cell phone for a couple of years. It is in excellent shape, works perfectly well and has the 2 main features I demand of a cell phone, the ability to make and receive calls. Despite all of that, I will be replacing it in the immediate future. Why? Planned obsolescence.

When I first got the phone, I needed to charge the battery every 2 weeks or so. Then it started being every 10-12 days. Then 8-10. Now, a charge only lasts 5-7 days, even less if I actually use the phone. I'm tired of listening to that annoying low battery tone beeping through my conversation.

I could just replace the battery. I did a little searching online and found a replacement for as little as $13.99 plus postage. Perhaps, I could find one in a local store and avoid the postage. However, I can get a brand new phone for FREE (after rebate). So why would I spend $14 or more to get a new battery for the phone I've got? I really wish a new phone wasn't the best option, but there's no way around it. My cousin, also on our family plan, had to do the same thing a couple of months ago. I have to wonder how many thousands of phones end up in landfills each year for this very reason.

My daughter will be celebrating her Bat Mitzvah in September. Both for creativity reasons and to save money we are making our own invitations, place cards, sign-in board and centerpieces. Since we're using a bunch of craft supplies in the process, we've been making a point of using the weekly AC Moore and Michael's coupons for the discounts.

Today, we first went to 2 different scrapbook supply stores. We need cardstock to back/trim the invitations. We also wanted to get a corner punch to embellish the corners of the invitations rather than just having plain square corners. We got some good ideas but didn't actually purchase anything.

Then we went to AC Moore and Michael's (they are across the street from each other). As AC Moore, we used a 50% off coupon to get a 24x36 inch canvas to use as the sign-in board. At Michael's, we got adhesive we need for the centerpieces and used a 40% off coupon to get oil pastels, also for the centerpieces.

We saved $12.00 plus tax with the coupons. I figure by going every week, we'll probably end up saving a couple hundred dollars by the time we're done.

I just made my latest Roth contribution, $640 to my wife's account for 2008. That brings us up to $5,800 total so we're past the halfway point of the $10,000 max.

For some reason, when we got back from a morning event at our temple, I decided to tackle the pack of phyllo dough that's been sitting in the fridge since I bought it a couple of weeks ago.

I thawed a pack of frozen spinach and mixed it with a container of feta cheese and made a batch of spinach and feta puffs.

Then, I asked DD what she might like because she doesn't care for those. She said she would like mushroom and green pepper ones. So I chopped up some baby bellas and green pepper, added some blended pizza cheese and some garlic and oregano and did a batch of those.

Finally, I had told DD a while ago that I'd make dessert phyllos some time. So DW chopped up an apple and I mixed in brown sugar, flour, oatmeal and butter, seasoned with cinnamon and nutmeg, and made a batch of those.

They're all chilling in the freezer now. We'll make dinner in a little while - cook up some pasta and have the spinach and mushroom puffs on the side and the apple ones for dessert. The rest will stay in the freezer for quick snacks, sides and lunches for a while.

Thanks to recent market performance and relatively low spending lately, our balance sheet is looking a lot better than it did a few weeks ago. We're still down for the year, but only by about $5,500. A few weeks ago, we were down close to $20,000. We've also paid down $2,300 in debt so our net worth is only off about $3,200 YTD. I'm certainly not used to seeing it in negative territory, but at least it is a lot less negative than it was not too long ago. Those numbers also don't include the paycheck I got today because it hasn't been deposited yet. That'll make us close to even for the year.

March was kind of slow for medical surveys. I took in $300 for the month which is quite a bit below what I had been averaging. Part of the reason is I only did one of those phone-in surveys that I get the Amazon gift certificates for. I've just been really busy in the office and haven't had time to do them. Maybe April will be better.

As I posted earlier, we ended up getting a tax refund this year when I fully expected to owe a couple thousand dollars. The state refund came in this week. We owe about $900 to federal which will come out on 4/15. The net gain is $1,230.00 so I just transferred that amount to my Roth account. I figure it is $1,230 I didn't expect to have so I'd put it all into savings and help get the Roths maxed out sooner. Now I only need another $1,840 to max mine and $3,000 for my wife's.

We hardly ever have people over anymore. I realized today that one reason for that is the cost. We were hosting a meeting of the planning committee for a retreat we do every fall. All together, there were only 7 people but we spent nearly $50 buying food and goodies to put out a nice spread. Of course, not everything got eaten and we kept all the leftovers, so the true cost wasn't that high, but still, the money got spent on stuff that we wouldn't have been buying otherwise.

Having a bigger party for a couple dozen people can easily run into hundreds by the time you add in paper goods and plasticware and everything.

I'm glad we did it and we had a very productive meeting, but it was still kind of pricey.

This time to my wife's (I alternate between our accounts). Her account is in a bond fund and is one of the few bright spots in our portfolio this year, up over 7%.

Based on my usual investment breakdown, I was actually only due to put $575 in this week. Due to knowing that we don't owe anything for taxes and will be getting $1,200 back, I upped the contribution. I picked $855 because that makes the YTD total an even $2,000.

Between the 2 accounts, I've now put in $3,930 of the $10,000 limit. Next check, or possibly sooner, I'll probably put $1,070 into my Roth to bring it to an even $3,000 YTD for the account and $5,000 overall.

The numbers I posted yesterday were wrong. I had only quickly glanced at the forms from the accountant. I took them out this morning to review them and sign them and saw my error.

We are getting a state refund but we owe on the federal. We're still netting a refund but it is for $1,230, not $3,036.

That's not quite as bad, though it is still $100/month that we've overpaid.

I posted this on the forums but it belongs here, too. We have owed taxes in each of the past few years. That's fine with us as we don't believe in loaning money to the IRS all year. Due to some large capital gains and some extra side income in 2007, I fully expected to owe again. I was expecting to owe in the neighborhood of $2,000 and had set aside money for that purpose.

We went to the accountant on Thursday and got everything back today. Between state and federal, we are getting a refund of $3,036! I'm not sure how - my accountant isn't in today. I'll call him on Monday to see what happened and adjust so it doesn't happen again next year.

So I'm not glad that we overpaid our taxes by that much, but I can't complain about an unexpected $3,000 windfall.

I see so many posts about no-spend days, and I think it is great if you are reforming your shopping and spending habits. It just never occurred to me to post about my own NS days because most days are NS days. I work Monday-Friday and rarely spend money during the week. Yes, I pay household bills and things that I can't avoid, but actually going out somewhere and spending money rarely happens M-F.

I pack my lunch for work, so no spending there. My office is only 8 miles from home so I only get gas about once every 3 weeks unless we use my car a lot on the weekend. I rarely go anywhere in the evening after work - just go home.

My spending days are Saturday and Sunday. That's when we go out, eat out, do our food shopping and other shopping, take day trips, etc. So I probably average 15 no-spend days per month.

Every 2 weeks, I send money to the Roths, alternating between mine and my wife's. This week was my turn. I just sent $680 to my account. That makes $3,075 total for the year out of $10,000, so only $6,925 to go.

My daughter will have her Bat Mitzvah in late September. For those not familiar with Judaism, that is a service/ceremony when a Jewish boy (Bar) or girl (Bat) reads from the Torah, the Jewish bible. It symbolizes them becoming adults in the eyes of the Jewish community.

Anyway, along with the service, there is typically a celebration party. Both to be creative and to keep costs down, we are doing a lot of the work ourselves. I've designed the invitations and place cards. We will be making the centerpieces. And we will be making some of the favors.

Today, we went in search of something to use as the base for the centerpiece. I had seen a metal planter at A.C. Moore recently that I liked, but it was $6.99 and I was hoping to find something a bit cheaper. We checked Michael's and found nothing. Then we went to the new Container Store and found something novel for $4.99. We bought one so we can play with it and make a mock-up centerpiece to see how we like it. I just searched online and I can get the same item for under $3.00 each from a few different vendors, so if we like the idea, I'll order them online and save a couple of bucks on each.

For favors, we want to do a chocolate mold related to our theme. My wife searched at Amazon and found just what we are looking for, so I just ordered a couple of those along with a few other things I needed from Amazon. I have nearly $400 in gift certificates with Amazon from doing surveys, so that helps limit the out of pocket costs.

In case you wonder why I'm being kind of vague on details, I want everything to be a surprise and you never know who might be reading your blog, so no specifics.

All of these little costs will keep adding up to a not-so-little total by the time we're done, but we're doing our best to find the cheapest way of doing things.

I'm sure most everyone has a "junk" drawer in their house, typically in the kitchen I would guess. We somehow have managed to develop 3 junk drawers in our kitchen. I decided to tackle cleaning a couple of them today. The first one wasn't too bad. A few assorted items that really didn't belong in the kitchen. Way too many pens. A bunch of new pencils that didn't even have points yet. Some expired coupons. You know - junk.

Then I moved on to the 2nd drawer. I was running short on time by then so chose not to dump it and start fresh. Instead, I just kind of dug around in there to see what I could find that didn't belong. The main thing I found was twist-ties, twist-ties and more twist-ties. Dozens and dozens of them. Different sizes. Different colors. Both new and previously used.

We buy trash bags that come with twist ties, but we never use them. We tie off the ends of the bags to close them instead. So the pack of ties goes in the drawer. Well, after a few years of this, you end up with a drawer overflowing with twist-ties apparently.

Twist-ties also come from bread packages, toy packages and assorted other places. Being the thrifty type, I don't throw away the used ones. I straighten them out and stick them in the drawer. Boy, I won't ever do that again. It was tough, but I made myself throw out all the old, used, twisted ones and just saved the new, flat, clean ones (and I saved way more of those than we would possibly need).

Who knows what lurks in drawer #3? That's a project for another day.

February was slightly light on the survey income. Thanks to flu season, the office has been very busy and I didn't have time to do some of the call-in surveys that I do. I did all of the online ones, though, except for those that I didn't qualify for. There were a couple this month on topics that I really no nothing about so I couldn't do those or qualify for them.

Anyway, my total for February was $475 which is still just fine by me. I'm certainly not complaining. I'd be very happy to average that amount monthly.

Yes, I'm serious. Since we had the whole thread about picking up pennies, I think this fits right in. We went to the pet store to buy some stuff for our hermit crab. One item was a new shell. The shelf tag indicated that the shells were $2.49. But the individual bags with the shells were marked $2.79. I'm sure a lot of people wouldn't have even noticed the discrepancy, but we did. I took the item over to an employee and explained the problem. She walked over to the display and confirmed what I was saying. Then she found the manager who met me at the register and did a price adjustment.

A lot of people (though maybe not those around here) might think we went to a lot of trouble to save 30 cents (plus tax), but I think mindset is the key to financial success. Frugality is a state of mind as much as it is a lifestyle.

I use an accountant to do my taxes. I know some of you feel that's a waste, but it is something that I just don't feel comfortable tackling on my own. Our return is reasonably complex. Also, I do get a significantly discounted rate because my cousin is my accountant and my father and his father started the firm that he and his brother now run.

Anyway, I have an appointment with him for March 13th so I'm kind of in financial limbo right now. I've been letting some surplus money accumulate in the checking account because I know we will owe money but I don't know how much.

Last year, we got a $1,500 state refund but owed $3,000 to federal, so a net payment of $1,500. As usual, our situation changed during the year. My wife left her job in February and didn't work again until June or July when she took a part-time position. So our income was down about $15,000 for 2007 compared to 2006. My self-employment income (surveys and ebay) was up for 2007 as were some investment returns. So I'm waiting to see how it all plays out and what we end up owing.

I've started our 2008 Roth contributions, but until I know how much cash I need to come up with for taxes, I don't want to tie up too much in the Roth. As soon as taxes are settled, I can really start attacking the Roths. I like to have them fully funded by June 30th.

I've heard a lot of ebay-bashing lately on a couple of different forums due to the fee changes and feedback changes. People are saying they will stop selling on ebay and switch to Craigslist or have a yard sale or just give the stuff away and take a tax deduction.

I've been selling on ebay since 1997 so I've seen lots of changes over the years, but I still think they've got the best deal in town.

I had taken a break from ebay for a while, but started selling again at the end of December. Since then, I've listed 25 items. 22 have sold, so an 88% success rate. Last week, I was 5 for 5 with all items selling.

I listed another 5 items last nite. I had 1 watcher within 15 minutes. By this morning, I had 1 item with a bid and a total of 7 watchers on 4 of 5 items. By this afternoon, I had 3 bids on 2 items and still had 7 watchers. So odds are good that at least 4 items will sell this week.

I don't know of any other venue where I can get that kind of exposure and that type of response to selling my stuff. Yes, fees have gradually increased and it isn't as lucrative as it once was, but it still beats everything else out there.

As per my last post, my wife and I returned to my college this weekend to attend the dedication of the theater lobby in memory of my former theater professor and director.

A large contingent of my college theater friends were able to attend, about 16 of us all together. It was really wonderful to see everyone and spend some time together catching up on each other's lives. It has been way too long since we got together.

After the show last night, one couple set a date for a party at their house on July 5th, so we are all looking forward to that and more time to spend together with old friends. Keep in mind that we graduated college between 1984 and 1987 so we all go back quite a few years at this point.

Financially, the weekend wasn't too bad. The hotel last night was $105 and included breakfast this morning (7 of us met for breakfast since we were all staying in the same hotel). DW and I spent about $15 for lunch yesterday afternoon. We all went out last night after the show. That was another $20. Add in gas and tolls for about another $20. So I guess the whole weekend ran us about $160 and it was worth every penny to see everyone.

Ok, not a class reunion, but a friends reunion, which is far better. In college, I was active in the theater department. Almost all of my college friends are fellow theater people. For many years after college, we continued to get together socially a few times each year. In recent years, though, with jobs and kids, it hasn't happened. I haven't seen most of these people for a few years.

Anyway, tomorrow evening the school is dedicating the theater lobby in memory of our former director (who we all worked under). They are having a reception and ceremony, followed by a show. Almost the whole group of my friends will be there. I'm really looking forward to seeing everyone.

I just sent $570 to my wife's Roth. I send a certain amount of each paycheck to our Roths, alternating between mine and hers with each check. I like to have the Roths fully funded by June 30th each year. Actually, at the rate I'm going, I won't hit that, but I can already see some surplus building in our account so I'll probably make an extra contribution within the next couple of weeks to keep on track for that deadline.

My latest auctions ended last night and 5 of 5 sold for a total of $39.97. Not too shabby and that's 5 more things not taking up space in our home. That makes 22 sales so far since I started selling again at the end of December. Total sales have been $171.85. And, more importantly, 22 items are gone from the house.

I actually didn't list anything last night. We had been up since 3am to get my daughter to her ski trip and then we were in Atlantic City all day. I was exhausted and was in bed just after 9:00 which left no time for ebay stuff. I'll prepare auctions during the week and list again next Sunday.

I realized it has been a week since my last post. Not a whole lot has happened financially, though earlier tonight I transferred $1,000 from the money market in one of my Vanguard IRA accounts to purchase more shares of the international fund. I've been gradually doing that and had forgotten the past couple of months. I want to build up my international exposure which is much too low currently.

DW and I are going to Atlantic City tomorrow. DD is going on the youth group ski trip - her first time. She'll be snowboarding, not skiing. Hopefully, she'll let the instructor work with her and take instruction well (not always her best attribute). I'm looking forward to the day as I haven't been to the casino since the day after Thanksgiving. We're also meeting friends for lunch while we're there. They spend most weekends down there.

Our portfolio has recovered a bit from it's low point a couple of weeks ago. I'm hoping that the market will stabilize, though I'm still taking advantage of buying opportunities so staying flat isn't such a bad thing.

I'm still doing my doctor surveys - just did one tonight for $100 and got a check for $30 on Thursday from one I did last month.

Haven't done my taxes yet. I've pretty much got all the paperwork together. I just need to tally up my ebay sales for the year. Then I'll give my accountant/cousin a call to make an appointment.

Speaking of ebay, I have continued to list 5 items/week except for the week before and week of the Superbowl. Of my current auctions, 3 have bids and 1 other has 4 watchers so will probably sell. Only one looks like it may go unsold as it has no bids or watchers. They all end tomorrow evening.

I guess that's all for now.

I do most banking online, but for some reason, I have continued making our Roth contributions to Vanguard by mailing in checks with the little deposit slip things that you tear off the bottom of the statement.

It finally occurred to me that I could probably do it online. So I just logged in to my Vanguard account and, sure enough, I was able to make a purchase toward my 2008 Roth by a simple electronic transfer from my bank.

I usually add to our Roths every 2 weeks after depositing my paycheck. Last year, it took 8 deposits to fully fund both accounts. Since the max is higher this year, I figure it will take 10-12 deposits so I will have that many fewer checks to write and mail. Very simple and safer too.

Quick recap - I'm a physician and get frequent invites to do online, telephone or in-person surveys.

For January 2008, I collected $670 in survey income. So I will certainly keep plugging along and doing these surveys. I earned about $5,400 in 2007 this way. At the rate I'm going, 2008 will hopefully be even better.