Posted tagged ‘income’

Switching Gears…

June 28, 2009

Today I sat down to answer the age old question: How broke am I? Well, it turns out pretty broke. I have a serious problem: I like spending a lot of money……especially on travel. “Ohh you need someone to go to Paris with you? Sure I’ll go!!!”

My location independent lifestyle affords me the ability to do what I want, when I want. So I do that and I end up spending a lot of money. Not so good. I’ve pretty much spent all that I’ve earned this year, which isn’t good. Next week, I meet with my accountant to figure out how I’m going to pay my taxes and what I am going to owe. I’m also going to figure out how to write off my travels as a business expense…I mean after all, I run travel websites and all.

Realizing that if I don’t save any money soon my trip to Europe is not gonna go as smoothly, I’ve decided to shelve some of my trips around the US while I am. I’m going use the fact I’m staying with my parents to really start saving money. No more freewheeling spending. Sticking to the budget.

I leave for Europe on August 23rd and by then I want to save 5,000 dollars as a rainy day fun. That way in case I have any dip in income, I’ll have some money. It’s also a wake up call that, maybe I should go and spend all my money. I’m at the point in life where I should have a savings. I don’t. Maybe it’s time to do one adult thing….

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