Beating Broke

I Quit!

October 5, 2010 By Shane Ede 1 Comment

It would be so very easy to say those words. When our finances crumble a little or crash completely, just say “I quit”! Two simple little words. But, they have a whole set of repercussions.

I can’t count the number of times in the last several years, when the weight and toil of digging ourselves out of this well of debt that we dropped ourselves into, where I wouldn’t have liked to have just said “I quit.” But I haven’t yet.

Part of the reason why I haven’t is the social stigma that is associated with the result of saying “I quit”. Bankruptcy. Granted, the social stigma has decreased a lot in the last couple of years, but it’s still there. Another thing that keeps me from quitting is the challenge of getting out of the mess on my own. I like the challenge. The side effect with that, is that what happens when the I begin winning that challenge? A new challenge arises and I lose ground on the last challenge.

Which is why it would be so much easier to say “I quit.”

I find it difficult to remain focused. And, admittedly, I’ve lost the focus a time or two. Not only in finances but in other things as well. But, if you lose your focus, you’ve got to gain it back. And hopefully, it won’t come back because the loss of focus cost you something, but merely because you felt it go.

Stick with it!

How You Know Coins are Worthless

October 1, 2010 By Shane Ede 8 Comments

Penny Floor: Hotel Congress In today’s economy, with today’s prices, coins have become nearly worthless. We all know that the penny costs more to manufacture than it is “worth”. When was the last time you paid for anything with a few pennies? Or with a few nickels? Heck, even paying for anything with a few quarters is becoming a bit harder to do.

So, how do you know when coins are worthless? (besides their worth being less than metallic value) People start using them regularly (and even commercially) for purposes other than as currency. Like, I dunno, maybe using coins as an alternative to tile. Someone has used Nickels to tile their bathroom floor. There’s several instances of Pennies being used as tile. A bathroom tiled with pennies. And an entire restaurant floor.

Kinda looks cool, actually. I can’t find a figure on the pennies, but according to the post, the nickel floor has 195 nickels per square foot. Or, about 9.75 a square foot for flooring. Kind of expensive for flooring, really. You can get cheap ceramic tile for less than $3 a square foot. If I had to guess, I’d bet that the pennies are comparable to that price though. Maybe you could even design a mosaic of some sort. Lincoln’s bust in pennies surrounded by nickels for a background, perhaps.

What’s next? Wallpapering with $1 bills? That might look kinda cool.

Image credit: Penny Floor: Hotel Congress by cobalt123, on Flickr

The Financial Toll of Special Diets

September 29, 2010 By Shane Ede 6 Comments

Special diets (unlike regular old diets like Nutrisystem, Weight Watchers, or even simpler ones like the Slow Carb Diet) are almost always a result of some sort of food intolerance or disease. Lactose intolerance requires that the afflicted person refrain from milk and dairy product that contain lactose. Of course, there are milk and dairy replacements. You can buy soy milk or almond milk, for instance, to replace the commonly used cows milk. The difference is cost.

Another special diet is the gluten free diet. Gluten is one of the building block proteins in grass grains like wheat, rye, and barley (and others). Stop for a second and think about that. Do a mental assessment of your pantry. How much of that stuff has one of those grains in it? Now, add about 20% or so, because much of it that you wouldn’t think has those grains (or their by-products) in it, does. Soy sauce? Wheat. Soup? Wheat flour for thickening. Seasoning mixes? Wheat flour. There are replacements for almost all of those things. And, again, the main difference is cost. (well, some flavor too, but that’s another topic for another day.)

It’s how much?!?

How much of a price difference are we talking? Around here, a gallon of 1% fat cows milk costs about $3.50. On Amazon, right now, you can buy an 18 pack of 8.25 ounce Silk Soy Milks for $20. Let’s compare ounce for ounce. The cows milk costs about $0.028 per ounce. ($3.50/128 ounces) The soy milk? $0.135 per ounce. ($20/148.5 ounces) That’s a difference of over $0.10 an ounce. There’s 128 ounces in a gallon. How many gallons of milk do you and your family use in a given week or month? If you want to talk about gluten replacements, the average price for a loaf of gluten free bread is about $6. I bought wheat bread at the store the other day for $1.29! Pasta is just as bad. A package of gluten free spaghetti is usually about $3-5. The wheat stuff can be found, on sale, for about $0.25-$1.00 for an equivalent size package.

Budget Breaker

It doesn’t take an accountant to add that up and figure out how much of a difference in your finances a special diet can make. Or, how much of a skewing factor it plays in a budget. Suddenly, your budget for food has to be quite a bit higher than it used to be. And, of course, the financial toll is that it sucks up funds that could easily be used for something else should the diet not be necessary.

Planning for the Extra Cost

If you have to eat a special diet, you probably know the added cost that it adds to your budget. But, what about someone just venturing into a special diet? How do you budget for the extra cost? You can either do your research and get a really good idea of what it will cost, or you can just leave yourself a very nice cushion until you know for sure. Researching is probably the more likely choice, I would think. Take a look on Amazon and see what some of the replacement items will cost. Compare to what you normally buy. That should give you a rough guess as to how much your costs will increase for certain items. Using your normal expenditure as a starting point, you can then make an educated guess as to how much you should budget for in the coming months as you begin your special diet.

Eat Fresh

Another way to offset some of the cost is to eat more fresh food. Adding more fruit and vegetables into your diet won’t increase your cost any more than the new special diet food and will likely make you healthier for it.

Photo Credit: wheat by sky_mitch