Confession Time: I Spent $3K to Extend My Vacation

Life certainly has a way of working itself out lately–as does my budget. Just as I recently posted about why I’ll never regret a dime I spend on vacations, I go ahead and spend a ridonculous amount of money to extend my most recent trip to Kauai, nearly pushing myself into the “Piss, what have I done” vein of disbelief.

But even after filling in all of the (very ugly) numbers in my spreadsheet, I have to admit that I sit here typing this post with a huge shit grin on my face after returning from a pretty epic island-hopping adventure.

Vegas or Bust–$1K in Flight Changes

Originally, I was supposed to be flying to meet my BF in Kauai after he’d been in Vegas for a conference. After working my tail off to find a pretty amazing combination of deals that scored me a cheap R/T flight from Boston, I realized that the dates conflicted with some project and work responsibilities–after I had already booked the non-refundable flight combo on Expedia.

The Vegas Strip

A quick snap of the Vegas Strip

 

Cost to fix my oversight? A cool $1K in flight changes.

At the end of the day, I realized that the work I had to do was worth far more than the initial bite of the flight extravaganza, so I finagled a series of flights that would allow me to be in Boston a few days longer and also visit my BF in Vegas thanks to a 3.5 hour layover. After running through the airport Home Alone-style and grabbing a cab, I met him and his colleague for a quick round of drinks atop the Cosmopolitan hotel, which was a nice way to kick off the vacation.

Kauai Turns into Maui which Turns into Oahu

For the next round of could-have-been-completely-avoided-had-I-planned-better expenses, the adventure began in Kauai, where I originally had planned to spend a three-day long weekend. When I got there, I fell in love with the island, and I was relishing the time with my BF as we hadn’t seen each other much lately due to his crazy work travel schedule. After a few days on island time, I decided to continue the adventure rather than head home (he originally had planned to continue on to Maui to meet up with a friend while I would come back to Boston).

Cost to extend my vacation to include Maui and Oahu? Another ~$600 (I was able to use some of the credit I had from cancelling my initial flight to Kauai which saved me from dropping another $700 or so). But as you can see from my pictures here, it can be hard to leave paradise when you’re there and know you have an option to stay longer:

Beaches of Kauai

Walking along the private beach where we stayed in Kauai

Caves of Kauai

Caves we found while exploring Kauai

Sunset Catamaran Cocktail Cruise on Kauai2

View from our sunset catamaran tour in Kauai

View from Kauai Helicopter Tour of Na Pali Coast 3

View from Kauai Helicopter Tour of Na Pali Coast

View from Kauai Helicopter Tour of Na Pali Coast

View from Kauai Helicopter Tour of Na Pali Coast

Sunrise view from our balcony at the Maui Marriott Ocean Club

Sunrise view from our balcony at the Maui Marriott Ocean Club

Waterfall on Road to Hana in Kauai

Waterfall on Road to Hana in Maui

 

If Headed to California, Why Not Stop in Napa?!

On the way home, we also decided to stay an extra day in San Francisco, which necessitated a trip to Napa again for some wine tasting. :)

Duckhorn Vineyards Napa CA

Duckhorn Vineyards Napa CA

 

In total, I spent just about $3K on this trip. While that’s a nauseating sum considering at least $1,500 or more could have been avoided had I done a better job planning, I’m still in the camp of not regretting the decision to stay longer. Flight delays and extra expenses be damned; we had a hell of a good time!

That being said, I have my work cut out for me to save up and find creative ways to cut expenses for our upcoming trips to Quebec and Portugal….

What are your upcoming travel plans?

Are You a Slave to Money?

Slave to MoneyFinancial freedom–a term tossed around quite a bit in the blogosphere, among money experts and an elusive “holy grail” for many people. It’s a concept touted on websites and in books alike–the idea that one day, after enough hard work, we can all live a comfortable life with little worry about finances.

But what does financial freedom actually mean?

With all the penny pinching, balance checking, time spent tracking expenditures and endless recalculations, it’s no wonder people feel bogged down, worn out and stressed about money. Hell, given my recent decision to leave my day job, I had to work through my own money stress in order to determine that I could finally strike out on my own. It’s clearly no secret that money is a subject which is sometimes (or, in extreme cases, always) fraught with anxiety for most people.

Do you rule your money–Or does it rule you?

When it comes down to it, your relationship with money (and subsequent path to financial freedom) can be identified by asking yourself one question, “Do you rule your money or does it rule you?” Your answer to this question highlights the inner core of your financial being: Whether or not you’re a slave to money.

How to know if you’re a slave to money

Signs of being a financial slave include overdrawn bank accounts, accumulating balances on high-interest credit cards, collection calls, missed mortgage payments, etc, etc etc. With each of these instances, the reality is clear that a lack of funds is wreaking havoc on your finances. When you’re constantly digging yourself out of money-related messes, how can you possibly get ahead?

But what about some of the causes for the shortage of money? Sure, there are unique situations such as illness or accident but the majority of those who are slaves to money are in this position because they aren’t managing their finances responsibly.

Perhaps they’re mindlessly spending or trying to keep up with the Jones. Maybe they’re lazy and apathetic about learning fiscally responsible behaviors. They could constantly make excuses for why they’re “bad” with money. Whatever the reason, the essence of the issue is more about gaining control over one’s money in order to build a financially stable future. It’s not about repeating the same damaging behaviors and hoping for different results or expecting to win the lottery as a way to turn a blind eye.

The road to financial freedom

If you’ve asked yourself the question above and have realized that you’re a slave to money, fear not–there are many ways to get yourself on the straight & narrow. Your first steps should include educating yourself about sound money management, identifying where your money comes from and goes to (a budget is a great tool to do this!) and seeking support from the people around you. Just as Rome wasn’t built in a day, neither will your finances be repaired.

Remain calm, stay inspired and commit to turning your finances around. Your future self will thank you as you’ll no longer be a slave to your money once you have control over it and know how to use it correctly.

Are you a slave to money?

 

Photo credit: vectorportal

 

 

Creative Valentine’s Day Gifts on a Budget….and a Giveaway!

Cheap Valentines Day Gifts and DatesWith Valentine’s Day just over a week away, I have some work to do in the gift-giving department. Being the budget-loving, money-saving gal I am, I will definitely be utilizing a hefty dose of creativity to ensure I don’t break the bank for my “favorite” Hallmark Holiday. :)

The thing is, I love giving gifts. Whether it’s for strangers during any rendition of my Operation Giving Back missions or holiday gifts for just about anyone on the list, I’m usually trying to figure out a way to stretch my gift dollars as far as possible. But I draw the line at giving something that’s completely thoughtless or bought last-minute just to buy something. More often than not, I find a way to give something meaningful that also fits in the budget.

Creative Valentine’s Day Gift Ideas that Can be Adapted to Fit Any Budget…

 

Edible Valentine’s Day Gifts

One of my favorite gift-giving categories is something edible. Whether it’s cooked or baked, I’ve always had a lot of fun creating something yummy for a neighbor or loved one. This year, I’ll be making homemade fortune cookies for my BF (I certainly hope he’s not reading this!!!), complete with personalized fortunes. If I have time, I’ll also make some homemade cupcakes and candy for a few of my friends and co-workers to enjoy. Check out for loads of fun, easy recipes–including the one I’ll be using for the fortune cookies!

Sentimental Valentine’s Day Gifts

Another favorite gift category of mine, no matter the occasion, is something sentimental. I won’t be divulging the details of this gift for BF just in case he’s reading this post, but I like to create gifts based on shared experiences, interests and/or dreams and goals. Some inexpensive ideas are scrapbooks, framed photos in DIYed frames and personalized magnets or other office/desk accessories. Also, never, ever underestimate the power of a hand-written card or note!

Inexpensive Valentine’s Day Date Ideas

The last category, dates, is a must-have for me because I’m all about giving the means for fun and memorable life experiences instead of material objects. After all, the memory of the experience you had while taking the photo lasts far beyond the dust accumulating on that frame. Some of my favorite, inexpensive Valentine’s Day date ideas include:

  • Star gazing. Depending on where you live and the weather that day, you might only need a blanket and a clear sky to create a memorable Valentine’s Day
  • Indoor picnics. This can also be done outdoors obviously, but if you’re like me and live somewhere that actually has winter weather in February, you can set up a cozy picnic area in your house. Combine this with your cooked or baked goodies, some bubbly and spend your V-day talking long into the wee hours of the night
  • Scavenger hunts. I haven’t personally done this before, but I’ve always wanted to set up a date that revolved entirely around a scavenger hunt. Seriously, how fun would that be?!

 

Giveaway Time–Enter to Win $100!

If you’re still shopping for Valentine’s Day gifts, don’t forget to check out coupon offers from sites such as CouponFollow.com. If you are going to buy something, you might as well try to save some money on your purchase!

Speaking of money, enter now for your chance to win $100….

 

a Rafflecopter giveaway
 

Will you be giving any Valentine’s Day gifts this year? If so, what are you planning to give and how will you save money doing so?

 

Photo credit: epSos.de

Frugality Gone Wrong: The Real Cost of Owning a BMW

BMW European Delivery

My new ride & I taking a pit stop in Switzerland–I get to keep the Euro plates

It’s no secret that I committed a PF sin back in the fall. After months years of contemplation, I pulled the trigger and ordered my first new car in over a decade.

When I placed the order in August, I made sure to detail my desire to take full advantage of the BMW European Delivery Program offered to any customers purchasing or leasing a new car. I also reserved a spot to take a re-delivery at the BMW Performance Center in South Carolina once the car arrived stateside (I’ve posted a full recap of the Welt portion of the experience…stay tuned for more!).

This weekend, I’m headed to SC for a full day of factory tours, race track driving and off-roading (yep, they give you a stock car to beat the snot out of on the track then take you off-roading in an X3 or X5). Can you tell I like my bimmers?  :)

While the EDP and Performance Center re-delivery are free to me as a buyer, what happens when I drive my shiny new car back to Boston? Basically, the reality of the real cost of owning a BMW will most likely slap me in the face.

The real cost of owning a BMW

I ordered a 3-series, a 328i, which is the mid-range vehicle BMW offers. Despite a fairly reasonable starting price (for a luxury car), the final tally including the options I opted for brought the final figure to….wait for it….just around $50K. Holy.shitballs.

Luckily, with all new cars, BMW offers free service for the first 4 years or 50,000 miles. This includes all oil changes, brake pads, fluids and discs, inspection services,  engine drive belts, wiper blades, etc. You’re also afforded free BMW Roadside Assistance for the first 4 years (no mileage restrictions) as well as BMW ConnectedDrive/Assist for 1 year.

But what about the other costs?

What about insurance, gasoline, parking and all the other miscellaneous expenses I’ll incur as penance for my sin? Obviously, if I spent this much money to buy the car, I’ll definitely be trying to take very, very good care of it. Unfortunately, that may mean more money being eaten up:

Insurance: My car insurance has gone up $53/month or $636 for the year.

Gasoline: Luxury vehicles require “luxury” gas (haha). Gone are my days of filling ‘er up with regular–I’ll now need to foot the bill for Plus or Super Plus. I’ll estimate that my gas expenditures will rise a modest $40/month (because we all know how much I love riding my bike to/from work!).

Depreciation: As with all new cars, the moment you drive that sucker off the lot (or out of the factory in my case), the depreciation clock begins to tick. It’s estimated that in the first year alone, my new 3 series will depreciate about $7,600.

Parking: I’ve added a new line-item to my budget for parking expenses. I won’t be paying to park in a garage on a regular basis (I have ample, free street parking in front of my house), but I will be paying to park in a garage whenever I venture into the city as I don’t trust anyone with my new bumpers. I’m budgeting $30/month for parking fees.

Total: Not including my monthly payment, I’m increasing my car-related expenses by at least $123/month or $1,476 for the year.

The fine print

Overall, this could be far worse–especially if you consider the potential costs had I chosen a luxury car that doesn’t include free maintenance services (costs estimated for first 4 years of ownership):

bmw-maintenance-plan

As any good PF blogger would do, I made sure to budget for these expenses (and practice living like I had to pay for them) BEFORE buying the car. I also ensured that I could still fund my retirement accounts, save, travel and basically keep my lifestyle the same as it is now.

Yes, this is a frivolous purchase. Yes, I could have purchased another car for far less money.

But with all that said, I’m still happier than ever about making this purchase because I love cars, love BMW and have planned/worked hard to make this a reality. Then again, talk to me a in a few years to see if it’s still worth it.  :)

 

What’s the most frivolous purchase you’ve recently made?

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