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Report on the Two Financial Events

October 24th, 2013 at 03:01 pm

Event one: the workshop on saving & budgeting. It was a pretty thorough overview of cutting costs, how and where to put away savings, how to create a budget. Nothing new to me; I'm sure it was quite helpful to others. The presenter shared a story about her Irish-born mother who grew up poor. She's been picking up coins (she didn't say how long) and she has a stash exceeding $2,000! The presenter was very strong on the power of saving small amounts of money whenever and wherever you can.

Event two: the budget crisis at work. Not a presentation -- mostly it was a chance for faculty, staff and students to speak up. Most of what they had to say was nonsense, I thought. Everyone was protecting their own turf -- very little was offered in the way of thoughtful solutions. From the tenor of the discussion, I'm pretty sure that there will be changes in the retirement contribution and in the medical plan. We know for sure that conferences and the like are banned, except for those who are leading or presenting. I think, as Treasurer of my professional organization, I count as a "leader" so I should get a green light for the events I have to attend. We'll see. I may end up having to have the board pay for my expenses instead.

I bought my train pass yesterday ($105) and this morning I bought a $50 Kohl's card through MyPoints, which will add 300 points to the 6000+ I already have. The Kohl's card is for my son's birthday -- I figure he can buy himself a sweater, or jeans or something.

I have four birthdays in November! My son, my grandson, my granddaughter, and my best friend. And then the next month, Christmas! I am partially ready for all of them.

6 Responses to “Report on the Two Financial Events”

  1. momcents Says:

    Love the story about the Irish-born grandma. The Irish-born grandma in my family insisted upon fashioning the farm children's coats from the farm hands' hand-me-downs long after the Depression was over! And to think that I still have her rocking chair and Sunday hat in my possession - the long-lasting effects of the potato famine.

    Did your trip to Goodwill yield anything? I was tempted to stop by our new local one, but then reminded myself that I need or want nothing. Smile

  2. CB in the City Says:

    Haven't made it there yet -- will go tonight after work.

    That's a hard-working grandma you had! Enjoy that rocking chair! (I assume you don't wear the Sunday hat). Smile

  3. snafu Says:

    Did the attendees react in a positive way to the cost cutting ideas presented? My colleagues are always complaining about running out of money before the end of the month. I too am surprised how much is saved by planning purchases in combination with coupons from stores like Kohls rather than impulse purchases. We don't buy take-out and drop money from cost avoidance into a large jar. It might just be $ 5. a day but over the year it adds up to a significant sum.

  4. CB in the City Says:

    No, they were negative about everything. They wanted nothing cut. I could see the President's frustration, though he handled it quite well. I'm only here for two more years, but I would rather take cuts than see the College fail down the road.

  5. FreebieQueen Says:

    I also work at a university with a pension system. The state did a revamp on contributions and retirement dates. We had the option to vote on quite a few different options. The retirement date ended up being raised. It was originally set that you could retire after 25yrs. Quite a few people I work with started at the university when they were 18yrs old. That means they could retire at 43! The contribution rate was also raised. I'd rather contribute a little bit more and know that the pension will be there when I retire in 20yrs.

    This year we were asked to contribute to a retirement health insurance fund to make sure health benefits would be available when I retire. It is a 1% contribution and again I don't mind as long as the benefits are there when I retire.

  6. baselle Says:

    Ha! Here's to sharp eyed Irish-born grandmothers!

    Its a shame that they were negative about everything. Its one thing to be negative but other to be negative and ignorant at the same time. At least in my mind it's "the shot's across the bow and I've been warned. Prepare."

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