Showing posts with label financial planning. Show all posts
Showing posts with label financial planning. Show all posts

Sunday, August 19, 2012

Nesting And Adoption

In the big scheme of things, we are still super early in our adoption process, much to my annoyance. BUT, we have also gotten A LOT done, much to my joy.

The entire homestudy process has been huge to get through and as of now we are still waiting for my boss to send in his reference, and or our social worker to finish typing everything up, THEN we are ready to apply for grants.

I'm praying so hard we can make the Show Hope grant deadline this month, but if not, then we will be ready for the next one in Oct. And there are tons of little grants I want to apply for as well, so those will keep me busy if we miss Show Hope.

My greatest hope IS in the Show Hope one-they could end up giving us a large enough amount to fund everything we need that our savings isn't going to be able to cover-how amazing would that be? And getting that big chunk so soon would enable us to speed through the final steps, with our dossier, our passports, travel flights, and the huge contract fees and the huge government fees for Visas, official documents (a birth certificate with OUR last name, yay!) and other such very important things that are all due in big chunks and can't be financed.

I am hoping and praying so hard that God will keep her safe until we can get to her. A couple of children in her orphanage have died from simple (here) illnesses and a part of me is so scared she will catch something, like just a cold, or heat exhaustion, too.  I know, it is silly, but still, I probably have such fears just because I can't be there to hold her and take care of her.

I'm so scared she will die before she has a parent to kiss her goodnight and hug her tight.

When I had learned about another little girl's death from the orphanage, and this little girl I happen to know was in the process of being adopted by such a wonderful family, it just increased my fear. I want our little Princess to know that there are people out there working hard to bring her to our family, that we want HER and love her so very much.

But, on a more positive note, I have been doing a tiny bit of "nesting". It makes the long waits between any feedback from our agency (and like now we are just in stand still waiting on a reference letter and the report to be finished...sigh) So, while there is little to do, I have been searching out cute things for her bedroom. I found these:





I was so super excited to find them in dark haired/dark skinned versions as well. I got them on zulily.com, so the prices were fantastic. I also got a few other similar photos of dark haired little princesses in various fairy tale settings. They are 8 by 11, so they will be perfect to frame and hang around her room, maybe over her little bed or over the reading area.  Since she and Champ will share a room until they get older, I also found some similar ones of little boys with puppies, playing in mud, and reading a story, and a cute subway tile looking one like this top one that says "Our Dream Came True, All Wrapped In Blue" with a little rocket ship on it.

I have them saved as favorites on etsy, so when I have the money saved I'll scoop those up and start working on the shared room space layout, with a little boy side and a little girl side. I'm excited to bring that to life in the next year, but I did promise Bill I wouldn't buy anything else until we get our official referral.

Sigh, that will be hard :)

AND in great news, I found an Indian grocery store near us and had a great conversation about classic recipes and ingredients and how to use them. He is also ordering a cookbook for me in English, since all of his on the shelves were not. I'm super excited and thankful for his help! He also told me about a clothing store that was in the same shopping area that has traditional Indian outfits-I had SO much fun looking at the little outfits and bangles and bindis....And I as so thankful the lady there was so kind to explain to me how the bindi worked, how it should be placed and what it meant-along with the bangles. They also did ear and nose piercing there, so that would be super fun to take our daughter, if she wants, and let her pick out a traditional looking earring to put in her ears. They were much more ornate than the simple studs you get at the mall, and I just loved them. They also had some wedding outfits and the lovely shades of red, the head dresses...wow, they were just STUNNING.

I can see going back there a lot! Though the prices were high enough I will probably only be able to get one or two a year as she grows, but certainly not much more expensive than a Disney Store costume and accessories, so it will certainly be something we get for her to dress up in and one for special holidays, like the Festival of Lights I want to start celebrating as a family.

And I am excited to have found such close resources right here, so now I don't feel as stressed to save up money to buy outfits for her when we travel over (though I certainly will buy some things for her) At least now though, I know I can always get new gowns for her as she grows and as I have the extra money to splurge. And we can now hunt down her favorite colors and let her pick things out as well. I am excited about the thought of picking out bangles and dresses and traditional meal ingredients with my daughter at these stores someday.

So, those are my little nesting things, and the excitement and thoughts they give me keeps me trucking on along through the massive grant paper work, adoption paper work, careful budgeting and other such tedious tasks we must accomplish to bring her home to us.

So worth it, but I do wish I could win just a portion of the lottery and just pay everything right this minute.

I can't wait to say I have three sons AND a daughter!

Friday, April 24, 2009

Suze Orman, AVON and a Giveaway!

Wow, yesterday was just simply amazing. I was honored to sit in on panel of my favorite mom bloggers, like Mom Generations, 5 Minutes for Mom, CutieBootyCakes, and more, as we got to pick Suze Orman's brain for the latest and greatest personal financial advice!

Here is a brief recap:


*How do you go about incorporating your company, and when do you do it?
Answer-If you Inc. you need to start in small steps. Start as a sub chapter F and then a C chapter once you take on staff so you can save on taxes. However, the best advice is to start as a sole proprietor and to hold off on Inc. until you have grown in size and have staff.

*What are the biggest mistakes a new, start up business could make, and how can they avoid those mistakes?
Answer-Not understanding the amount of money to start a business. The working capitol needed to continue is huge and should be factored in during the "research" part of developing your business into reality. Another big mistake is to not close shop when you continue to lose money. If you hang on to a business idea that is failing, all you are doing is flushing away money. Walk away with what money and investment you can save. ALSO, pay yourself first. You are the most important employee, and should be paid FIRST. Then pay everything else. A huge mistake is for business owners, esp. women, to take care of their staff and everything else before they pay their paycheck. You are in business to make money, and you won't do that unless you pay yourself!

*What is the best use for extra income, either from bonuses or paychecks, right now?
Answer-Normally, Suze would recommend paying down debt; however, in our current economy, she says SAVE IT! Credit Card companies are actually starting to close down accounts on people so they decrease their risk; so, if you get laid off and and don't have an 8 month emergency savings, you may find yourself in a hard squeeze if the credit cards you thought you could use in such an emergency are closed. So, right now, save all the extra money you can.

*What is the best way to finance a business? Self finance? Bank finance? And how do you get a bank to back you right now?

Answer-
NEVER self finance unless you can afford to still live your lifestyle unburdened should you lose your whole investment. The best way to find investors is the put together all the research of your idea, get the money costs, the staff costs, the hows, whys and wheres all worked out and into a professional presentation before you hit up investors for money. Going to the bank, clean up your credit and have investors backing you. It never hurts to also show the bank your business plan so they can feel more confident in your success as well.

*What if you live paycheck to paycheck? How do you save an emergency fund?
Answer-Play financial unemployment-Force yourself to put money aside first thing and you'll be amazed at how you make your money stretch. When you open a SaveYourSelf account and put $100 dollars each month in, at the end of the year you will get another $100 added to your account, that you can immediately withdraw. You can go to www.saveyourself.com for more info.

I wish I could go through all the great questions the fabulous mom blogger panel got to discuss with Suze, but there were so many it would take many many posts to go through them! You can; however, go to twitter,follow me, of course, and search the #suze tweets (or is it twitterings?) to see the questions and answers Twittered in real time yesterday. I think between all of us mom bloggers present we were able to cover everything asked and answered! Also, the most awesome part EVER is that Suze DOES answer questions you send her over Twitter, so if you missed out on submitting questions yesterday, you can still get them answered by following @SuzeOrmanShow!

Suze was also so amazing and motivating, and I have to thank the wonderful people at Mom Select and AVON for putting together this interview and inviting me to be on the panel. I really felt like a fish out of water, sharing the discussion with the fantastic group of top mom bloggers AND Suze Orman!

I mean, really, I watch her on Oprah! Never in my wildest dreams did I ever think I would get to talk to her and ask her my financial questions!

Here are a last few tidbits of advice I learned:
*Go to www.savingforcollege.com for THE BEST advice on the different state 529 college savings plans for your family. NEVER use Universal life insurance. Suze has a fit over anyone using those. Just so you know.

*Suze is a huge fan of AVON, a company that allows women to really become powerful in their own business with no risk of losing investment. You can learn more about AVON here: http://www.prnewswire.com/mnr/avon/37724/ and if you would like to get involved with AVON you can go here: http://www.youravon.com/REPSuite/become_a_rep.page?p=PRBlg423&c=PRBlg423


Time for a GIVEAWAY!
You should always have a living will in place; that is the best and only way to protect tomorrow today. Usually it costs a lot of money to set it up; however, for the next 48 hours, you can get one done FOR FREE buy going to www.suzeorman.com,click on the "Will & Trust link in the blue bar on the left hand side of the home page. Click on the orange Gift Code button and enter "Moms Rule" into the gift code field. Click the green Submit button and follow the instructions to redeem your free copy of the Will & Trust Kit. This Give Code will be valid until 12:00PM EST on Saturday, April 25th.

So yes, I learned A LOT yesterday, talking with Suze Orman! Is there any advice, financial or otherwise, that has really made a positive impact on your life, business and money management? Suze's greatest advcie to me? 1-You must be powerful in your money to be powerful in your life and 2-"Being a mom is the hardest job there is-if you can do that, you can do anything."

Have a great weekend; I'll be busy working on my Will & Trust after downloading my free kit!

Thursday, April 23, 2009

Audio Cast with Suze Orman

I am so very excited! From 10am to 11am EDT I will get to interview Suze Orman about financial guidance when starting up your own business! Any questions you have about personal finance, entrepreneurship, starting a business, taxes, ANYTHING, email me or leave a comment here and in a few hours when the interview starts I will ask as many as I can! Here are a few I am planning on asking:

*How do you incorporate your company? Do you do it at all? Do you wait until you are a certain size before incorporating?

*What is the best way to set up a new, start up company for tax purposes?

*What kinds of jobs do you feel might be great entrepreneurship opportunities for the next few years? Computers? Daycare?

*Outside of self financing, what are some ways someone could raise capitol? What is a good way to get a bank's backing right now?

*What are the biggest mistakes a new, start up business could make and how can they avoid those mistakes?

*how do you go from talking about ideas and details to actually doing it? What are some of the first steps you need to take to turn your idea into a live business?

I will be tweeting some of the Q&A as i can, and then you can check back here over the weekend for the answers to the financial questions asked!


Friday, January 30, 2009

A Stay At Home Fear

Well, technically, I suppose I am a work from home mom, but my paycheck generally goes into savings or into paying for unneeded items-like toys or the like. So my part time job doesn't cover any bills, or buy food, and certainly wouldn't support us if something happened to my husband's job.

And that is my fear, and probably the fear of all stay at home parents. What happens when the bread winner gets laid off?

My husband found out yesterday that his company laid off some really close friends of ours, all guys and gals who had been with the company a long time. He also found out that more lay offs are coming by the end of Feb/March, so needless to say, we are slightly nervous.

I have faith we will be fine no matter what happens. We follow Dave Ramsey's advice on finances, we have an emergency fund and no debt besides our house and Bill's truck, both of which are easy to manage. Plus I'm working, and that money can be easily applied to bills, food and the like.

But, for what about those stay at home parents that don't have a work at home job? Well, I had a few ideas that I thought I'd share:

*Offer to watch working friends kids for half what they are paying for daycare. This works well for me since I do have a degree in Early Childhood Education, but for anyone already staying at home, watching other kids can be a great way to generate income while helping friends cut their bills too. Some states have laws over home day cares and accreditation, so that is why I advise just starting out with a few friends or neighbors kids, so you can keep it under the table and not have to pay for all the state licensing, insurance, and the like. Also, they are probably kids you are familiar with and have watched from time to time anyway! I would suggest not having more than 4 kids (including your own) to watch, so I could watch two other kids, at about $100 each a week.

*Work nights so the bread winner can have days free to go to interviews and search for jobs. Wal-mart, love them or hate them, right now is doing great and the two near my house here in Mobile are hiring.

*See if a company that offers health care to part time employees is hiring. Starbucks is/was one such company. I worked there through college and after because of the great benefits, quitting only when I got pregnant with Little Dude because two jobs was just too much. I don't know if they still offer benefits to people averaging 20hrs/week, but it is one place to look at. You can also check out Forbes Top 100 Places to Work to find companies with great benefits.

*Try being a contract worker like me. Send out your resume showcasing your typing, writing, computer and editing skills and emphasizing how you are a quick and eager learner and see if any marketing or web based companies can use you for data entry, editing, or writing. Even go by places like ManPower to see if they can place you somewhere.


Thursday, April 3, 2008

Free at Last

Well guys, we have a very exciting announcement today: We just paid off my school loan and are now 100% debt free (except our mortgage). Yes, that is right! It is the greatest feeling in the whole world.

I feel we have always been really good and frugal with money, but when I got pregnant with Little Dude we started watching, listening to and closely following the advice of Dave Ramsey and his Financial Peace University Philosophy.

We never actually took the class, but we learned about the philosophy and put it into effect for us by reading his books. There are tons of his books in the library and his TV show comes on the Fox Business Channel around 8pm here in NC. His whole philosophy has set us on a mission, and being free of credit cards and debt in general is just so liberating! I have a link to his website below for any others that would like to check out his financial planning:

http://www.daveramsey.com


and here is a link to his blog, which you can also reach off his website:
http://www.daveramsey.com/tdrs/



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