When you have money, you save money Saturday, Mar 12 2011 

I’ve never been so happy to spend money on something I didn’t need yet.

In late August, I called my natural gas company to get their advice on locking in the winter’s fuel price. I had no idea whether to choose a rate lock, a pre-pay or a budget plan.

I learned that if I topped off my tank  in August, the price would be $2.74 a gallon. If I pre-paid my winter’s fuel I’d pay $3.09 a gallon, the sign-up fee would be waived and there would be no delivery fees all winter. Or I could do a rate lock where I’d pay a fee for the lock (about $100) and a delivery fee each time they came out plus the cost would be $3.19 a gallon. A budget plan would spread the cost over the entire year, not just the heating season.

So many choices! I talked it over with the nice gas company rep. Since I had money in the bank, I decided to spend now to save money. I pinch pennies all the time to have them pile up to dollars. Having done that, I got to make my dollars save us hundreds more over the winter. Now that gas prices are soaring I’m even more thankful that I could spend money to save money. If I didn’t have any money it would spiral the other way. You don’t have money in reserve, so you choose to let go of the least amount possible today. You choose the greater cost per gallon and a payment that comes later. If you don’t have the money when it comes due, you pay late fees. There is an upward spiral and a downward one. If I say no to lots of little expenses like a new DVD, fast food and clothes, I can get on the upward spiral.

All it took was about 10 minutes on the phone to save over $300. There’s a benefit of being a stay at home mom! You can be the family’s financial gate keeper. Your input into the family is felt in many ways and finances IS one of them.

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Investing in our home instead of a wedding venue Sunday, Mar 6 2011 

Friday we attended a wedding that was at a lovely manor house. I checked their website and saw that Friday was less expensive, saving the family $800. Still, it cost $2000 and that’s not uncommon as a venue price.  We can’t pay that much.We’ve got seven more daughters and two sons to marry off, so we’re thinking hard about how to minimize the pain to our wallet. We’ve thought about wedding locations since they are one of the big three expenses along with food and photography. Why not build equity by doing improvements around our home instead of renting wedding spaces?

If for each child we invested even a thousand dollars, we could add a patio, fountain, gazebo and landscaping and still have money for renting a party tent and buying dishes, glasses and table linens. We could clean and paint as needed to make everything nice for the ceremony and the money we spend would be seen around us instead of passed on to a business. For a wedding at home, it helps that we have a beautiful piece of land in a country setting, but even if we didn’t I’d try to find a pretty venue that wasn’t expensive. Maybe a park, flower garden, community center, church or open field.

We could use the church we attend for free, but there’s a problem. The stage/pulpit area is ugly. There again we could spend money and energy on what’s “ours”.  As members we could invest in the facility we use by donating wood paneling and moulding as well as our labor to make the church more beautiful. We could make speaker stands so that instead of being a prominent eyesore the speakers would visually disappear. We could also move the antique church pulpit we use as a hall table from our foyer to the church and bring in large flower arrangements. Several bolts of tulle and lots of twinkle lights might help out with the fellowship hall. I happened to get those bolts of tulle free when I helped at a wedding and the hosts didn’t want to store them. We’ll have to get a creative genius to give us advice and then get to work. Yeah, more work. When you don’t have money, you usually have to invest time and effort to get what you want; but it’s better to pay as you go and have no debt.