Sunday, November 30, 2008
Friday, November 28, 2008
We had a busy day, cooking and conversing and, of course, eating.
Simon and I checked into the Shiloh Inn. Very nice staff, older rooms. I was a little surprised to get an actual key for our room (they haven't upgraded to key cards yet) The room lay out is a little odd, but it is roomy and clean. It will do. Just need a bed to sleep in, and a little bit of quiet.
Looking forward to another nice day with the family tomorrow.
Tuesday, November 25, 2008
Monday, November 24, 2008
Saturday, November 22, 2008
For those of you who have not been saving for a Rainy Day- you should start.
My intent is not to panic you-the news media does quite enough of that. I do not advise panic at all, actually, but I do promote preparation-that is always a good idea- calculated consistent and calm preparation.
I attended an interesting lecture today at school. My economics teacher from Spring Quarter held a special session to talk to us about the current economy and what might be coming. The professor, Karma Hadjimichalikis (sounds just like it is spelled *lol) has been working and teaching in the field of economics since the early 70's. She co-authored our economic text book with her husband.
Last Spring we learned that there are 3 types of economic downturn:
- A "V", where the economy takes a dive and then immediately recovers
- A "U" where the economy dives and then stays down for a while before it recovers
- An "L" where the economy dives and stays down for long, long time.
The goal of the Fed is to prevent an economic deflation. There are reliable methods that can be employed by the Fed to deal with recessions and inflation, but not deflation. She said that the current economic situation is unprecedented. Changes are taking place so rapidly that she is having trouble keeping her lectures up to date! Exciting times if you an Econ teacher.
That being said....our prof believes that the "U" scenario is most likely. We are down now and unofficially we are in a recession- (we have two consecutive quarters of downturn before it is officially declared a recession). This should not be a surprise to anyone! She does not believe that we have hit the bottom of the U yet though.
It is expected that we will be down for a while. We will not recover until we see the housing market reach its bottom. (Karma suggests that her sources expect 2 years of downturn!) Before we recover it is expected that unemployment will drop from 6% to 8%. It is expected that as money gets tighter people will continue to restrict spending, and some will find that they cannot cover monthly expenses. Many of these people will resort to credit cards and unfortunately this will be the next shock that our economy takes. If you can avoid this trap- I highly recommend that you do!
In April, Simon and I discovered Dave Ramsey- he is very down to earth, financial planner- he has a radio show and he is a strong advocate of living a debt free lifestyle. He has a lot of practical advise for managing personal finances that just makes sense to us. I especially admire his people skills. His ideas are not at all mainstream, and he has had a huge impact on our marriage and our money- we are on the same page with our goals and our spending. Last week we paid off our final bill, and we are now debt free except for our mortgages. Our next goal is to save up an emergency fund to cover 3-6 months of bills. We are also saving to pay cash for new windows.
Our debt free state is great timing because we are hearing rumors of layoffs at Boeing. I feel better about that prospect given our current debt free state. Ultimately debt = risk. We are determined to pay cash or do without in the future.
I plan to add an occaisional post on money saving tips and other financial wisdom that I come across. And I will also increase my posts of comfort foods!
If you are interested in learning more about Dave: http://www.daveramsey.com/.
Friday, November 21, 2008
Friday, November 14, 2008
Thursday, November 13, 2008
- semi sweet chocolate chips
- butterscotch chips
- chopped walnuts
- sweetened coconut
Wednesday, November 12, 2008
Monday, November 10, 2008
Sunday, November 9, 2008
Today I slept in until 8:30. I did not intend to do this because I have so much to do today, but here I am 9am and nothing is done. I must have needed more sleep though.
Simon is making coffee. I picked up a new coffee press at Value Villiage for 9.99. We found the exact press at Starbucks for 40.00. (that deal makes the coffee taste even better!). Our favorite coffee is seasonal. It is called Ipanema Bourbon and it is made by Starbucks. I usually find it in February, although this year I picked up some in June- I was hoping this meant it would be more regularly available, but I have not seen it since. Our other coffee preference is Pete's coffee- Major Dickinson's blend. We usually only make coffee on weekends.
On Sundays I also try to make breakfast for my man and then a nice dinner. This morning we are having Smoked Salmon Scramble. This is basically Scrambled eggs with smoked salmon and cream cheese cut in. I add salt, pepper and fresh chives to this - it is very simple and heavenly. We will have pugliese toast with this. I picked up some wonderful orange and fig jam to top it off. (Discovered last night that this is great on gouda cheese, too!).
After breakfast I am going to call my mother in law, since I did not speak to her yesterday, then I am also going to get on the treadmill for 30 minutes.
Simon did a lot of the housework yesterday, but I will try and get into the bathrooms and give a quick clean (we need to get our housecleaner back!)
For the rest of the day I need to work on homework. I want to try and complete half of my cost accounting mid term (due next Saturday- prof says it is a 7 hour exam...so for me, that means 10!). I have an operations management case study to complete for Wednesday (2 hours), and I have a negotiations assignment that requires on-going negotiations until Nov 24. I am the Project Manager for our team this quarter and the chairperson for these negotiations as well, so school is my priority today.
At some point today I will be making treats for work tomorrow to drum up donations for the holiday "adopt a child" campaign. My work group adopted 6 kids and I am heading up the fund raising.
Got the suet, but the mincemeat will need to wait until next weekend.