Hoarders!

“I was watching a show about this woman who hoards clothing and I realized her clothes looks like our basement”

This quote comes from my father, referring to the fact that the basement, as well as every closet, shelf and dresser is filled to the point of bursting with my mom’s clothes.

 I seem to have inherited the clothing gene from my mother. (See Financial Failure Article)

 My father continues to say how he thinks through each purchase carefully. I realize I have inherited genes that are in constant battle with each other.  No wonder I get so many migraines.

A lot of the time my mothers ‘want’ gene is the winning team; maybe that’s why we both seem to accumulate so many things, a few things which I always seem to stock up on unnecessarily.

 My biggest weaknesses seem to be lip glosses and balms, lotion, body washes and sprays. I will buy any of these things even if I have a large stock at home because I save some for special occasions, when I’m in a happy, sad, when I need change… You name it, I have a body product for it. 

 My challenge to myself: use up all the products before buying more. Even if the product is on sale (even typing the word gets me excited), I find a new scent I love, or I feel like a new lotion will save my life.

 This will take every ounce of willpower I have, and like my immune system, I will have to teach my dads genetics to be strong.

Repeat after me pretty little poor girls: I do not need that, I already have that at home. I do not need that, I already have that at home….

 Wish me luck.

xoxo.

Jenn

Financial Failure

Hi, my name is Jenn and I’m a shopaholic.

I sighed as I was writing the title to this post.  I’m weak sometimes. Some people smoke, some people drink, and I … shop. I’d like to blame it on genetics. As a child, the closet in my room was filled with not mine, but my mother’s clothing. As was her closet, her chest of drawers, and an entire room in our old house.

Sometimes I actually believe that buying this or that will actually change my life. Like a pair of jeans will somehow pay my bills, do my dishes and clean my apartment. A lipstick will actually make me look like Kat Von D. I…must…have… (insert newest obsession). Just the other day, I had the discussion with Danielle about how I need to stop thinking about how good of deal something is, if I don’t have the money for it, I just won’t buy it.

And then I hit the mall. (To return something, I swear!)

Now, to rationalize my purchases a bit, I did include a clothes budget for myself every month. And then not only did I find the jacket I had been wanting last fall for less than half the price of what I was going to pay for it, I also found the boots I had been unsuccessful in finding (yes, I’m aware it’s summer, which brings my shopping addiction to a new low). I think my purchases through and I know that I would actually make use of these items, but then I stumbled across a cute top… and well, I’m sure you know how this story ends.

I would love to end this post with some kind of epiphany or something that would wrap this story up in a positive way to my financial future. But no, there was none of that.

There is just happiness as I look down at my new boots… And hunt for a second job.

Is my hair worth it too?

I usually freeze my credit card.

Literally.

I put it in a ziplock bag, fill it with water and put it in the freezer.  That way, I have to reallllly think about if I want something before I unfreeze it. This strategy has worked really well for me. I used to always be in credit debt, between $500-$1500, and it was always from shopping, Starbucks, vacation–basically fun stuff I couldn’t afford.

I decided I was sick of being in debt and the anxiety that went along with it, so paid it off and stuck my card in the freezer for months. Since then I have been successfully living off cash.

A few weeks ago I decided that I had reformed my ways enough to unfreeze my credit card. It sat on my dresser for a week, before moving into my wallet. I figured I could handle it.

Well, I learnt, I can’t.

The other day , I decided I wanted  a clampless curling iron. I’ve wanted one for a while, but since I already have 2 conair curling irons and NATURALLY CURLY HAIR, I’ve restrained myself. But the other day, something came over me, like a woman in the throes of PMS who walks a mile to get a chocolate bar, and I logged on to Folica.com and bought a curling iron.

I do not make impulsive decisions. I think things out. I research things. I read reviews. I deliberate for months, sometimes.  And yet, for some unknown reason, I decided I wanted shiny, loose, Victoria Secret waves that would last all day and that buying a $119 curling iron (USD), was the only way to get me there. Something went through my mind, probably thanks to five decades of L’oreal marketing convincing me that, dammit, I AM worth it!  I deserve curls that take 25 min to create but look like I just had rough sex!

I chose the top rated one on the site, the Sedu curling iron, because it was “BRAND NEW! The New Sedu Revolution Clipless Curling Iron takes curling to a new level.” And I figured, I  might as well get the best. I didn’t listen to Jenn when she told me she bought her curling iron at the mall for $99. No, No. Instead I decided that I wanted ” long lasting curls and voluminous waves that are frizz-free, shiny and long lasting,” and this particular curling iron must just be that much better. I’m pretty sure hers is just as good though. Maybe it doesn’t have auto-shut off though…(ooo maybe this iron will one-day save my appt from burning down?? Then it would have been worth it)

So, convinced by all the marketing, that seemed to speak directly to my hair soul, I entered my credit card number, agreed to an extra $19 in shipping, and hit “buy”. Why oh why?

It arrived today at my work, and I had to pay an extra $10 in “broker” fee (wtf is that anyways?) and 13%HST. For a grand total of $166.

My curls better be freakin awesome– and I’m putting my credit card back in the freezer tonight.

Welcome to our PF Journey

Hi!

We’re Danielle and Jenn. We’re no experts in personal finance– but you’re probably not either. So teach us and learn from us as we detail our financial adventures from saving and budgeting, to choosing between sushi and a haircut.  Since no one taught us in school (and judging by the fact that Canadians have record-high level debt, they would have done a bad job anyways) we want to learn how to make the funds we have go the farthest, while still enjoying our 20-something lives.

Danielle is a journalism grad student and likes to intern for free in her spare time. She pays her rent and feeds herself by taking every random part-time job she can find such as: teaching assistant, bartending, tutoring, stuffing envelopes and freelance writing. She regularly dips into her savings, which she earned during her year “on” between undergrad and grad.   Thankfully, she is out of debt, but desperately wants to stay that way. This is difficult since her income is close to zero and she has a penchant for expensive bronzers, lattes, cotton dresses and free-range eggs.

 

For business purposes only, you can contact us at prettylittlepoorgirls@gmail.com